Topic: Fear of December dump is fading away - for Bitcoin (Read 599 times)

You cant say that those dumpers or sellers are really that totally noobs on which there are those veteran traders or investors who do really love on making up some swing trading on which it would really be just normal that they would really be sticking into those basic principles or things that happened in the past on which they would really be always loving on connecting it on the current time and years on which they would be assuming that those dumps would really be giving out that similar pattern on which we do know that it cant really be so sure that it would be happening again or not.
We've seen that it didnt really happen on that December 2023 or last month on which it did prove out that there's no such thing about precise assumptions basing up into those past events.

We do know that adoption and recognition is really that increasing. Price conditions and events that happened in the past wont really be similarly that it would happen in the future.
Some says that it might not be the same but it do always rhymes on which i do agree into this point.

That's the mindset of a weak hands who's expecting to get profit easily or get rich overnight, and it is an advantage for those who knew bitcoin very well. The end of December may not be bullish yet for bitcoin, but it could be a great opportunity of an entry point or accumulating more fractions to your bag. Fortunately, this year might be a bit different because there are a couple of big news in bitcoin. The ETF approval and the Halving, these huge news are most likely going to steer the price positively. Those who remains afraid in investing in bitcoin will forever be regretful as the value of bitcoin will constantly increase.

Some people became afraid of bitcoin due to they taught that price of bitcoin will continue to fall as they expected so therefore I believe that price of bitcoin is something I know quite well that can fall at any point in time and I know also that the price is something that I believe that will rise unexpectedly, today the price of bitcoin has skyrocket to another level that I don't know, so if we use such expectations we shall not invest in bitcoin, let us try to summon courage concerning purchasing of bitcoin without any biased mind because when we continue have such mindset the price will continue to either fall or rise

Well, the price doesn't always go up in December, it's only the case during the bull market and only in the years that fall under the bull season as we know there are two seasons in a full cycle, bull season and bear season. When the market is in a bear run, the months including the first and last will also fall under it and the prices keep falling even in these months. On the other hand, years within a cycle that fall under the bull run will have the prices going up in all the months.

And, the halving event will be in the fourth month of 2024 and not right after the end of this year. Four months is a very long time, and there can be a lot of things within this period, the market can either recover more or drop to some extent right before the halving event and then it may start going up after it.

there's reason why people always thinking of dumping at around end of the year because speaking from history chart it always dump, the correction or bearish season starts from december, i remember clearly back then in the previous bullrun the market was dumping around the end of the year if im not mistaken therefore many people just assme that some bad thing might happen at the end of the year so its completely understandable that if people have such assumption but the thing with right now is that, the market sentiment is different, it instead showing the greed indicator meaning that people are bullish so even if it is the end of the year many people just don't care and would still try to accumulate for the ever anticipated halving that people are so hype about.
so its no wonder that at this december instead of seeing some massive dump we see some real increase towards altcoin though bitcoin still kinda stagnating and floating around the price point of $40k-$43k. hopefully the news about ETF comes out soon and we will see some great thing about bitcoin increase.

When it comes to bitcoin price speculation,  a lot of positive energy has entered investors in recent times because of the recent price increase and how bitcoin can recover from its previous down price and that was a great time to buy more since it was a good discounted price so for sure a lot of those who understood the advantage of such discounted in bitcoin to stock up more holdings.

At the moment,  there has been a good recovery for Bitcoin,  and those who already used the last chances to buy the dip are already in good profits, and if they continue holding,  in the year 2024 will be more profiting and with the level of activities like Bitcoin halving which will be a major properly force to the next ATH.

so far this is just pure speculation, the price of bitcoin rarely experiences a drastic decline in December, in fact in the last few years the price of bitcoin has actually increased by several percent in December, the price of bitcoin per this second is $42,560 and only experienced a decrease of 0.08 % in last 24 hours.  So, regarding whether in December 2024 the price of Bitcoin will fall as you have stated here! who knows, but I am sure that in December 2024, bitcoin will not experience a bullish streak, in fact, it is very likely that Bitcoin bearishness will occur in Q3 2024 ^{(just a prediction)}

I am having similar expectations even breaking ATH on halving year is not an usual thing in the bitcoin market cycle. I mean reaching beyond $68k might be possible by December 2024. I might go wrong as well. Because when everyone will be expecting a strong bull run in 2025 which would be very much similar to 2013/2017/2021 then we might start witnessing that well in advance like by last quarter of 2024 itself.

Coming back to this December happening, in my opinion this December ending up flat. Bitcoin market got stuck around $42k range which must be a good thing as we can count this range bound as a cooling period for another rally toward $50k levels before we are seeing any possible dominance of bears. Overall, I am confident about extension of bull market in the beginning of new year as well.

If you start paying attention to the prices that occurred in December this year, you will definitely see very small differences in the Bitcoin price range that is formed on the market every day. This means that there is no big difference in price levels this month unless you start comparing it with previous months for Bitcoin prices this year, because today is the last day everyone will be in 2023, while tomorrow everyone will be in 2024 which is which is a new year for all of us who are still alive in this world.

