I do think Bitcoin's significance has been great so far since 2017.
Of course it had it's high and low moments but if you think about it there has been a virtual wall where price stagnated above the $5k.
Meaning it's best having it this way rather than being way lower than that price value.
No only that but considering other coins you can surely think and expect bitcoin to continue having a stable price and not dropping bottom till 3k (that's my thought based on previous analysis).
Topic: December’s Significance for Bitcoin: All-Time Highs and Bearish Bottoms - page 3. (Read 465 times)
December 18, 2019, 12:34:49 PM
December 18, 2019, 12:13:51 PM
Not all Decembers. 2012 was pretty slow with small rises, 2013 the 1k bull market, 2014 $150 bottom, 2015 a bullish reversal to $500, 2016 a run back to 1k, 2017 20k bull run, 2018 bottom of the bear market. This December looks like a slow decline compared to the last 6 years, but Decembers are usually really volatile, that's for sure.
Even today there was a lot of money to be made on that $500 dip.
Even today there was a lot of money to be made on that $500 dip.
December 18, 2019, 12:12:30 PM
I again see a similarity between the bitcoin price of December 2018 and December of this year. Bitcoin has all started to decline since early December and began to rise again one week before Christmas.
December 18, 2019, 11:59:02 AM
The last few Decembers have been significant for the Bitcoin market. While the final months of the year are typically associated with major price moves in the market, the last two years have seen their own, albeit very different, fireworks.
As pointed out by cryptocurrency analyst The Moon (@themooncarl), two years ago, the price of Bitcoin hit its current all-time high. The bull run that would take Bitcoin from sub $1,000 at the start of 2017 to just under $20,000 peaked on December 16, 2017.
Source link here
I would definitely expect that Bitcoin's price may go even lower after the time of this writing.
There will be some Bitcoin holders out there who are cashing out in preparation for Christmas Day.
2017 was great, last year was bad. This year, I cannot conclude that yet because the price comparison from last December to this year, it has more than double in value.
2019 isn't over yet, anything can happen. Either it would bottom to $6k or pump a bit above $7k only. Just my own thoughts guys.
As pointed out by cryptocurrency analyst The Moon (@themooncarl), two years ago, the price of Bitcoin hit its current all-time high. The bull run that would take Bitcoin from sub $1,000 at the start of 2017 to just under $20,000 peaked on December 16, 2017.
Source link here
I would definitely expect that Bitcoin's price may go even lower after the time of this writing.
There will be some Bitcoin holders out there who are cashing out in preparation for Christmas Day.
2017 was great, last year was bad. This year, I cannot conclude that yet because the price comparison from last December to this year, it has more than double in value.
2019 isn't over yet, anything can happen. Either it would bottom to $6k or pump a bit above $7k only. Just my own thoughts guys.
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