expect more from the market since the price is now $103k what else are we expecting before the end of this year? I don't think it will stop going up at this very moment.
After Bitcoin created the first historical moment in its history, there was a slight dumping again. At that time the price of Bitcoin fell to around $90k dollars. Despite the slight dumping, the price of Bitcoin continues to rise, Bitcoin has once again touched the $100k mark.
According to CoinGlass.com, the price of Bitcoin was the most bullish since 2020 in November this year, Even this month Bitcoin has seen the biggest increase and touched the price that everyone expected.
December will act like November if not better and let's see how many ATH this month will produce since after hitting $100k, I wonder how next year would be like.
It may not be possible for anyone to predict the market accurately. It made new ATH after Bitcoin touched $104k. There is still a lot of time left before the new year, from the upward trend of Bitcoin in the market at present, we can imagine that Bitcoin may reach other heights at the beginning of the new year.
Of course, if we are looking at the monthly openings and closings to figure out whether the month has been positive or not, we currently have December as positive, yet still a moving target in regards to whether it will close higher than its opening, which on Bitstamp the opening price was $96,471.
Even though we still have 23.5 more days before December closes, to me, it seems we have pretty decent chances of closing higher than our opening.
Crazy thing is also that the BTC price can reverse its directional momentum at any time, yet my own senses is that from here generally speaking UP is going to be more painful than down, which causes more incentives to go up rather than down in order to cause the most pain, and this time, the pain is for all of those folks selling coin around $100k and
wrongly expecting the price to go down or they place such high expectations to be able to buy back cheaper than they sold (perhaps even more than 15% cheaper to make up for any tax consequences that they might have suffered from selling).
The pain is also for the many low coiners and no coiners out there who are failing/refusing to sufficiently/adequately prepare themselves for up. We even have many of those kinds of people in this forum who are frequently worried about the BTC price to their own peril, so they are frequently hemming and hawing about whether to buy now or to wait for a dip, and so they have an ongoing and repeated historical record of spending way more time waiting and stressing about the BTC price rather than buying BTC ongoingly, persistently, consistently and aggressively. So anyone who might have had been on the forum for a couple of years already would have had a lot of opportunities to buy BTC at decent prices, and they would have had been able to stack a decent amount of sats in the last couple of years. Even stacking sats in much of our 2024 price range of $55k to $70k may well seem like genius now and into the future for those folks starting out their bitcoin accumulation journey in 2024, which is soon coming to a close.
As far as next year, who knows? Sure we can have our theories, and surely at this point it is looking quite bullish for 2025, and on a personal level I don't really like to get into too many specifics in regards to any prediction that I make beyond suggesting that whatever high that we have in 2024 will be surpassed at some point in 2025.. yet by how much, I cannot really say... .. and so the minimum prediction of having a greater ATH in 2025 as compared to 2024 seems to be a most conservative kind of prediction, and really the higher that any of us attempt to predict, the lower the odds come for any of the scenarios. When I look at
my BTC price prediction of various ranges that I made on December 16, 2021, we have to be more bullish now than we were then, since the BTC price has already at least made it to $103,647, which is our current ATH on Bitstamp.... so frequently if there might be some kind of an attempt to predict into the future, we have to account for how far we have already gotten (what is the current ATH and whether it will be surpassed). Another thing that I like to account for is the 200-WMA.. and perhaps
how far away from the 200-WMA the spot price might be, yet that 200-WMA as it relates to spot price does not give any kind of solid idea in regards to where the BTC price might be going in terms of various possible price peaks, even though it seems to give some decent senses about where the bottom might be in regards to any crashes that might end up coming at later dates.