Topic: December’s Significance for Bitcoin: All-Time Highs and Bearish Bottoms (Read 465 times)

Halving is one thing, like it is directly related to bitcoin itself and how it functions and people being upset that price didn't go up after halving is understandable, surely you shouldn't sell or get out because it didn't drop, you can still wait months even a year before you can see the affects of it.

However, the biggest shock to me was when BAKKT first started, people literally sold all their coins because "bakkt volume was lower than expected", mate this is not bitcoins fault, why are you selling your bitcoin for something bakkt did, sell your bakkt shares if you have any or a partner of that company but if not just keep your damn bitcoins since what bakkt does or does not have nothing to do with bitcoin. Telling those people to not sell their coins after halving will be very very difficult.

the price of bitcoin on December 31, 2019 yesterday was 7200. and currently the price of bitcoin has reached $ 8500. I hope this is a good sign that we will enter the bull market in 2020. and hopefully big events or things related to cryptocurrency will occur in 2020 that will have a positive impact on the price of bitcoin so that at the end of this year bitcoin can reach a price of $ 20,000.

Without a doubt that is a foolish thing to do but it is not like investors always take the right decisions, there were many instances in the past in which investors put their money into an asset just because they wanted to earn money really quickly.

And the perfect example of that was the bubble of 2017 when many people that have never heard of cryptocurrencies decided that was a good moment to enter the market just when it was reaching a new all time high almost every day.

Why would people lose hope if btc doesn't pump after halving? I mean it's a bit foolish to get into bitcoin expecting returns on a certain point, right? Since nothing's really certain about anything in crypto, if you're now expecting a price surge after a certain event, you're already setting yourself up for disappointment. The coming halving may or may not improve the price significantly like before. But i didn't buy and held btc just for that.

during the month of December some bitcoin holders always predict that the price of bitcoin will go down. because many people will sell their bitcoins for Christmas and New Year celebrations. I think this statement is not entirely true. because even though there really are people who sell bitcoin for Christmas. but it will not have a big impact on the price of bitcoin because the amount of bitcoin sold is not large. and I think the decline that occurred in December is something that is common in bitcoin fluctuations.

that would be devastating to bitcoin in a long run then. The thing is that we must pump around the halving, otherwise many people will lose hope in btc and decide to sell it off. If we don't want to end up with the price plunging down, we have to pump soon. However, I must admit that december this year was useless just some chopiness to mess people up

I can tell you. 2019 December will be pretty much stable. No change in positive or negative. Probably 2020 will be not much different.

Most likely, we will survive the very period that we spoke about earlier, when the cryptocurrency market makes a correction, thanks to which many unnecessary cryptocurrencies will leave the market.  The fact is that many cryptocurrencies on the market, including some altcoin, supported their price solely thanks to speculators, which in turn prevented other projects from developing.  Perhaps due to such a development of events, we will get rid of junk coins in the cryptocurrency market.

I think the 2 bottoms this year was good enough for an entry into bitcoin especially when the market was bearish when you try to accumulate. The 15k$ bounce back was also there were nice profits to made if you knew when to sell and buy in all this bearish market that is not over it seems the breakout is there but cannot move further for now. I'm worried also a lot about altcoins...this time for real only a few of them will make it.

The end of the year has always been a great spike for the crypto market but this year and last year has been quite down. But let's not forget, i think this year is better than last year. The heartbreak of most crypto enthusiasts is that many were thinking the end of the year can see a short bull run of bitcoin but this did not happen. Let's hope we see a great rise in price by the middle of next year.

Yes this year is no different as we have always witnessed price dump during the end of the year owing to holiday season but there are users who always expect a bull run every December. The year 2020 will bring a change to Bitcoin for sure due to halving.  We need to stop expecting a bull run anytime sooner.

Maybe there are superb movements on December because it is a decision time for many people? Think of new years resolution, that means on December there are a lot of people who are trying to start the new year fresh and they are trying to make big decisions that will affect the whole year. Sure, most of us fail and stop, I have quit smoking on the new years probably 10 years in a row now and I still smoke, hopefully one day I will quit.

However, bitcoin is not like that, it is not a continuous problem that people have, if you want to quit bitcoin you just sell all your money and never look back (or maybe you can come back later on) or you may just want to decide that financial freedom is too important and you want to get rich too. So, every December (and even November) there are big moves since millions of people make decisions collectively about bitcoin.

You don't have to feel jealous because you will have your time to see the bull run comes. We will have that experience again in the next year or 2021, but you need to prepare yourself by making many bitcoin from now, so you don't be late to join with the other people to sell bitcoin. I am sure that we will make a big profit in the next years so we still need to focus on making more bitcoin otherwise you will regret it again because you will need to wait for long to see bitcoin at the highest price.

I felt jealous because I was just getting started by that time. Making fortune but not totally a property of my own. Lots of people are missing that golden time again, and we may yet experience it again in 2021? Do you think guys? My basis are the last 2017 bullrun was made by halving in 2016. So, if halving would happen in 2020 bullrun might happen a year after then. Well, anyway just a thought of mine but still who knows right?

Every year in December we have the same discussion. How December influences Bitcoin price, why price falls down and how much will Bitcoin rise next year, will 2017 price scenario repeat again?
I think that current price correction doesn't have anything to do with December or increased activities in.exchanging to fiat, it would have happened anyway. Also, I don't expect bigger price jump next year, 10000 in first six months could be the peak.

2017 was exceptional for Bitcoin and the whole crypto market. The first half of 2018 was better though but the rest of the year everyone wants to forget and go forward, and the December month was full of bearish. This year I would say was very normal, the price of Bitcoin went to a good high at 13.8K USD, and the December month is ending with 7.2k USD, which is better than 2018. Only 4 days left to end of 2019, I don't think Bitcoin price will hit 8K or decline to under 7K, it can stay at 7K USD zone. Maybe the next year we will end the December month as like 2017, who knows!

I do not invite people to spend their money to buy even those are their decisions, to be honest I do not use Bollinger indicators and I only use MACD and RSI indicators that are far more sufficient, we need to know the indicators we use to analyze do not provide we have any impact on reading charts in the future because it was the trader who made it not us, so who determines trends in the future whether it is an indicator of bollinger or traders?

now what we know is that all traders' brains already know about 2020 halving, whether it will create a new trend when they assume and say it's time, any indicator will change, because we analyze and traders make the charts directed, we are not analyzing but traders and investors who make charts can surprise anyone, a few weeks will determine the price of the next bitcoin, hopefully it's surprising 

I didn't expect more from bitcoin this year, even though every end of the year has happenings. At this time, I don't see something will happen special. It is just a normal end of the year for bitcoin I guess. The price now is getting lower because of holidays and that's what I observe every end of the year

I'll call it short term and we are in a moment of indecision where we align many time frames into similar pricing.  7222 to beat basically



This could be taken as a range bound trade, I would guess something along the lines of we repeat within the boundaries of this box.   Us being towards the upper range of that box.    What I mean by multiple time frames is the 2 day average, 8 day and 30 day average pricing are all at our current pricing and I want to see 7222+ or better pricing confirm to change my mind on us likely looping prior action as shown.
   That is before we consider wider implications of price history, obviously I marked 7400 on the chart.   I'll go with the KISS principle for now.




For me BTC is like trying to predict weather on the dark side of the moon, how can I estimate what I cant see.  Its very hard for me to know how Asia will act, its not a culture or body of people I can really say I know well enough.
   We have a strange dichotomy in Bitcoin where we got western users who dont exactly require BTC but we also have failed states who do really need the utility of BTC for various reasons.  In the end I think we'll all find a greater use for BTC in future then now but so far as saying Xmas is an influence then no its only minor.  The world is massive and so many people and countries arent based on christian festivals, I reckon those people are a driving force long term.    I just rely on price and graphs and I hope its not too distorted to show me a fair picture of users collectively.

Year by year we cant really conclude that price and its movements would really be the same.We already see the difference and we therefore conclude that theres no such thing
on what we called "patter" there are lots of factors that do affect movement.

To the thing you had said about Christmas celebration sell-off, so far we havent seen it yet the price decrease a few weeks ago isnt really that big of a gap to consider a sell off
but rather an ordinary day of volatility.

I think the time of year is completely independent of the price. I think there are many factors at play that affect the price such as economy, regulations, recent news, and specific events related to Bitcoin such as the halvening.

If we compare the market price movements two years ago with now there is clearly a big difference, but the fact is true as you said before there will be a decline in market prices because most people will choose to sell bitcoin to be converted into cash because there will be a Christmas celebration, and that always happen every year. but usually after that, market prices will rise a bit, and I also predict bitcoin prices will be in the range of $ 8000 until the end of this year

Well december is the end of the year after all. We can actually say it's like a moving phase for BTC, one that can actually be considered quite big for it. At the moment, BTC has pumped to 7k, turning its back from the bears of 6.6k. However, it is only the half of the month. The end season still hasn't really sinked it, so yea, anything could really happen. But I assume BTC would actually continue like this, playing with the bears, and only till next year, would it actually fight back properly since it's halving is already just by the corner.

December 2017 was the best year of crypto so far, not only for bitcoin because altcoins did shine that time and even shine more than BTC, but thanks to BTC for reaching an ATH as it triggered a FOMO.

We all miss that moment especially those who really made money that time, I'm sure some people made a fortune that bull period and personally I have acquired properties out from my profit that time, with my combine profit on investment and bounty income, I am really so thankful on that special event in the crypto space.

I look it this way, December 2018, price is $3200, now, we have $7000.

However, I'm looking at the lowest low, $3200 this price will be the starting point when we go on another cycle and achieved all time high again. From that price, it will show many many days we are going to get to get to another alll time high, will it be 2000 days if we're going to based it on the last bullish run?

In any case, you can’t give away the last money from your home budget for investments in the cryptocurrency, especially in such a difficult period for the cryptocurrency market.  I also get the impression that at the end of the year, almost every year on the cryptocurrency market there is a strong decline in prices.  Although the end of 2017 was completely different.  But if you recall 2018, when the price dropped to $ 3,000 for Bitcoin and $ 75 for Ethereum, then that period did not portend such a strong decline in prices.
But according to many analysts, the bitcoin rate should change very much, since a narrowing Bollinger channel has formed in the bitcoin chart.  Of course, these indicators can also affect the price of many cryptocurrencies.

bitcoin for the 2-year bear market and for the 2-year bull market, if you see the end of the year in the bear price will go down the same as last 2018 and 2019, this is reversed when 2016 and 2017 are 2 years in the bull market, 2020 and 2021 I have analyzed that it is 2 years for the bull market, see again we have 2 years in the 2018 and 2019 bear markets the same as 2014 and 2015, so I will still wait for the whales to play at their lowest prices until the end of this year or they stop playing at a low price again until early next year, I do not expect anything because I only do speculation and history that is usually repeated, Don't buy bitcoin if it hurts 

Bitcoin is only briefly below $7000, just a few days and right now hold its position above $7100.
We have 12 days left before the end of the year, yes anything can happen, but not in a significant number, probably bitcoin price will set around $7000-$8000 by the end of the year.

In December there is nothing special about the rise in bitcoin prices but it will be at $7,000 until the end of the year, if compared to December last year it was clearly very different and this time it will approach halving a little yielding at the $7000 level.
And in December this month it is good that we plant well when there is pumping so we can sell it well but other analysts see that the increase at the end of this year is not significant.

Welcome to December. Or rather, welcome to Months? Bullish or Bearish, pump or dump, BTC has done that all these months, all these years, and not one month was excluded for its growth. Just the fact that each December of the 10 years of BTC had different results should show that nothing is really unique about December. Just that it's the end of the year. It's not like how it's a new change/new world every year for BTC. It's more like every year new traders, new coins, and new development of BTC come and go. But as for BTC's price, well, that's just supply and demand.

i don't see any significance in month of December, not anymore than any other month of the year. the funny thing is that almost every month people say "this" month is important and we see something significant "this" month. and nothing out of ordinary happens during any of those month, it is just bitcoin doing its thing going up and down regardless of which month we are in.
the only thing i could see about December is that being end of the year and the fact that people are busy with other things could potentially mean less market activity. that's all. but that doesn't mean either fall or rise.

However, predictions aren't always exactly, day by day it seems like bitcoin isn't more shining or not well developed on the public, it seems like it is sinking from time to time because of various bad things that affect it.
But this is not over yet, which in fact the age of bitcoin is still long, December this time seems to look nothing special, however not only in December, but it can also happen at certain moments in other months

this is the main reason why the market is always so volatile and also why the whales keep getting bigger. people keep thinking that just because there was a small drop like 5% it should continue going down for no reason!
the reality is that most of these drops are unrealistic to begin with so there is no reason for the drop itself to happen let alone for any further drops. that is why we saw price bounce back up above $7k again even though there is a huge amount of panic in the market!

bitcoin starts to show a positive trend, at present the increase is approximately 10% I hope this is a good start for bitcoin, maybe the price will reach $ 20,000 in a short amount of time, waiting for good news from bitcoin after a few weeks of decline.

I'll agree with all of that.

Looks like bitcoin bounced back up since you wrote your post, which is just as crazy a jump as it was a drop a day or so ago.  What a crazy market it's been lately.  It isn't as tho I haven't seen it like this before, but it's always stomach roiling when bitcoin gets this volatile, but I do have to say that I'm at least happy that it shot back up rather than continue dropping.  Not sure that volatility is over with yet, but it *is* good to see bitcoin back over the $7000 mark, and it's even higher than that right now.

December has always been the moment for remarkable events for bitcoin. Be it from ATH, the start of the fall or whatever, December surely is an important bridge between an old and a new year for the market. Right now, rhe market has been on a slump lately and it seems that the sentiment would be bearish from the end of the year towards the first few weeks of 2020.

I so much like the range you use and your ways of speculation as we have seen the direction of what happened after your post. The current market value of now is above $7,100 and there is a tendency that the current market trend may continue for a while base on the current candle stick formation.

Pretty much like in April of 2013 when there was that first smaller rally before things got really crazy in December.


There's some significance because the end of the year is usually pretty bearish. If a drop doesn't happen in the last 2 weeks of December it happens in the beginning of January. It was like that in 2013, 14, 15 and many other years, probably including this one because I just don't see us going to 10k before the end of the year, so we will finish in a bearish mood.

Bitcoin lover will love bitcoin.They don’t think price is low or high.They have goal,when they will reach the goal they are done. Even i am not worry that btc is dumping. Every month trying to buy some bitcoin.those who use bitcoin for there Daily life or trade most of the time,they worried about the price. Yes 2018-19 is not good for bitcoin. Maybe 2020-21 will be best for bitcoin. So I have no panic to sell bitcoin.         

Exactly, there's no special significance of December, it's just fresh memory from 2017 causing people to develop bias towards this months now. If you look at 2019, the most important month was April, since during that time the price exploded and had a bullish rally. And in September the market turned bearish with a big crash. What we are having now is really small compared to those months, so it's useless to make comparisons with December 2017 just because it's also a December.

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).

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.

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.

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.