In my opinion there will be no big surprises in December, unless there are big cases like FTX or Luna who make the market corrected, if the conditions like today I'm sure Bitcoin will slowly rise even with a small percentage, maybe the price range in December is $ 16k until $ 20k.
Big cases like FTX and Luna have already happened and I also don't think that cases like this will happen again to other exchanges because the risks are big and exchanges will never be safe and comfortable living in this world again. Likewise with Luna's party who in the end became very dying. Every shock comes with a cause and effect because it doesn't come by itself to the market, but as for the price of Bitcoin itself I also believe it will be in the $20K range as long as there is no more decline from now on. 
Topic: Bitcoin December price - page 7. (Read 7687 times)
In my opinion there will be no big surprises in December, unless there are big cases like FTX or Luna who make the market corrected, if the conditions like today I'm sure Bitcoin will slowly rise even with a small percentage, maybe the price range in December is $ 16k until $ 20k.
There are some positive news coming is all I could think now and I do not think there would be further decline.
What positive news?I'm quite curious about what you can define as positive at this point, Pizza Overlord accepting Bitcoin and some app allowing people to transfer bitcoins? An exchange having a partnership with some company or getting a license in some country?
Would those make people pour in 8 billion dollars that FTX managed to fuck up in a single move?
To see a bullish trend we need a bullish trend in the real economy, fortunately, enough inflation is peaking and the small hint about the FED not hiking rates that much next time already gives us a breather with the market reaction instantly, so if something good will happen it will do so because of outside factors.
If we saw FTX news and didn't sell our coins, then how could it ever go down? So, basically whenever there is a news, good or bad, that means we react to it and that's why price moves, if we don't react then it won't change.
But in general, bitcoin chat is showing some positive signs of recovery since the beginning of this week, and if things continue the way it we will soon go above the bad event of the FTX scam which forced the market to decline to this point.
There are some positive news coming is all I could think now and I do not think there would be further decline.
What positive news?I'm quite curious about what you can define as positive at this point, Pizza Overlord accepting Bitcoin and some app allowing people to transfer bitcoins? An exchange having a partnership with some company or getting a license in some country?
Would those make people pour in 8 billion dollars that FTX managed to fuck up in a single move?
To see a bullish trend we need a bullish trend in the real economy, fortunately, enough inflation is peaking and the small hint about the FED not hiking rates that much next time already gives us a breather with the market reaction instantly, so if something good will happen it will do so because of outside factors.
If we saw FTX news and didn't sell our coins, then how could it ever go down? So, basically whenever there is a news, good or bad, that means we react to it and that's why price moves, if we don't react then it won't change.
Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k.But if not, the price will return to decline again and for futures traders, it is a good time to go short.
So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready.
And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction.
But I remain optimistic that bitcoin will surely increase when the time comes.
We don't need to worry about this situation and keep buying more bitcoins, especially if the price drops sharply again like before.
And hopefully, if the decline still occurs, it won't make many people panic because it could trigger the price to drop even more.
Staying at 16k , though crossing small up to 17k ?
https://coinmarketcap.com/currencies/bitcoin/
This may sound good but this will stay this way all December , I also wanted to believe that in 2023 there are more bearish to come and the start of true recovery is in 2024.
in the mean while? we will expect this bad as what we can get.
https://coinmarketcap.com/currencies/bitcoin/
This may sound good but this will stay this way all December , I also wanted to believe that in 2023 there are more bearish to come and the start of true recovery is in 2024.
in the mean while? we will expect this bad as what we can get.
Possibly. I mean there's not much to expect in 2023 for Bitcoin especially that we continue to hear news with stuff like what happened with FTX and with the global economic burden that doesn't seem to have a working solution just yet.
People speculates either Bitcoin will bottom somewhere close at $10k or could be better than recent price and could play along the region of $20k-$30k. Not expecting another huge run next year, but 2024 could be more likely.
