Bitcoin might be ready to pump similar to December 2020

kotajikikox

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Quote from: bbc.reporter on August 30, 2021, 09:43:09 PM

I am not quite certain about this, however, this might be a similar set up for bitcoin on December 2020.

There as some similarities but isn't so early to view this that way? because we have not even entered the last quarter of the year meaning
the positioning might change in the certain time so best not to expect that much but be ready either.
and besides December last year is not that we must wait for comparison instead the incoming 2022 1st-2nd quarter in which what did happened this year.

Quote from: Boov on September 01, 2021, 06:39:30 PM

Absolutely, most of us desires to see bitcoin pumps again just like what happened from the past. Same trend applies but in a different price, because December 2020 I remembered bitcoin was at $20k that time but for now predictions tells us that it would probably reach up to $60k or higher.
Some poll survey said exactly at $100k, but we're too early for that certain price to celebrate. It may take time to see it happening, so let's just stay calm and go with the flow.

We desires but we are most of the time failed.

best not to look at that genuinely instead wait for what to come month before December in which November .

Fundamentals Of

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Quote from: STT on September 01, 2021, 11:02:48 AM

September is a very uncertain generally negative month for mainstream markets in historic record. I think correct stance in this exact moment in time is best suited to caution and if we prove resilient then BTC might appreciate better in the last months of the year. I see the start of a pullback here, if it fails then I'll change my mind.

This is still too early to tell because we have just entered September, but it looks like the month has opened on a very positive note. Today is September 2 and yet we can see that the price has already risen to probably attempt another round of breaking $50,000. It seems Bitcoin might succeed this time around. There was a quick consolidation of the price. We cannot tell whether it was enough for Bitcoin to have developed the strength to break the resistance and go straight to $60,000.

Boov

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Absolutely, most of us desires to see bitcoin pumps again just like what happened from the past. Same trend applies but in a different price, because December 2020 I remembered bitcoin was at $20k that time but for now predictions tells us that it would probably reach up to $60k or higher.
Some poll survey said exactly at $100k, but we're too early for that certain price to celebrate. It may take time to see it happening, so let's just stay calm and go with the flow.

Hypnosis00

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It might have a different market view this coming December compared to the last year 2020 but I was still believing that we are still in a healthy market and in an uptrend motion. With the current market momentum, it was really having a chance for the new ATH will come, I'm not thinking about $100k as it seems impossible but saying another $60k is quite possible to reach.

But on the other side,
Well, of course, there is a need for us to be aware of the situation that dumps are also unpredictable. Just a need for us to be prepared for any possible scenarios, not just to focus on the positive side but also to think about the negative ones.

Baofeng

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Quote from: wxa7115 on September 01, 2021, 04:58:34 PM

Quote from: Baofeng on August 31, 2021, 03:00:04 AM

Everyone is expecting a big pump at the last quarter, so yeah, we could see similar pump or even in the higher end come December. And many of us have predicted a $100k or more price this 2021, and so it seems that there is a positive sentiments about it. Also we have Taproot in November, I think this one will be huge for the market as this will be the catalyst for the eventual run to 6 digits, so it's very exciting year end run again.

The story is repeating itself, during the 2017 bull run we had the activation of segwit and this was one of the main reasons why bitcoin grew so much at the end of the year since this allowed developments like the lightning network to take place and which are slowly gaining popularity.

Right, who can't forget the 2017 bull run? Segwit and then we have the bitcoin future contract offerings (CME and CBoE) that really fast charge the bull run to almost $20k ath that time.?

Quote from: wxa7115 on September 01, 2021, 04:58:34 PM

Now we are seeing the same, after an early growth during the year we saw a correction and then the price remained stable for some months preparing the stage for another update on the network and a huge bull market at the end of the year, it is better that people prepare themselves as I think bitcoin could reach even 200k during that time and if many institutional investors reveal they have been accumulating coins in secret the price could go even higher than that.

Hopefully, history repeats itself at the end of the year. The prediction is at least $100k minimum, so hopefully we can reach it with many institutional money coming in and of course retail investors who doesn't want to miss the bandwagon with FOMO in the last quarter.

Oceat

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Quote from: STT on September 01, 2021, 11:02:48 AM

September is a very uncertain generally negative month for mainstream markets in historic record this exact moment in time is best suited to caution and if we prove resilient then BTC might appreciate better in the last months of the year. I see the start of a pullback here, if it fails then I'll change my mind.

I just saw how Bitcoin pump today after dropping to $46,500 it suddenly pump back to $49,000 I don't know what's happening but this is odd actually. It doesn't seem like a trap for me but I'm still waiting if September is again a cursed month just like what happened in the last 3 months.