Not at all a dump but a slump to end December.    We've traded under the 8 day moving average for the last week now, not a holiday boom or any special sell either but I wonder if that indicates anything for the opening to January and resumption of proper trade then.   Jan 1st week is a bump back into full trading but perhaps the 2nd week if we do not recover this positive momentum above a weekly average I will start to become more worried.
   Ironically we spent more days under a weekly average then above but December is definitely positive thanks to how positively it started the month.   We'd have to lose 40k to really say December was negated in any way, mostly I would say it was drifting along after such good gains previous.

I do agree that whatever happens happened and from here on out it is going to eb a restart all over again. I still think that waiting for the new years is the more important part, and I believe that the best thing we could do right now would be making sure that we are going to end up with a big increase with the price, but aside from that we should be considering that as normal. I know that it will get to a price that will be much higher than this, many think that we will do fine but I believe that we are going to do better than that.

If I see the price reach to anything above 50k that would be what I would expect, but if it could break over the ATH during 2024, that would actually not be a big surprise to me neither, I could expect something like that.

Not always, as December has been a negative month month rather than a positive especially end of December.I may be wrong but stats don't lie I would suggest you to check the dips which has happened in the end of December every year. I had assumption that every year December would not be so good which turned out to be false this year but that doesn't invalidates the market trend of the past.

usually the end of the year this means December usually the price goes up instead of down. the word black December is usually only for the ponzy scheme business industry not for cryptocurrencies.
what's more, at the end of the year before halving the price or market will not crash and fall sharply.

unless there is news of fear for crypto currency users that causes prices to crash sharply.

But actually we did really be able to observe and seen that the price didnt really dip or crash that much into this holiday season on which this is really something that we are assuming whenever this time of the year approaches on which it did really just that prove out that this market could really give out some patterns but it isnt something that could give out assurance that it would be happening on the future on precise manner.
Yes, we can make out those assumptions but not something that we can 100% rely on when it comes to fundamentals. This is why it would really be always wise that you should really be that making yourself
that versatile when it comes to investment decisions specially on Bitcoin.

Now that we are heading on Q1 of 2024 on which it would really be just few hours left for this year. We do already have those potential ETF approvals on which it might really be that pushing up
the market even more. Precision? there's no such thing about fundamentals on which we know that it could really changed out on point!

The wave is almost over and a lot of those who went on vacation will be preparing they return right about now and since the new year is just a few days away many of the market actions have already taken place and most of the time it crises are mostly pre Christmas and since there is already a wave in that direction where bitcoin is already not shown any sign of market pressure that could force a sell-off and rather the price of Bitcoin have rebrand a lot and for that, we tend to see them making ways to see more uptrend bitcoin market rather than the expected decline.

If you really do remember 2020, it was a decent year and I think the parallel to 2020 and 2024 will be quite similar as well. I know that 2020 wasn't the year we made all the big breakthroughs, that 68k didn't happen in 2020, so I think it will not be the biggest increase, it will definitely end up being something a bit similar but not quite the same, so we should be careful about it.

I understand that life is not all that simple and we need to make sure that we could make something change, and if we could do that then we could potentially make some money from it as well. I know that life is quite tough, and I know that we are going to end up with something that will not be easy to handle neither, but we should consider it as a possibility eventually. Just invest, and hold for the whole year, and if possible then you should hold for at least 1.5 years and see it break over the ATH price again, potentially maybe reach as high as 100k, before you even consider selling.

everyone hopes to be very optimistic about the bullish moment that will arrive and create a new ATH when the Halving occurs. now you just need to hold what you have bought and buy gradually when the correction occurs. Don't panic about the recent decline, this is a sign that Bitcoin is still refueling for the big bullish start that will occur. remains a diamond hand until a new ATH is reached.

You're correct, we'll continue the same way. We won't see Bitcoin falling in december as there's too many good news that'll be coming next year so many individuals aren't interested in selling. They're thinking about buying more Bitcoin as me and not thinking about selling. Any individuals selling their Bitcoin by this time don't know the importance of what they're holding. One of the two event you said is happening for sure, we already know Bitcoin halving is next year.

If spot Bitcoin ETF get approved that'll make the market more bullish and the price of Bitcoin will pump more but if it doesn't happen, the market will still be bullish but mightn't be very bullish for the starting of the year therefore selling in december will be a wrong move. Other years when it's december the market dumps but this year is different which is already showing us what we should be expecting for next year.

Arent these drops turns out to be an ordinary day when it comes to volatility of Bitcoin? Moving around -+2000 or even more increments arent really that a shocking situation, unless if you are completely new into this market
then you would really be having those kind of impressions but actually these are really just that an ordinary day into this market. When it comes to monthly situations and trying out to reflect those previous monthly periods and the past events that had happened then it would be normal that people would really be expecting that it might happen on the upcoming months to come on which its not really that shocking that they would really be assuming that the same thing will really be happening and this is why they do make out some preparation on the time that it would really be approaching.

We know that it is always been that best that you should really be that versatile on such case considering that this market is truly that unpredictable or something that cant really be known or random
then it would really be just that right on having that kind of approach whether you would really be seeing the different stuff or would be seeing the similar thing. There's no way that we could be able
to draw out conclusions and making those finalizations just because you have seen on what happened in the past.

It is difficult to know precisely about this, because the assumption of some people is that prices increase after the new year due to the impact of the halving which is getting closer. But it is also possible that there will be a price correction before the increase is seen again at the beginning of next year, so you just need to pay attention to how market conditions will play out in the next week on Bitcoin.

Everyone is expecting much better for Bitcoin next year, especially for those who have struggled long enough since last year to see better profits in the next year. This is indeed difficult to assume based on price predictions, but the potential for an increase due to the approaching halving is still there and has not disappeared so what many people are hoping for might happen at the beginning of next year.

Last few hours invested in bitcoin around $42500 and hope can raise to higher price few days later or get chance with short term trading, bitcoin still on progress recovery after last several days drop to $41,000 and current price still on $42500 with good progress will raise above $43000 or drop few days left before end this years.
I hope at the end of December have good moment for bitcoin back to higher price and start new journey next year bitcoin get potential make new highest price again. Optimistic with new bullish moment will come in the short time and the end of December will close by good price of bitcoin.

We are close and must not waste this opportunity, before the halving day arrives we must prepare with the assets we have.
Keep accumulating bitcoins and hold them until a new ATH will be reached.

I prepared everything, did DCA every time the price dropped and tried to buy some potential assets other than Bitcoin like ETH which is also my favorite altcoin.

The 4th halving trend this time will be a sign that Bitcoin will be bullish again, Buy and hold for the long term.
Be prepared to double your investment and don't panic about the downturn.

There will be no nightmares when the halving is almost here, look how the price of bitcoin has reached $43,500 again just a few days after bitcoin crashed to $41,000. This indicates that the good trend is still in Bitcoin and investors continue to believe in Bitcoin's upcoming bull run. December will be a good month and provide a good percentage increase as a starter for bullishness next year.

it may or may not depending to how investors holders act but one thing that mostly happens is January is the start of dumping specially when we are still far from the halving effect , so meaning in this coming year we may see continues dumping but not as bad as what we had in the past few years , or changes may come once the approving of ETF happens in january .

We have seen bearish trend in past few years, but if we see in 2020, then it was different. Similar thing is happening this year also. As we know that Bitcoins follow a 4 year cycle to reach ATH price, hence it is seen that we are approaching towards a new ATH price. This is also a sign that we need to accumulate as many Bitcoins as we can in this low price. If we do this, then definitely we will make the most profit from it.

In theory, the price of Bitcoin will continue to rise because we are nearing the Bitcoin halving. And if ETF proposal is approved, the hype will be bigger and the price will increase more significant. However, if the ETF proposal is rejected or delayed, it is very possible that there will be a dump in few weeks in the early of 2024. However, I'm sure it won't last a long time because the price will keep increasing again because we have Bitcoin halving in April 2024.

What December nightmare do you mean?
This month is almost over, there is no nightmare during this month. The price drop looks normal, there is no significant drop.

We would really be having that last dump whether before Bitcoin halving or would really be after months of the said event on which we know that this has been happening even into the previous cycle but we know that there's no assurance on how things to be ended up.There would be factors which would be mainly affecting on the current things that is really happening as of this year on which we know that wayback in the past on which there's no way that we could really be able to tell on what are the things that would happen in the future. Now that we are talking about December then we do really know that each time of the year which the price do really have that kind of bearish sentiment but now we are really that seeing that the price isnt really that moving too much but the fact that we are really that making some gains comparing into those last years
month on which we can really be able to tell that it isnt really that much of an assurance that things do really happen out again on every month of the year.

A last dump can still happen, I am guessing in the next 100 days or even 150 days Bitcoin wi go back down to 30ish range, if you have anything to scope up this should be your last opportunity.

Many people are expecting this dump because in 2020 everyone believed that the bottom was already over and CoVID came to make a new bottom again but it doesn't take too long before it recovers, it was very fast.

I am not certain that we will dump heavily but anything is possible, if the ETFs do get approved I am positive that the dump won't be much, things can work differently this time, make sure you are fully prepared.

  With the pattern, I see that Bitcoin is forming right now, judging from a 3 day time frame, it actually a double top formation after it got rejected the second time at $44,293, I kind of think this is a sign of short term Exhaustion in the price of Bitcoin, And it about to take a breath to prepare for a further move in the upper direction, which I'm expecting this short-term downwards correction to mitigate the area of $38-$37k, which is the point from which the price took off. I don't see the price knocking off the $44K current resistance area this year, it likely going to end the year with a correction and then another take off come January.

What do you assume? Difficult to guest accurately as will be base on prediction but we hope to see Bitcoin climb higher. Many expected correction in the price of Bitcoin due to the huge sell other to be able to carry out expenses during this festive season but how astonished the market keeps on seeing the green candle.

We expect something much better than what we have now as we getting close to the 4th halving coming up by 2024.

 Interesting opinion. So Bitcoin will grow again after New Year? Or it will fall? What do you think?

Not every December is a dump month, sometimes it is, sometimes it's not. I remember clearly in 2017 we were pretty much in love with December, it was a great period. The fact that we reached to a point where it's not really that crazy to see, and the price is doing alright, and the greed is doing a lot better, I have to say it's really important to have something like that. I know that it's not going to be a big deal, I know that it's going to be just a normal situation, so we need to just focus on what we could do with the knowledge that we are not dropping but the greed is high as well.

I bet that we are going to see some more increases, and maybe a little recovery after that, but we need to do as best as we can to take advantage while being safe. I am using stop loss for that, I know keeping my money at the exchange is not smart, but I just think stop loss plays a big role for now, I put it at 40k, because ı think it won't go down that much ,but if it does, that means something must be wrong.

The month of December of present year is not bearish but we saw a huge gain in price of Bitcoin and still up to date the market is green. May be this pump is due to the news about halving but we have not saw a big dump in bitcoin price. The little bit Fluctuations are still there but it is a part of cryptocurrency and we have not to take it as a kind of stress. There are not many days left in the month of December and we will see ups and downs in these days but we hope that we not see a huge decrease in the bitcoin. As the starting month of this year was good for investors so same is the last month too but according to my opinion last month (December) is more appreciable than any other month of 2023.

How the market moves now, it is just too uncertain to tell the next move of bitcoin and you can’t expect the worse to happen no matter the case of the current market. This I will put in mind that it is the end of the December market nightmare and we will not experience any nightmare this year. I just hope the support and resistance that bitcoin has been trading on will be strong enough to hold it to next year before we see a good pump as we envision soon.

I have to agree with OP that December dump is fading away, although there is a dump but it is not more than 2% and it is gradually closing up. When I know that the December dump syndrome is fading away is on the Christmas day. Even if the price doesn't drop significantly in December, on the Christmas day, there is always a dump. This time around is much different than before. Although 2022 was just 2.2% dump while 2021 was 11% dump.

I can say that the major factor that is holding the bitcoin price strong up there is the anticipated bull run. I will be correct to say that people are busy entering the market for bull run. So, the chances of strong dump is not there this time around.

I don’t think that there will be any strong changes, over this month the price has shown only stability and I personally don’t see any prerequisites for a decrease now. There are two high-profile events ahead that everyone has been discussing lately, and this may indicate that no one wants to sell, but are only strengthening their positions.
Until the halving, at least, I will only buy more and exit alts. So far, this is the plan.

Crypto is crucial all the time and you have said it already why. That is why we don't have to worry about every drop moment in the market or get hyped when pumps come but rather remain calm and focus on our goal. A reason why it was hard to expect or assume that what happened last year in December would be the same as this year.

We must be thankful that this month is likely to end with a good price and must be thankful that the behavior of the current investors has also changed. Otherwise, we experience the dumping sentiment as they may be selling off their coins as the price increases which often happen in the past.

At the end of the December the price still above 40k that approximately the same stability in the previous month though the December is not end yet. My opinion is the next bull ran is starting before the new year comes.But all predictions will right when end the rest of the days in this year.Today's price $42673.00 which 1.1% less the previous 24 hours according to coingecko portfolio.

You don't know where he got the fear? Common, this is common in the crypto mythology, but to me, they are pure nonsense. There is no way you can ever beat the neutrality of the market in such a way because it allows its free flow due to demand and supply, and this goes naturally like that with expected and unexpected factors eventually deciding the outcome of the market through various hurdles that eventually comes up with the real sentiment that we eventually see. This is a narration of a typical market, Bitcoin was not so before, but now it is, so no one should be expecting anything the same with Bitcoin anymore, no cycle or pattern will repeat itself as people think. The OP believed that the cycle would repeat itself in December just like the host of others as well, but I am glad that Bitcoin has changed the narrative and disappointed them.

When I first came new, this was one of what I first rebukes I made, but many would not agree with my idea but I never blame them, they joined market tarding from the backdoor. There is nothing more ignoble than naivety, a lot of it is in the minds of people and many are not willing to face the reality. Also, the ETF event and the expectation of the fast approaching halving are the reasons for this and I know for sure that next year again and even in the years after, Bitcoin will continue to move in a dynamic pattern and not as most expected by people with impossible believes.

Well, even if there are price drops, we can't call it a bear market but it will be a strong correction if most, and though I was also expecting that to happen before where we are right now, I'm still not satisfied or relieved that it won't happen. I still feel that the market will see a correction either within the next few days or after we enter the new year. The first couple of months of 2023 were pretty amazing for the market because we saw the market going from around $18k to $28k, but we don't know if the same will be repeated this time around.

I have done all the buying and everything and also have some liquid assets left in case I need to buy more, so I wish that we see the market going up more as we enter the new year, but we need to be ready for any situation because we all know how unpredictable the market is and anything can happen.