Staying at 16k , though crossing small up to 17k ?
https://coinmarketcap.com/currencies/bitcoin/
This may sound good but this will stay this way all December , I also wanted to believe that in 2023 there are more bearish to come and the start of true recovery is in 2024.
in the mean while? we will expect this bad as what we can get.
https://coinmarketcap.com/currencies/bitcoin/
This may sound good but this will stay this way all December , I also wanted to believe that in 2023 there are more bearish to come and the start of true recovery is in 2024.
in the mean while? we will expect this bad as what we can get.
@OP, the history is following itself and there is no doubt on that. However, if the clouds have settled finally and we see no bs news coming up, then December is really the month of crypto for years. But if we are getting near to something disastrous, then only time knows where we will land this time.
but we are still hopeful that we will be getting towards growing at least this december before dumping bad in 2023. 
@OP, the history is following itself and there is no doubt on that. However, if the clouds have settled finally and we see no bs news coming up, then December is really the month of crypto for years. But if we are getting near to something disastrous, then only time knows where we will land this time.
I think we'll be under $20k at the close of the year. Yes December entered where today's bitcoin price rose to $17300 and at this time the bitcoin price was trading again below $ 17k. market sentiment hasn't recovered yet and we're seeing some turnaround in the high sell-off going into the year-end holidays. at the same time where we have to face a bearish condition on the attitude of the whales who take the option to sell as they face the end of the year. but we can look at history in the past where in December there were always big surprises in market movements.
Hopefully at the end of this year there will be another big surprise for Bitcoin in the market, because everyone definitely needs more money when they want to celebrate the new year in various countries. Actually I also doubt that Bitcoin can be at $ 20K again before the close of this year, but if for example a big surprise can come again before the new year, I think the price of $ 20K is still very possible for Bitcoin.Quote
I agree with you that we will not sell on the profits we got in the bearish conditions that occurred a few weeks ago because this is a good moment to hold in in order to be able to get bigger profits when the big pump trend comes.
It's just about how long you want to wait for the big pump trend to come again in Bitcoin, because for now I don't think the big pump trend will come anytime soon. You can see for yourself how market conditions are today and the effect of increasing Bitcoin prices through some news in the media. Yes, everyone is looking for the price and if they see that it goes up, then immediately pushed the sell button.
So the December price will still be below $20,000, and so I guess we really have to accept that fact, just one month ago we are already in the $22,000 give and take until this FTX collapse happen that put the price into another downward spiral.
Might be hard to recover from that, and with that we might be in the $16,000 barrier at the end of this year.
If we relate to the price last month, the recovery price is only up to $22k but after the FTX case the market price drops, maybe for the end of the year there is no chance the market can recover significantly from the FTX case and my prediction is below $20k until this December, because any FUD news is very vulnerable to influence the market price. I think that at the end of Q1 2023 we will be able to predict a high recovery because the news about FTX is gone and cannot affect the panic of investors and traders. So the December price will still be below $20,000, and so I guess we really have to accept that fact, just one month ago we are already in the $22,000 give and take until this FTX collapse happen that put the price into another downward spiral.
Might be hard to recover from that, and with that we might be in the $16,000 barrier at the end of this year.
Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k.But if not, the price will return to decline again and for futures traders, it is a good time to go short.
So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready.
And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction.
Yes, everyone is looking for the price and if they see that it goes up, then immediately pushed the sell button.
So the December price will still be below $20,000, and so I guess we really have to accept that fact, just one month ago we are already in the $22,000 give and take until this FTX collapse happen that put the price into another downward spiral.
Might be hard to recover from that, and with that we might be in the $16,000 barrier at the end of this year.
Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k.But if not, the price will return to decline again and for futures traders, it is a good time to go short.
So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready.
And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction.
I wouldn't say that there will be bullish again this December, because from the overall sentiments, we are still very much on the bullish state. But there could be some spike in the price this December. Maybe at least getting to the former lowest low of $17,500 will be a good target at least for me.
Yes, we did hit $17k earlier or in the last 24 hours, but now the price is slowly going down again to $16,800-$16,900.
So it means there are traders who maybe bought with the price hits $15k and trying to make some money at this price.
Yes, we did hit $17k earlier or in the last 24 hours, but now the price is slowly going down again to $16,800-$16,900.
