Topic: Bitcoin sentimental poll and discussion for December (Read 347 times)

If the voter who has voted that bitcoin will not increase more than $100k has not bought some bitcoins for his Christmas wallet and for his New year's resolution, it is not too late according to VanEck hehehehehe. VanEck has predicted that 2025 will have a much bigger bull market than 2024.

All these Christmas present that you will receive, sell them to buy more cryptocoins heheheh.



If you missed out on the surging crypto market in the latter part of 2024, you might still have a chance to get in on the action.

According to VanEck’s 2025 predictions, the coming year could have even more in store, including another leg up for Bitcoin, a potential resurgence of NFTs, and breakthroughs in decentralised finance.

“We believe the crypto bull market will persist through 2025,” VanEck states.

Read in full https://www.dlnews.com/articles/defi/missed-2024-crypto-boom-vaneck-says-2025-could-be-bigger/

Six figures have already been achieved currently but we're yet to know how high it could get, we're in a bullish season and I think it would continue to remain bullish till the rest of the year, though their would be some corrections but then I think it would maintain six figures till the end of the year, Bitcoin has shown potential to grow higher, the six figures it's in currently is a prove and there's a possibility that we could see it go higher, I believe it would progress and  beyond the current ATH before the end of this month, we're close to the middle of the month and therefore the possibility of that happening is positive and I believe that by January, those who are still reluctant in building a better portfolio or hoarding more at this current price would regret to taking a bold step when it makes a massive progress by next year, let's see how it goes though.

Generally the cumulative movement of Bitcoin has been bullish since it's inception just that it's not an instantaneous flow of bull, it makes some corrections and still moves up wards, of it weren't then the price of Bitcoin would have remained that which we have known after it's inception but since then it's made some very tremendous massive progress which has created that disparity in the price variation but then this December it may take some time to make some corrections and may further proceed by January because it's been moving bullish in the past months before now.

2 day average underpins the last prices today and its actually aligned with the weekly average making it fairly important for BTC to gain right now rather then later.  The highs are the same its been for a week and Ive drawn in resistance there as it seems correct at least short term.

With Dollar index also higher since the election its fair to consider BTC will trade sideways and consolidate the gains rather then continue with a trend of gains across December also.

And looking at the votes, it seems that we have anticipated that $100k will be broken, although I thought that it could be with the last week of this month. But bullish cannot wait for it and so they decided to make a push for it in the last 24 hours.

Although there is some minor dip to $96k, the price is still going strong and now at $98k and I wouldn't be surprised if we are going to touch that $100k before the end of the year. But this time, no more correction, as it could be the resistance and obviously we are going to look at the next barrier of $110k. And then 2025 could be the biggest price jump that we might have seen, and it could be record breaking. For now, every celebrating that $100k specially long term holders.

People should not underestimate the price of bitcoin during bull market. More people chose that bitcoin will decrease below $90000 but see what happened. Some 14 hours ago or more, bitcoin got to over $100000. Its ATH now is $103900. The price has started to decrease a little but still above $100000. Let us see what will happen next but I a will like the poll now.

Speaking of things changing rapidly, after I posted this last night, the price broke $100k resistance while I was asleep!

Bitcoin is still significantly undervalued and that usual "big bull run" which we see in different halving cycles (like 2017) has not happened ever since 2017 which makes it even more undervalued.
The problem has always been the global economy, the first hit was the COVID recession that prevented that big bull run with a bubble ATH in around 2020 and the second hit was the NATO-RU conflict that created energy crisis and again recession which prevent that big bull run in 2023-24.

Breaking $100k and entering 6 digit price level is a good sign showing that despite all that, Bitcoin adoption is still growing...

This is December which is a very busy month and people spends money extravagantly on Christmas fantasies and all that within this festive period so most investors might still be faced with the festive expenditures and may not think much about making accumulations again and since the price of bitcoin didn't get to $100k as almost everyone was hoping, some investors have already lost faith in the price reaching $100k before the year ends so i feel that this month will be a kinda slow in the price movement of bitcoin and we might just be experiencing backward and forward slow movements but i don't think the price will go below $90k neither will it approach six figures.

At least I'm optimistic about a big rally this month and the price will break $100k. It's up to other people's opinions, what is clear is that I still think the pattern of 2020 will be repeated in 2024, especially regarding the last 3 months towards the end of the year. In 2020 the market was really positive for 3 consecutive months between October, November and December, so I hope the same thing happens again this year.

But I agree with pooya87, sometimes it doesn't live up to expectations.

I voted sideways because I don't think at the end of the western year we can see a major resistance being broken without any major positive news coming out. But at the same time I don't see any reason for any kind of crash for the price to go lower.
So the only remaining possibility is to stay between $90k and $100k for now.

But things are changing very rapidly in the world which makes everything a lot more unpredictable.