For me, this year's December is different because of the Bitcoin block halving is next year.
If you will also check the history prices of Bitcoin from the previous BItcoin block halvings, you will see that we can't see any bearish price actions on every month of December, months before the Bitcoin block halving.

Why so bearish at the end of December though? the market is very bullish as this stage and I don't see the price crashing from $43,000 to $32,000 unless there is a big news that can impact that kind of price movement, like a black swan even or something similar to FTX collapse, but there's none.

We might not have a Bitcoin spot ETF approval next month or even this year, but you have to think that around April we have the block halving and that alone as we have seen in the past is the trigger for a bull run. So we will have to wait what 2024 offers, but for sure majority could  be leaning or a bull run. Maybe can see the price going about $69,000 or the current all time high, but it might continue to grow and that magic number of 6 digits.

The one thing I know for sure is that the price of bitcoin won't drop below $40k in December (one week left before 2024). It will continue to fluctuate over $40k until January of the coming year. By then, we will be anticipating a price increase or decrease before the halving. However, keep in mind that a correlation price would occur. No one can predict when it will. But continue to accumulate bitcoin if you can and enjoy a joyous Christmas celebration with loved ones

The month of December saw the biggest increase in the price of Bitcoin and reached its highest level this year. By the end of 2023 it is not possible to imagine how the price of Bitcoin will rise so much, but we saw the price of Bitcoin close to touch $45000 in December. But according to this we can expect the Bitcoin market to grow further in 2024 as the Bitcoin halving is not far away. If Bitcoin halves in 2024 there may be some dumping of the market later, but then we will certainly see pumping.

We just have little time to the end of the year but it still possible for the market to experience a dump before going into the new year. I would have say this December should one of the best ones since bitcoin inception, it experienced more bullish than bearish market and this is a good sign for the upcoming year in the crypto market. December nightmare should be over by now, if the market will taste a bearish moment, it won’t be a bad one that will affect most of the investors holding before we usher into the new year.

No 32k is too apprehensive, we can sell but dont forget the buy that follows a sell off.   We will not end 2024 at 32k though I would not say thats the worst case scenario but generally we should recover after negative news.  ETF isnt everything in the world, if we never get the ETF its not a barrier imo
   I agree on Jan or the spring months, if we relate to last halvening of course a sell is possible with the worst possible news.   Hard to state larger natural negatives then the pandemic and shutdown, the millions who died (14m est UN) from that is all negative yet we recovered.   The ETF is artificial, its not natural news to a few people it wont even be taken as a negative on a refusal.  The purists dont even want the ETF and Im sympathetic to their thinking because BTC will amount to alot more then a symbol on a stock exchange; it was estimated by some to replace the entire prior means of trading so how can the ETF be the largest negative its not.
   Im wary of all the other negatives for BTC for the world generally, if these do not occur in 2024 if we find a way to keep building then stay positive and remember price is just a label not a cap to value.

The market always calculates the news within a week or two of its occurrence, and since the date of making the ETF decision is on January 10, I expect a decline in the price of Bitcoin at the end of the Christmas holidays. The more accurate question is: where will the price fall? Will we see a temporary correction to $38,000 or $32,000 or $28,000 all options are available.

I don't expect any ETF approval in January so I'm betting that by the end of the year we will be at $32k.

I think it's better to not hope too much about that ETF because they are always like that. It was like they are only hyping things up, but at the end, there is still no approvement that happened. For those who are new here, or didn't know it yet, this ETF approval rumour has been here I think since 2017.

But, look at the dates now. We are on 2023 already and there is still no clear approval dates lol. But anyways, we don't really need this IMO. We can just look at how BTC perform over the years. It can always go on its own. If we are only talking about next year, we still have the BTC halving, so I agree that things are going to be different this time, in terms of that dip pattern.

My observation is that this particular December has been surprising (though not to me) and we can speculate that the expectation of halving in April or in the first quarters of 2024 is what's scaring investors from dumping. If anything, there seems to be more buy than sell right now. Those who take profit now even do so to get in back at correction and not to move out. We can see the volume of trades on daily. The marketcap shows the market hasn't depleted as evident in the cash circulating within it.

But, usually December month is known for vacations and celebrations of festivals in western culture where people do spend more than any part of a year. It means people may save through out the year just for the reason of cashing out for Christmas and New year parties. This year in December month we have witnessed 2 quick corrections which had happened from $44k levels to below $40k levels and another one is $44k level to $43k levels. Probably these 2 were triggered by them while cashing out for festivals.

By following the previous cycle, bitcoin may reach 80% of its current ATH before getting ready to another phase of dump. Interestingly these do happen before halving and around the times of halving, bitcoin do trade below 50% of its ATH value. By the time of December of halving year, it will test its ATH again.

