how do you think market will look like this December?

michellee

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Quote from: SamReomo on December 17, 2024, 12:26:57 PM

Today, Bitcoin literally crossed $108k value and that's remarkable. I've already placed a limit short order at $110k a few weeks ago and still that order hasn't got executed and filled but I hope soon I will that order getting filled.

I personally think that after $110k we might see some type of price correction and during that correction I will take my profit and close the order or I will hold that order and average it if Bitcoin goes over $200k.

And now, the price stay at $96k which I think it is a sideways moment for Bitcoin price. Maybe it will be like this until the end of this year so we must be careful because there is a chance to see a dump instantly for the price. But we may hopes that the dump will not takes too long to reverse and increase back.

Your order sell seems need to wait or you already sold it before. But yes, we are in the correction moment after Bitcoin reached the high price and that is always happen. We always want to make a big profit so that makes us to have more patience to wait.

We don't have to worry with this situation because this will change and be back to the normal situation. That will help the price start increase and that will be the time for the price to make a new ATH.

shinratensei_

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Quote from: Sanitough on December 20, 2024, 11:46:35 AM

We would ultimately end up this year more joyous and fulfilled if bitcoin price continue to move upward, but it seems what we have at the moment is quite an opposite. Bitcoin price has dropped below $97k and based on what I see, there are still chances that it would fall even better.

However, we still have two weeks more to go before year end, and it would be enough time to see price recovery for bitcoin. Or else, altcoin season might start to appear soon.

we need to relax because few months back people were so pessimistic after having a full month of massive sideways around $49k to $60k and after a while BTC breakout and it just goes up straight to $100k.

I think this month will be no different, worst scenario bearish sentiment might continue until end of december, good scenario, we'd see market flipping the trend soon because from the past few months btc always suddenly pump at the month's end.

still pretty optimistic, not to mention this correction was expected, I mean the market can't just hold ATH forever, at some point there will be distribution phase, people are selling, and once that selling pressure is gone price will go up again.

justdimin

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Quote from: Sanitough on December 20, 2024, 11:46:35 AM

We would ultimately end up this year more joyous and fulfilled if bitcoin price continue to move upward, but it seems what we have at the moment is quite an opposite. Bitcoin price has dropped below $97k and based on what I see, there are still chances that it would fall even better.

However, we still have two weeks more to go before year end, and it would be enough time to see price recovery for bitcoin. Or else, altcoin season might start to appear soon.

It was definitely an awesome month without a doubt, we broke over 108k and nobody really assumed we would be over 100k let alone 108k during this month, we were dealing with 90s and that was the most price people saw and thought that would be the bull run, but seeing as high as 108k really took it a far enough and that should be the most important part of this.

I mean thinking about November, we really did great after the election but that was a big pump that I assumed would be the case for a long time, like whatever happened there, would be the end of the deal, for a while of course because I believe 2025 will be higher, but then December didn't just stand down and it is doing great even right now. I think this little fall that we have is a small correction and we are going to end up with much more in the end, I believe that we are going to see much bigger situation that takes it further, that's the most important part of the deal in the end.

Sanitough

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Quote from: bitgolden on December 19, 2024, 01:38:22 PM

Looking at it now that we are in December, I have to say that we are looking at a different market and not entirely sure if it is a good thing or not. I can see that it is actually a good situation to be in, but at the same time we are dealing with something that is taking a bit of time as well.

I believe the better we do, the better we can be hopeful about the future as well. We have breached over 108k, so we have hopes about reaching 120k before new years, but if we reach 115k, then we would have hopes about 130k, so the higher we go, the higher expectations go as well. I believe that we are looking good right now and peaking at 200k is looking more and more realistic for the new year, I do not know when, but if that happens, it would be lovely for all.

We would ultimately end up this year more joyous and fulfilled if bitcoin price continue to move upward, but it seems what we have at the moment is quite an opposite. Bitcoin price has dropped below $97k and based on what I see, there are still chances that it would fall even better.

However, we still have two weeks more to go before year end, and it would be enough time to see price recovery for bitcoin. Or else, altcoin season might start to appear soon.

Zlantann

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Quote from: Antotena on December 20, 2024, 09:42:25 AM

The market doesn't looks good, there is a heated concern about the Bitcoin reserve which Jerome Powell made about comment on interest in Bitcoin which he said they are not ready to adopt Bitcoin, this has lead to different controversy about Bitcoin future in the United state but since Trump hasn't said anything yet, we really have to wait for him since he made those promise which is why I'm thinking that Bitcoin still remain bullish until his inauguration.

I'm expecting Bitcoin to be corrected back to ₦80k which is the least if things goes that bad but it will go up again on January particular the day Trump is going to be inaugurated. If he is passionate about crypto in the United state, it will helps sustain the price.
I have also been wondering, what if this is just to make the market goes down so the government can buy this Bitcoin cheap and then says they are going to make Bitcoin reserve, the government cants be trusted you know.