If ever it will break the $50k resistance and proceed to touch $60k we might actually see a new ATH here or nah traders and whales would dump it back to $49k, I don't know. lol

wxa7115

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Quote from: Baofeng on August 31, 2021, 03:00:04 AM

Everyone is expecting a big pump at the last quarter, so yeah, we could see similar pump or even in the higher end come December. And many of us have predicted a $100k or more price this 2021, and so it seems that there is a positive sentiments about it. Also we have Taproot in November, I think this one will be huge for the market as this will be the catalyst for the eventual run to 6 digits, so it's very exciting year end run again.

The story is repeating itself, during the 2017 bull run we had the activation of segwit and this was one of the main reasons why bitcoin grew so much at the end of the year since this allowed developments like the lightning network to take place and which are slowly gaining popularity.

Now we are seeing the same, after an early growth during the year we saw a correction and then the price remained stable for some months preparing the stage for another update on the network and a huge bull market at the end of the year, it is better that people prepare themselves as I think bitcoin could reach even 200k during that time and if many institutional investors reveal they have been accumulating coins in secret the price could go even higher than that.

Oilacris

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Quote from: ?? on ??

Quote from: arwin100 on September 01, 2021, 05:47:14 AM

Quote from: ?? on ??

~snip

We cannot forecast how the price goes since volatility is unpredictable but actually there are certain instances that we can check how market will go thru the chart although we cannot fully trust since the result is not accurate but somehow its a great help for traders on what they need to do to ride up the current volatility happened on certain period of time. forecast is meant to be taken as guide not to be hype and if you get FOMO for certain happenings then you might lose your money traded at that time.

I agree it's not an accurate forecast due to volatility but in the grand scale of things, the pattern that bitcoin forms is always the same for over a decade, I mean the halving yielded the same result which were pumps after they happen.

Some people said that all time 63k high is already that 20k ATH wayback in 2017 but its not really that much a guarantee because it would be always unpredictable.It might pump or not because these

questions had been always in each years passed where we do presume that ending months is one of the indications for us to think that price would shoot up again.
For now the best thing to do is to buy when cheap and take chances for you to get in while it isnt really still on peak but of course, always mind about the risk.

lixer

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Quote from: arwin100 on September 01, 2021, 05:47:14 AM

We cannot forecast how the price goes since volatility is unpredictable but actually there are certain instances that we can check how market will go thru the chart although we cannot fully trust since the result is not accurate but somehow its a great help for traders on what they need to do to ride up the current volatility happened on certain period of time. forecast is meant to be taken as guide not to be hype and if you get FOMO for certain happenings then you might lose your money traded at that time.

I agree it's not an accurate forecast due to volatility but in the grand scale of things, the pattern that bitcoin forms is always the same for over a decade, I mean the halving yielded the same result which were pumps after they happen.

In the very long term bitcoin is something that goes up, that is literally all that we have that we can prove right now, that doesn't mean that we will not be able to do something similar again or something different but bitcoin is a long term thing and that will always be true. It means that if you want to find cycles and patterns then you can find it, all you have to do is just keep on watching bitcoins price going up, that is all you have to do and nothing more.

I understand that you may find some patterns yearly or every halving or whatever but just because those were the specific times that price went up doesn't mean that it will be the same thing every time, the only true part in that is the fact that bitcoin will go up and that's it. I personally like to see bitcoin go up a lot so I create time periods as well but I never really rely on them at all.

slaman29

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Quote from: pooya87 on August 31, 2021, 11:09:04 PM

Considering the fact that price rise has been behind the 2017 schedule by a couple of months and we are still in a reverse bubble and haven't even gone back up to the intrinsic value, I don't see December being the "pump" month like it was in 2017. We'll have to see a lot of rises and reach at least $250k then see the sudden "pump" that happens from time to time in bitcoin world leading to the final bubble at $500k.
This can only happen next year.

I'm really hoping this turns out to be the case, that this rise goes into 2022 without blowing up by December. I'm ready for a long period of gains followed by the years of pullback, but it's going to be painful if we see another big blowout by December.

You say final bubble, but you mean for this cycle I think? 500k seems so far away tbh.

STT

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September is a very uncertain generally negative month for mainstream markets in historic record. I think correct stance in this exact moment in time is best suited to caution and if we prove resilient then BTC might appreciate better in the last months of the year. I see the start of a pullback here, if it fails then I'll change my mind.

arwin100

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Quote from: xSkylarx on August 31, 2021, 11:13:01 PM

Well, if this happens, that is fantastic news, but we can never forecast the price because the market is so volatile. However, if this occurs, we will all be delighted, and those who occupy the position will leap for joy. I don't have a bitcoin right now, but if the price rises, I'll be thrilled.