Looking at the trend this year, since the beginning of the year there has been a very good increase, even though at the beginning of December there was an unstable movement and it seemed like it was going up and down quickly, but this did not stop the upward movement.Maybe because December this year is very close to the halving period, which usually results in a correction, but I actually agree with you that it won't happen at the end of this year but rather think that Q1 next year could have a bigger impact. However, when it comes to ETFs, it could be a trigger, but it's not that there has been a delay in this matter; indeed, everything could be related.

December is a crucial month because sometimes its good but in the near time would be bad , have seen how many December all my years here and until now i cannot read what will happens next.
but this one seems to be going right as december fear seems to be ending this year .

Not know where you get that fear of december in half time because what do I observe over the years is that Dumping starts happening before the year ends that means mostly last couple of days in month of December , but maybe there is a different approach now as there lots of hearsay about ETF coming very soon or earlier next year so indeed that we might see most changes not this month or even the next , i may say it will takes place before the halving in April next year.

Actually, it doesn't matter if the bearish market will come again this month like in previous years. That means we have time and opportunity to accumulate more Bitcoins. And that is a form of our preparation for an increase in Bitcoin in the next year or two.

But this month, Bitcoin prices tend to rise and fall, which is different from previous years. And yes, this is still good for us if we want to accumulate. We can buy Bitcoin when the price decreases and collect it for a while. I hope we can be prepared for all the possibilities that could happen this month.

But if there is approval for a Bitcoin ETF, it could provide a boost for Bitcoin prices to climb higher. And although corrections will come, that is a normal thing to happen. Then, the price could rise again, and maybe at the beginning of the year, the price could touch $50k before the halving. Well, it's all just a wish that hasn't happened yet.

it seemed that many people always calling out market dumping every december just because its end of the year some people need money for new year eve, but I don't think so, the current trend does affect a lot with how the market behave the supposed market dumping at the end of the year was proven otherwise and right now instead bitcoin keep breaking the resistance, it just means that we are kinda in bullish market right now though we haven't experienced any real bullish where it could help bitcoin price to go back near the price of when it was before the bearish market basically around the all time high which even if it hits around that target its already good enough for me personally but I think in the future it will be smooth sailing, moreover the ETF might be a big thing for us in the next year so many deadline are gonna be due we will see whether the price will be dumping or pumping it all depends on the ETF approval.
maybe this also the reason why the market are so stagnating right now not dumping but slowly pumping people are anticipating on what gonna be unfolding around the next year probably in january when the deadline is due.

There is what we called visible and non-visible support but visible support is the stronger one. Others may think that $40.5k in 4h time frame can be a strong support but in my opinion it's not. If we go to the weekly time frame, we saw that the price is respecting the zone. In what way? The demand is getting weaker as it approaches the supply again, if we use RSI in the 4h time frame we see a bearish divergence which indicates that price will go down soon. However, even though we have many confluences that the price will start retracing in this supply zone, the chance of breaking the supply is still there.

Indeed fading. But we cannot blame those who though of it given that we can only base from previous market behaviors and it just happened that the charts were covered with red before during holiday season. However, the market is just proving how unpredictable it is. Many people are expecting for a bullish market behavior next year due to the anticipated Bitcoin halving but it seems that there is a chance for the market to sustain its increase until the waited event. Although we have no assurance, the market has been up for a month already which is a good sign. Just keep in mind that price correction might still take place in a sudden so better be careful with your actions such as going all out due to high hopes of a continuous price increase, which is not possible if we would look at different time frames especially smaller ones.
It is only a few days before this year ends and a huge dump is less likely to happen, but next month is a different story. Anticipating the worse is better than to be careless at all. If the price won't be consolidated with a huge dump then that's better. Retracement is indeed possible but so do bullrun. Also, given that the market broke our expectations, then there's also a chance that it may again create its own pattern for 2024. Since no one has the assurance, let us all just wait for things to happen on the actual.

Bitcoin will try to find its best support point, so that it can be a foothold for bitcoin to be able to reach its highest price again.

The decline is usually also accompanied by some FUD that starts to appear, but if Bitcoin remains strong at support,
then it will only be a temporary decline, Bitcoin is still stuck above the $40k price and will not fall more than that.

Looking at how on the Fear & Greed Index, the Bitcoin market is still quite bullish and is still trusted to continue to rise.
More investors are optimistic for the new ATH, and some will probably just leave the market and then come back again.


https://alternative.me/crypto/fear-and-greed-index/

We can't say that because December is not over yet. There are still days before December ends. The price of Bitcoin is consolidate inside the supply zone which means the buyers are not interested to buy in that area or the buyers are undecided. But then we can see in the chart that the price touches the area several times already possible it will surpass the supply. However, maybe the price of Bitcoin will go down because the retracement is not happening yet. We should expect that to occur because normally the price of Bitcoin will going to retrace.

It seems that the cyclical movement of Bitcoin prices at the end of this year has raised suspicions among many people, especially if it still refers to seasonal trends. It is true that there are still a few days left so vigilance still needs to be exercised for those who are active in trading whereas for us there is no need to waste time because the target is not to take short-term profits. Bearish market speculation is increasingly invisible could this be a good sign or is it trying to bend our shoulders from behind? I don't want that to happen.