So it means there are traders who maybe bought with the price hits $15k and trying to make some money at this price.
Bitcoin have actually had a very nice Pull back from the $69K ATH till now, with the FTX scandal which caused the collapse last month November. What I do think for the price of Bitcoin this December is that we will continue to consolidate within $18k-$15k price range, Basically the algorithm of the market will be trying to reset for next year January where we either continue downwards movement or the market takes a reverse.
2022 has been predicted to be bearish and it was, just a month left to 2023 which is less than 2 hours away. It was not easy all through this year, but continuing to DCA would yield good return later on. Those that are losing should not sell by now when the price of bitcoin has reached significant lower price, it is wise and a good strategy to buy more using DCA.
I think we'll be under $20k at the close of the year. Yes December entered where today's bitcoin price rose to $17300 and at this time the bitcoin price was trading again below $ 17k. market sentiment hasn't recovered yet and we're seeing some turnaround in the high sell-off going into the year-end holidays. at the same time where we have to face a bearish condition on the attitude of the whales who take the option to sell as they face the end of the year. but we can look at history in the past where in December there were always big surprises in market movements.I agree with you that we will not sell on the profits we got in the bearish conditions that occurred a few weeks ago because this is a good moment to hold in in order to be able to get bigger profits when the big pump trend comes.
The month of November that end didn't show a sign of bull for December but the price is looking good for the month and now at above $16k and close to $17k. This can be a trap with this little up movement since the last week of November. Nobody can clearly say which direction for December price on btc.
All I can see is a bull trap when the chart is viewed on monthly time frame. You are correct that the recent price pump after reaching 15.4K is due to the monthly close of candle. A wick on candle is normal during the closing of candle to fill the gaps on CME.
I would say that we might experience a temporary relief due to the effect of Christmas holidays to form a small green candle or upper price wick for the month of December. In general the chart is still not showing any bullish movement aside from low time frames that we all know it provides inconsistent trend due to crypto volatility.
The whole of the body movement is not yet indicating bull. Low time like you say is not the best to see through the direction because they are temporary and can change before the day close but a long time is showing strong direction like the month of November ended which I think is trap as you agreed with me. The December rush can happen to be different this year to get price a little up just to pull in more investor who is looking for December fast profit.
The month of November that end didn't show a sign of bull for December but the price is looking good for the month and now at above $16k and close to $17k. This can be a trap with this little up movement since the last week of November. Nobody can clearly say which direction for December price on btc.
All I can see is a bull trap when the chart is viewed on monthly time frame. You are correct that the recent price pump after reaching 15.4K is due to the monthly close of candle. A wick on candle is normal during the closing of candle to fill the gaps on CME.
I would say that we might experience a temporary relief due to the effect of Christmas holidays to form a small green candle or upper price wick for the month of December. In general the chart is still not showing any bullish movement aside from low time frames that we all know it provides inconsistent trend due to crypto volatility.
I’m expecting that price will possibly hit 18K to 19K this December then straight down to 13K to 10K after this relief is over.
The month of November that end didn't show a sign of bull for December but the price is looking good for the month and now at above $16k and close to $17k. This can be a trap with this little up movement since the last week of November. Nobody can clearly say which direction for December price on btc.
Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k.But if not, the price will return to decline again and for futures traders, it is a good time to go short.
So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready.
And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction.
I disagree with calling what happened a "downtrend" or a "bear market". If you look at the charts this was a quick crash that took less than 48 hours. And from November 8-9 till today price is stable so there is no "down trend" going on just a sudden crash which unlike 2017 was a small crash (about 20%) since we used to see 30 to 40% crashes whenever such bad news came out.
I agree with you, the fall started on the 6th while it was significant on the 8th and 9th of November, it was even because it was triggered by FTX. After the price fall below $15600 on the 9th, no much decline until 21st when bitcoin falled below just $15500. But it is just that we are having monthly speculation and prediction and bitcoin fall from over $20000 to a price below $15500 in November which is what I was talking about, but in most days in November, there is no bear market, the market has been less volatile, I agree with you. Jump to: