Bitcoin might be ready to pump similar to December 2020 - page 2.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

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.

If we look closely, of course, the history and graphs of bitcoin movements must have similarities and the only difference is the nominal value.
and if true and correct then last year's movement will repeat itself this year will be very interesting and will exceed the previous high ATH, because the current price is more than double from the previous year and if it continues it will most likely reach 100k and even exceed that price. Grin

GreatArkansas

legendary

Activity: 2506

Merit: 1394

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.

Frengki_cisco

member

Activity: 790

Merit: 44

I hope so, but as far as I know every four years something like that happens, 2017 and 2020, of course expectations are like what you said and also from the graphs that you show and what maybe it will happen in this year.

My response Bitcoin is at the highest level at the moment, the possibility of a big drop, the pump is thin, that's a healthy brain I think so.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: darkangelosme on August 30, 2021, 10:11:10 PM

In my own view i think it is only a game of mind and it is up for the new beginners if they will gonna invest and i think they will, so reaching 50,000 USD or even 60,000 USD for Bitcoin is not impossible, that's why we must buy some Bitcoin right now while is very affordable.

First time I've heard someone say buy Bitcoin right now because it's very affordable. I mean, we're talking a time when buying a whole Bitcoin even in 2017 was impossible for majority of the planet, what more to say now when it's many times more in price.

Besides, even if BTC = $1m you still can buy it, your fractions simply get less and less.

Baofeng

legendary

Activity: 2576

Merit: 1655

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.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: jamietao on August 30, 2021, 10:15:03 PM

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.

It actually looks like a mini version of March to April of 2021. I'm looking at your first pic. Which is a bit scary because there was a massive dump afterwards. Is it possible same might happen again?

No one is sure what will happen next the huge pump of bitcoin in march april is much smaller than the one based on the pictures above will have to wait to see bitcoin's pump it is better if prices go up, and if they go down the same thing could happen in 2020. I think you have to analyze the charts to understand the price.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

This is what I'm confused with, with this type of analysis. It's a trend line showing almost 30-45 degrees pointed upward, and it's already concluded as the same. I'm just not convinced right away, and this is not to offend you, OP. I'm just curious how it's considered with just that line.

Anyway, based on the pictures you posted, it looks comparable, but the previous price action from 2021 is different from the last action price from December 2020. So I guess we have to wait out what happens before December 2021, and then the chances of it being the same from 2020 will be determined whether it will go higher or lower. We will see it soon.

jamietao

newbie

Activity: 14

Merit: 0

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.

It actually looks like a mini version of March to April of 2021. I'm looking at your first pic. Which is a bit scary because there was a massive dump afterwards. Is it possible same might happen again?

darkangelosme

full member

Activity: 680

Merit: 103

In my own view i think it is only a game of mind and it is up for the new beginners if they will gonna invest and i think they will, so reaching 50,000 USD or even 60,000 USD for Bitcoin is not impossible, that's why we must buy some Bitcoin right now while is very affordable.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

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

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.

Topic: Bitcoin might be ready to pump similar to December 2020 - page 2. (Read 209 times)