We can't forecast because of the volatility but we can still believe that forecast especially the pattern has been repeated over the years and if you think about it, bitcoin despite being volatile renders the same pattern every year and it only continues to ascend in prices so I don't think that we don't have to believe that forecast, just don't get hyped or dragged by the hype.

We cannot forecast how the price goes since volatility is unpredictable but actually there are certain instances that we can check how market will go thru the chart although we cannot fully trust since the result is not accurate but somehow its a great help for traders on what they need to do to ride up the current volatility happened on certain period of time. forecast is meant to be taken as guide not to be hype and if you get FOMO for certain happenings then you might lose your money traded at that time.

Lucius

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Quote from: pooya87 on August 31, 2021, 11:09:04 PM

~snip~

Your explanation makes sense, although the next 4 months are potentially very promising if we look to the past -but we also know that the past cannot always be repeated. Some experts (if we can call them that) are also more inclined to believe that something big will happen during 2022 or even 2023, and maybe they are counting on the first BTC ETF to be approved in the US - which everyone agrees will result in with an incredible jump in price.

I doubt that news of El Salvador or Fidelity speculations can have such a big effect on price in such a short time.

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I am sure many of us are waiting for the bitcoin price to have a pump like before.
It could happen anytime, but many speculations say that in the next few months or before the end of this year, the pump can come and increase the price.
But besides hoping to see the price jump higher, we need to be ready if our hope is not coming because there are no accurate signs for the market telling us when the price will get a pump.
But we will not see the same situation and conditions as what we saw before because this year, many companies are involved in crypto and already invested in big money. So we can just wait for more and hopefully, the price really gets a pump from this month until the end of this year or next year.

xSkylarx

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Well, if this happens, that is fantastic news, but we can never forecast the price because the market is so volatile. However, if this occurs, we will all be delighted, and those who occupy the position will leap for joy. I don't have a bitcoin right now, but if the price rises, I'll be thrilled.

pooya87

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Considering the fact that price rise has been behind the 2017 schedule by a couple of months and we are still in a reverse bubble and haven't even gone back up to the intrinsic value, I don't see December being the "pump" month like it was in 2017. We'll have to see a lot of rises and reach at least $250k then see the sudden "pump" that happens from time to time in bitcoin world leading to the final bubble at $500k.
This can only happen next year.

bbc.reporter

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Quote from: Kyraishi on August 31, 2021, 07:17:21 PM

I think that we're probably going to see a top soon to be honest.

$50k is a psychological barrier that seems to be posing significant resistance. Unless this is breached in a week or two, I think that the bears will likely see a resurgence and BTC prices will regress to around the low $40k's, high $30k's.

Still long term bull on bitcoin but this sort of bullishness cannot last forever in the short run.

Your speculation is with the trapped shorters who appear to be remaining in a stage of disbelief and might also be risking to be short squeezed. I am only speculating myself based on the data on open interest and funding rates, however. I might be wrong and this market might be in a stage of complacency.

TravelMug

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Quote from: GreatArkansas on August 31, 2021, 09:40:27 AM

Very possible that history will repeat itself.
What happened last December 2020 is possible these days. But we should also consider the price before it was around $20,000, and now the price of Bitcoin already doubled from December 2020. But the key here that is important to look forward to is we are also near on the all-time-high, $60,000. So breaking the ATH will probably same as what happened last December 2020.

Whether we follow the 2013 pattern or 2017, all speculation seems to be pointing to the same thing, the price of bitcoin will go above $100k. And so far, we are still in target as we have breach $50k again this August.

So the first thing we need to see is if we can break and established a new all time high (above $64k), and most likely as we have seen the price reaching $50k already. So for September, $60k is possible going to the last stretch of the year.

Kyraishi

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I think that we're probably going to see a top soon to be honest.

$50k is a psychological barrier that seems to be posing significant resistance. Unless this is breached in a week or two, I think that the bears will likely see a resurgence and BTC prices will regress to around the low $40k's, high $30k's.

Still long term bull on bitcoin but this sort of bullishness cannot last forever in the short run.

milewilda

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Quote from: bbc.reporter on August 30, 2021, 09:43:09 PM

I am not quite certain about this, however, this might be a similar set up for bitcoin on December 2020.

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What I can be quite certain of is traders and whales are opening long positions in the futures market. This is indicated in the advancing on the open interest in the perpetual futures market together with the slow growth in the price of bitcoin.
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Im not really a fan on going back in the past even just seeing some patterns which we do presume that it could happen also into the future but the probabilities is there since nothing is impossible
and everything is really unpredictable but based off on how bitcoin moves then theres no such pattern that could give out precise prediction on where it would be heading.
It is just people cant really just forget that everytime were heading in the last months of the year then we do already presume that the price might really be having
those new ATH pumps kind of movement.

Topic: Bitcoin might be ready to pump similar to December 2020 (Read 211 times)