Its hard to say what will happen in December however I am pretty sure January 2021 will be a bearish month. The reason why is because many people who want to keep their taxes low will hold until end of year and on January 1 2021 they will sell their holdings. This way they pay less taxes if they fall under a certain bracket.
Keep in mind this screwed people before. Because people didn't want to sell at $20K back in Nov 2017, they waited until January 2018 and the price was already down to $11K. Hence its risky holding until next year. However I don't think there will be any rallys that month. The next 4 weeks are pretty much it so hopefully bitcoin makes most of its moves fairly soon.
Topic: December for moon - page 4. (Read 878 times)
Yeah, it seems that December, the price of bitcoin is getting pump, but then again, it is the question of sustainability. We know that $20k is somewhat a big mental barrier, so we should at least anticipated some sell off before we can get to $25k or even higher this month.
But in any case, everyone should be happy that after the flash crash in November-25-26, we have bounce back, and about to break $20k, or not. So let's see how it pan out this whole month.
But in any case, everyone should be happy that after the flash crash in November-25-26, we have bounce back, and about to break $20k, or not. So let's see how it pan out this whole month.
A good start for the month of December because the price of the bitcoin already created a new ATH, many people in this recent days are actually experienced fear when the market retrace because they thought that it is now a bearish market but the market prove that they are wrong because right now the price will break the $20,000 any time soon so it is better if we will now have alerts to see the upcoming breakout. The volume of the yesterdays candlestick is so huge wherein it indicating a strong momentum and a possible rally, I'm currently trading it and I monitoring its intraday chart for the possible plays.
Yes, the bull run will occur in December, of course, the alt seasson that many traders are waiting for I guess. Buy it now and you can sell it in mid-December when the alt season starts.
Or it will go the complete opposite. If bitcoin starts breaking 20k and upward ypu will see a lot of alts dumped because people will be selling off for bitcoin. You are playing with fire if you buy alts in a bitcoin bull run it could get ugly as bitcoin dominance is huge right now
Yes, the bull run will occur in December, of course, the alt seasson that many traders are waiting for I guess. Buy it now and you can sell it in mid-December when the alt season starts.
Be careful with that decision because not all alts are worth buying. Only few of them can follow the btc trend. Look for actual progress of their developments. It is better to check if there are existing developments going on rather than hoping that someday that alt will rise for no reason. Not many alts have active development team so be careful with the alts that you will venture into.
Yes, the bull run will occur in December, of course, the alt seasson that many traders are waiting for I guess. Buy it now and you can sell it in mid-December when the alt season starts.
Close to the days of Christmas the price will peak high or it'll drop drastically. By the time we can see large number of sell orders, and this is connected with the spending for Christmas. The same will be tried as a manipulative point by the whales creating some panic, stating the sell were made out of panic. This way the market could also get disturbed. Everyone are much into the belief of making good out of the bull run that has started.
I honestly think we'll be stuck where we are for a while. I think there will be resistance to going past ATH
I agree. I think we might see 22k ish but the sell pressure from people regaining their losses these last couple years is going to be big. If we get a massive influx of new money then it could creep to 30k, but as the badger has shown us before no one can for sure know what it shall do.
Everything will be basing on the demand because that's the only way for the price to soar up in new heights and that probability will always be unknown and this is what makes this market way too unpredictable.
Basing up on history then we cant really remove on majorities mind that the last quarter of the year would really have that kind of sentiment on where people do always longing
for some possible bull run.This had been anticipated on past years when the month of December do approaches.
It do turns out that this month do always be the starting off point for some possible good runs.
I honestly think we'll be stuck where we are for a while. I think there will be resistance to going past ATH
I agree. I think we might see 22k ish but the sell pressure from people regaining their losses these last couple years is going to be big. If we get a massive influx of new money then it could creep to 30k, but as the badger has shown us before no one can for sure know what it shall do.
Yeah, there will be a huge selling that'll happen again at this current level of price. Quick sellers might not done selling yet. But once Btc get pass above $20,000, there will be a good chance for it to chase the $25,000 mark.
Institutional investors, big companies, and big names are still entering the crypto market, and they're the key for Bitcoin to push through a 6 digit figure.
I honestly think we'll be stuck where we are for a while. I think there will be resistance to going past ATH
I agree. I think we might see 22k ish but the sell pressure from people regaining their losses these last couple years is going to be big. If we get a massive influx of new money then it could creep to 30k, but as the badger has shown us before no one can for sure know what it shall do.
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Looking at the market, it is understood that buyers are in full control. I think we will cross 25k to 30k throughout December. If this bullish trend remains active until January, then we will start next January with 30K price. To fill up the CME gap it is logical that there could be a price reversal setup towards 14k to 15K after touching 25K price. My expected price is 40K within 2nd Quater of 2021.
I definitely think it can happen again, which would be very cool. But remember that the whales always choose the direction 
From the past records of the bull run season, December period has always been a mooning season where almost all coins gain new ATH. This was exactly what happen during the 2017 bull run. We can say that this is a Characteristic of bull signal. One thing to note for everyone is not be carried away because at the tail end of this moon season there is usually a flash dip. Let's be wise, enjoy the ride and take profit. If otherwise happens such that December happens to be a dip season, then the bull run we are waiting for is yet to come.
Let this be a bull run litmus test.
Share your opinions!
Let this be a bull run litmus test.
Share your opinions!
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