Topic: HOLIDAY RUSH - page 2. (Read 262 times)
I hear so many times that the price will rise by the end of the year that I get scared. Whales are aware of these moods and can easily collapse prices at the end of the year. I am also concerned that many users are waiting for the price increase in order to sell their coins. This can create additional pressure on prices.
Some have been saying that the price will go down again come -BER months (October - November) because it is usually during these months that price goes down. Of course, we can’t say for sure because bitcoin has no particular pattern. Even if it has been usual that price has been behaving such a way, we can’t say for sure it would happen again every year. Even if bitcoin had an ATH of over $20K last year, the same could or could not happen by December. It’s likely that many will plan to sell by December because it’s the time for spending... err- I mean giving.
I doubt he'll be able to come back, even to $ 20,000. Growth is unlikely, it is likely to be around $ 7,000 coming . There are different information, some traders note a possible growth by 2021.
I'm fairly confident we will see a new all time high by the time Christmas comes. I know a lot of people are upset about current prices but we should be happy bitcoin has made it this far. When bitcoin was $1, I doubt anyone thought it would ever reach $1000.
Also if you look at the volume when the price was around the 20k range there wasn't many buyers and sellers at the peak.
Also if you look at the volume when the price was around the 20k range there wasn't many buyers and sellers at the peak.
Last year, 2017, the price of bitcoin exceeded 20k USD in the market in the month of December. It showed as how can bitcoin can reach on its extremes and how the demand can affect it. Some people said that bitcoin this year can reach upto 30k USD! The demand for bitcoin is increasing when this last months comes. What are your thoughts this year on the prices when the Holiday season comes?
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