The halving that is getting closer encourages people to ignore a lot of negative news thus creating positive prices, even Christmas which is usually always bloody is now on the contrary solid at $43K and at the time I wrote this the up: down percentage was only slight. On the other hand, the end of this year provides optimism for an increase but for those who are wary maybe they have prepared a sell entry at a certain price.

There's no such thing as a "December nightmare" for Bitcoin. The past performances of the BTC price don't matter. The past is over and we can't use it to make a proper analysis. December 2018 has nothing to do with December 2021 or December 2023. The conditions on the cryptocurrency markets were totally on December 2019 in comparison to December 2023.
I expect a decent price drop at the end of January or somewhere around February(if the Bitcoin Spot ETF gets rejected, the price drop will definitely come right after the SEC decision). I don't expect a bull run during the first half of 2024. The Bitcoin ETF will have a short term impact over the price.

Bro, I will only advise you to step up your courage in trading and not otherwise. Fear is bad and it has nothing to offer you but to let you lose your money. Fear is such that makes traders think in an ugly way and forces them to trade when they were supposed to be patient, and make them patient when they were supposed to trade.

Also, for the record, it is not all traders that are afraid of the market, maybe it is because you are new. I am not afraid of the market, this is as I lose and gain, it is not new, life goes on. That doesn't mean that I will not trade tomorrow. But one fact that is important is how I manage my trading account so that the losing time will amount to nothing in the long run. So, why the fear? To crown it all, I am a good speculator. I see no reason to fear at all. This might not be easy at first, but with much training and experience, it is possible.

Bro, this is another misconception. All experienced traders know how the market works and can predict its next movements through speculations. Only that no one can ascertain what the market will do 100% since the market is dynamic. In other words, there is no perfect speculator, neither is any perfect trader. Yet, that doesn't mean they can't play their way around the market and be making consistent earnings.

Left one day before  Christmas but likely not drastically drop with bitcoin or some altcoin price, I don't think with few days left before end of December huge impact with bitcoin will dump. Usually few days before Christmas always have correction with bitcoin price but for this years likely difference with bitcoin keep stable on higher price and not bad news make market have going drop. Seems left few months before halving is the reason why for this December in this year make bitcoin keep on the higher price and difficult with drastically drop without six days later before end of December.

Lets celebrate with new years bitcoin keep on higher price and opening next year journey with optimistic bitcoin will raise and make new all time high price.

I am not new to market and everyone has a fear factor when it comes to investment or trading and this is something which I am more concerned. I know about the market dynamic and this post was to know about the opinion of other users if they have any such fear but not to judge me whether I am new to market or an expert.

No one can predict how crypto will work because there were so called experts who were speculating Bitcoin to reach $100k then it dropped under $5k so I am aware we cannot bank on any prediction or previous patterns as crypto is highly volatile.

Perhaps you are still new to the world of the market, nothing is so specific or peculiar with the December market season with the way some people are taking it. I tried my best to refute so many claims over the last months, many are just naive about it as anything could happen, but it is good to expect nothing as a professional trader/investor. Let the market flow naturally and tell you want to do over time.

The best is to just talk to your trading chart and let it guide you as much as possible, and you should be vigilant with the fundamental analysis at the same time. With this both, I don't think the trader will miss out, but it is an ugly trend for traders/investors to be pre-convinced about what the market will do or let fear determine what they have to do, these are bad. Good traders will only act based on the present outcomes or speculations, but something must have triggered the speculation before they act or fear, not otherwise. Traders/investors should stop acting on rumours, cycles/history, emotions and beliefs, they should just be professional and only face reality and not shadows or emotions. And if at all the market has bad moments during December, that is why we have the speculation to tackle that for us and not let our trading/investment accounts be badly affected.

I dont fear December at all, if we had a negative December it would still be from a high point at least in my perception.   Its the winter months (for northern hemisphere) that to me feel most harsh and hardest to navigate in my memory of past price history.       Bad news is the hard points for BTC to surpass are still ahead of us, as soon as people think we are safe we arent its not that easy.  I still think we can sell from here back to 30k or with the wrong news lower still.
   December tends to be what I would expect to be a light month, reason being all these holidays.  I know none of this is universal, some people have no major holiday or any big event in this month I dont presume all people celebrate anything this time of year even the new year can be with different dates on one calendar or another.  However alot of the traffic and volume does come at certain times even if people separately are not on holidays there are enough people away from their trading desks in December at key points; a few traders aren't here for the second half of this month hence its a light month.  We can more easily rise in December is my frequent conclusion.
   Wait for mid Jan at least before thinking we cant sell or trip and fall down some.

Anything could still happen before the end of the year. Bitcoin is likely very unpredictable and doesn't really take much time to drip or spike. If actually the price of Bitcoin drip this month, and for example, maybe it's bound to happen on the 30th day of this month, there is every possibility that it can just dump to $35-$30k and nothing will stop it. But if it's bound to spike more, then it'll also spike.