I voted "staying between $90000 and $100000" in this month so that means the price can be at sideways mode. But that can be change if many positive news coming to support Bitcoin price so the price can be lift to the high price. If that happens, Bitcoin may break $100,000 before 2025 and gives a good situation to the crypto market. This few days, the price not going to anywhere high or low and stay at the current price but Bitcoin can surprise us as usual so we can only be ready for anything that can happen. If you want to sell your Bitcoin at $100,000, you should prepare your order sell and wait until your order fill.

Shouldn't even be a question really but its true that ATH pricing on Nov 22nd  stayed above current BTC price action now for over a week.   I dont think the current drift represents a stall situation where BTC is inevitably going to trade downwards but it might still do that.

BTC remains above 2 day average, yesterday was a test but its passed and recovered that blip down brief enough to dismiss now.   BTC price also remains above the weekly average but we have not so much momentum in this area for now.

What happens while price trades sideways is various medium term averages will catch up like the 50 day average at 82k  but thats already above the old ceiling in the 70k pricing.  I have no real negative outlook for BTC as its unlikely to trade below these levels again, we can only question the likelyhood timing and depth to any pullback.

A scenario which might happen is trading above 100k then falling, as if this round number could mean anything.   Even doing that BTC should be bought as the ceiling would be so soft its just a gift of a lower price as we will have sold against no real resistance in this area, by default its bullish till proven otherwise.

I will vote 100k as if we traded downwards its most likely after a sharp attempt upwards, failure or not that counts for this poll.

just matter of how many time BTC gonna retest resistance at that level, at every retest supply wall will get drained, eventually the $100k will be left with very small sell orders, but the good news is, since it seems the sell order are just centered around $100k anyway, we might see same rally as to when BTC just broke through $74k-$76k, same scenario will play out and BTC could very well be jumping really high as high as $130k a bitcoin which gonna be wonderful.

current supply wall is just people short term investor who want to realize their gain, however us the long term holders gonna see an even higher price just wait until mid 2025.
BTC probably gonna defy our expectation.

I don't know if bitcoin price will breakout in December but since hitting $99k so far, it seems like bitcoin is moving sideways. If you check BTC.DOM you will see it has dropped significantly and that is why the altcoin market is booming again. As bitcoin dominance is declining, we cannot expect bitcoin price to continue to rise but instead, the price will gradually decrease and move sideways. Although, I voted for bitcoin price to cross $100,000, the sideways scenario is entirely possible as it has been happening.

I voted yes as a matter of supply and demand. The big demand will start in 2025 but during this December ETFs will continue to buy bitcoin, Saylor as well, and other companies that are slowly joining in will do so as well. In the $100,000 range there are many sell orders but after a few close calls there will not be so many and the time will come when the price will be clearly beaten.

voted for BTC going up beyond $100k, we're literally just $450 away from $100k with the previous ATH, i refuse to believe we won't break that resistance, with the news of strategic bitcoin reserve brewing, it's going to be a big trigger for massive rally waiting to emerge.

though we've got pretty mixed up feeling about december and seeing from historical monthly gain in december there are plenty of reds. I would only expect there to be small retracement and then BTC is going up after ward.
moreover, I think retailer aren't still bullish enough for BTC, most of BTC move still heavily dominated from institutional investors buys up. just wait until it break psychological level of $100k and people are getting FOMO'd price will jump up.

Why would we have doubts though? I mean last month we have the biggest in history as we have gain $26,000. And with that, the sentiments are very bullish still because we wanted to target that $100k that we all have been wanting to see. So for me, I will be bullish and voted Yes as I don't see that we will go into sideway pattern, but instead will continue to grow and break that $100k as that is what everyone is wanting and so, then investors are going to push for it. It could only go sideways if we chooses to go to altcoin market and squeeze some profits for this month. But I'm not seeing any good altcoin that will give us that profits and so investors are still going to stick with Bitcoin and then see that 6 digits finally this month.

December is a special month, if we take only working days of where all the biggest trading exchanges are open to agree on the daily price there are few days left in this year.   Even in a normal month this could be 20 days but in December because of holidays in some countries we are talking less and including personal holidays far less for some.

Bitcoin of course is special, its not just another asset another price on the screen of a trading terminal.  It doesn't even need those people bound to centralized markets and Im not saying otherwise.
  I do imagine volume counts most in terms of significance for the prices we trade and thats only really available during a full working week, we wont be seeing too many.  Some people write off the whole of this month for importance and January start is where they next pay attention.

Also some people buy or sell during December for end of 2024 because of tax and portfolio reasons?  I dont quite get that because tax means April for me but BTC is traded by companies and funds so no doubt anything can happen this month  

I think 6 figure will be achieved before 2025. But if 6 figure is not achievable before 2025 then it will not be less than $90k Either before 2025 Bitcoin may be hovering around $94k $96k and $97k this end of Q4 and hit $100k in Q1 2025. So it's under probability and or speculation. So apparently I am voting from $90k to $100k.

6 digits is what is expected but December is still a lot of doubt because it is not a bullish month in some other history, but it is possible that it will not happen but hopefully 6 digits will be completed soon this month.
If it stays between $90K and $100K then this month is more sideways.