Based on my own speculation, I don't think the price will fall either; I feel it will just keep going up, but let's not forget that nothing is impossible to happen because Bitcoin is a volatile asset.

If my memory serves me right, we have such pump in December, specially along the week of Christmas and New Year. So it doesn't mean the whole of December, it's that on that week. I don't know why, perhaps it's manipulation or some entities wanted to take advantage and give hope that the price will go up and then they dump after Christmas and make profits.

But this time though, it could be different, as the market is already bullish way before the bitcoin block halving. And we all know that's the reason for this bullishness (if there's such a word). It's because of the imminent approval of BlackRock Bitcoin Spot ETF early next year.

December is almost over and there is no big fall. It's Christmas and New Year's Eve holiday time so I don't think big changes happen in the price for the next week.
There is no such thing as every December being the same. I think we are finishing this year well (Unless it goes down below 40k for some reason).

Well, the market changes and not all of these patterns are the same whenever there will be a dump and it's timely to see it pump instead because of those factors you've mentioned.

When we are just so close to the halving, you don't expect it to get a lot of dumps but it's the opposite. A nightmare for December to remember, I don't think that people should have that set in mind about this month.

It's just that the market sometimes repeats its action but most of times it doesn't.

yeah I see at least 48.1 k in next 10 days.

if we go over that we may pull back and take profits

With the level at which Bitcoin has survived in this time and also as for the best possible time calculation,  I can be sure to say that Bitcoin will have a totally different outlook in this time compared to previous market conditions within this period when many families and people are doing more spending and withdrawals due to the festive season,  and to say today is a 23rd of December and yet Bitcoin is having such positive market outlook with more than 2% price increase,  it shows that throughout this time the market will have a lot of liquidities to support it price through this time and beyond.

it may also have to do with the fact that the past is not necessarily the best indicator to predict the future

But there is indeed more good news than bad news on the horizon as far as I can tell. There isn't really bad news except for the congestion everyone is suffering from. But an ETF denial for the time being would not be bad news in my opinion. Not everything that is not good news isn't automatically bad news. I'd consider it pretty neutral and it would be good news postponed rather than bad news.

Binance is still alive and didn't get wrecked by US authorities, which I think is a good sign for the industry. And the number of people looking into the topic out of interest or for educational purposes would only grow every day.

Let's hope for the same as this would be more beneficial for us and personally I have accumulated good amount of Bitcoin and I would get more profit if this happens. I was wrong this time to conclude that we will see same pattern every time just because we saw the dump pattern in the month of December couple of times. I think we will have an extended bullrun this time but still we cannot assure the same thing for altcoins until we get into proper bull market.

One week left before the end of December and I can say that we are going to continue its trend as many are still rushing to buy Bitcoin and we might not see any correction this year anymore. Let’s be more optimistic and think positive about Bitcoin, big news are still ahead of us and many are eagerly waiting for it and they are actually buying more so they can be more prepared.

The drop is not significant in my opinion. We are still above 40k level. So for me, one should not really be worried about.
The performance of btc this month is still great in my opinion. We should not expect too much steep increase because that's quite alarming.
I believe a lot are still in the buying spree for btc because of the upcoming halving event, as they are seeing it as a good opportunity that it
will further increase either before or after this event.
So the fading of doubt I think is reasonable as there is an upcoming event that we are looking forward to.

To be honest with you,  I never expected Bitcoin to drop in price this December,  and rather I have always anticipated the possible increase in the price beyond what we have presently from the market and at such we should not expect what happened the last year or the year before to repeat itself because the Bitcoin market sentiment for both years has been very different,  in 2024 December the price of started appreciating in form of a recovery form and for that we can see the December sell-off having any effect on the price of bitcoin in a negative manner.

I think before the next Bitcoin halving,  it won't be easy for Bitcoin price to drop significantly,  and we may not see much significant price discount so for sure we will be seeing more uptrend movement which will signify a lot of positivity before the next halving and if that becomes the case,  then we may take longer before we see the next Bitcoin all-time price as expected all the while.

I see the end-of-year pump as something that comes earlier. Let's not forget the recent price jump that just happened, which pushed bitcoin to the place it settled right now, which is $43k and above.
 
We still have time until the end of the year; even if it's just a few hours until 2024, we can still experience some positive price increases. It's happened, so it's not something to worry about, but then again, we can also see a drop in the price as we can't tell what face the market might come with; it's never always certain of what we might expect.
 
With Bitcoin regulating within the $40k range, it's a good sign that if it breaks that $43 price, we might be seeing $50k in price. Even if it's not this year again, early January might be a good time to hit that price.

As you might see in my previous posts and responses I have always considered the send half of December as a bad time for crypto because we had seen most of the bearish market starts from the end of December but this year it has been different as we have not seen any sign of bearish market till date though there has been minor fluctuations in the price of Bitcoin but it has not been more than 10% drop in Bitcoin.

 I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

What's your opinion on current Bitcoin trend, will it continue the same way or we will go through the December nightmare once again?