Has it come to the level that we will have to depend on an individual to predict the price of Bitcoin? Jerome Powell said that he is not resigning, and Donald Trump cannot remove him unless it is approved by Congress. His claim that Bitcoin cannot used as a reserve might be true but the law can be amended by Congress. US central bank will keep Bitcoin if Trump wants it because he has the ability to lobby members of the congress. It seems Powell will be a barrier to this plan of strategic reserve. His tenure is ending by next year, maybe Trump will have to wait till then or persuade the Feds' head to change his position. But with or without a Bitcoin strategic reserve in the US, Bitcoin price will increase at the appointed time.

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Quote from: bettercrypto on December 20, 2024, 09:01:43 AM

This will be a month of consolidation or ranging, and it could last until next year, although I know that many are expecting it to happen again because it is possible that there will be a rally that will take place temporarily during the effectiveness of Trump's inauguration as the first day of his presidency.

But for me, it doesn't seem like that will happen, just my opinion and not because I am against the bitcoin price rallying, of course I want it to rally so I can take profit on my other altcoins.

The market doesn't looks good, there is a heated concern about the Bitcoin reserve which Jerome Powell made about comment on interest in Bitcoin which he said they are not ready to adopt Bitcoin, this has lead to different controversy about Bitcoin future in the United state but since Trump hasn't said anything yet, we really have to wait for him since he made those promise which is why I'm thinking that Bitcoin still remain bullish until his inauguration.

I'm expecting Bitcoin to be corrected back to ₦80k which is the least if things goes that bad but it will go up again on January particular the day Trump is going to be inaugurated. If he is passionate about crypto in the United state, it will helps sustain the price.
I have also been wondering, what if this is just to make the market goes down so the government can buy this Bitcoin cheap and then says they are going to make Bitcoin reserve, the government cants be trusted you know.

bettercrypto

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Quote from: TIME IS ESSENCE on December 05, 2024, 05:02:53 PM

How will the market movement be like this December??
Hoping for a successful end of year 🙏

This will be a month of consolidation or ranging, and it could last until next year, although I know that many are expecting it to happen again because it is possible that there will be a rally that will take place temporarily during the effectiveness of Trump's inauguration as the first day of his presidency.

But for me, it doesn't seem like that will happen, just my opinion and not because I am against the bitcoin price rallying, of course I want it to rally so I can take profit on my other altcoins.

Ricardo11

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Quote from: CageMabok on December 20, 2024, 03:54:01 AM

Quote from: Xcode7 on December 17, 2024, 08:22:20 PM

I hope so and I am also quite optimistic about it seeing from what is happening now when there is no correction that is too deep when there is an increase in price either for Bitcoin or Altcoin even in December Bitcoin has touched its latest ATH several times without any deep correction which means that the positive movement will continue to occur.
December will increase and early next year will also increase, currently we are in a Bull market and that will happen in the next few months so it is better to stick to the investment you make to take maximum profit.

In the past two days the market has corrected again so that it has caused the price of many coins to fall simultaneously and this can be witnessed by everyone because the influence that can come into the market and into the minds of Bitcoin investors is still quite obvious at this time. So we also need to respond to this very wisely because I think the correction only happens temporarily before the next big increase occurs again this month until early next year. So for now patience must be increased by everyone in dealing with this correction situation.

In fact, it is very important to maintain a patient attitude at this time. In fact, the current market correction moments should actually be seen as an investment opportunity, because this current dumping trend of Bitcoin will not last long, as soon as this month ends, the new year will begin, and in the new year we will see Bitcoin becoming much more valuable.
So instead of being scared by this current dump, buy Bitcoin now, and keep holding patiently. This dumping is only for a temporary period, it will start recovering again at any time. So take full advantage of this opportunity.

Taskford

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Quote from: CageMabok on December 20, 2024, 03:54:01 AM

Quote from: Xcode7 on December 17, 2024, 08:22:20 PM

I hope so and I am also quite optimistic about it seeing from what is happening now when there is no correction that is too deep when there is an increase in price either for Bitcoin or Altcoin even in December Bitcoin has touched its latest ATH several times without any deep correction which means that the positive movement will continue to occur.
December will increase and early next year will also increase, currently we are in a Bull market and that will happen in the next few months so it is better to stick to the investment you make to take maximum profit.

In the past two days the market has corrected again so that it has caused the price of many coins to fall simultaneously and this can be witnessed by everyone because the influence that can come into the market and into the minds of Bitcoin investors is still quite obvious at this time. So we also need to respond to this very wisely because I think the correction only happens temporarily before the next big increase occurs again this month until early next year. So for now patience must be increased by everyone in dealing with this correction situation.

We could really see how high the influence of Bitcoin movement on how these altcoins move. We could see right now that when Bitcoin dumps everyone will follow that's why its hard to speculate something about those alts and if they heavily invested to much on it and they are buying it at the top then maybe they feel crazy when dumping situation occur just like what we are seeing today. That's why we better not to think about holding those alts for long months or years since we don't actually know what's going to happen.

That's why my investment are in focus with Bitcoin and just ignore other alts since I know that chance for recovery is so high compare to other shitcoins in the market.

CageMabok

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Quote from: Xcode7 on December 17, 2024, 08:22:20 PM

I hope so and I am also quite optimistic about it seeing from what is happening now when there is no correction that is too deep when there is an increase in price either for Bitcoin or Altcoin even in December Bitcoin has touched its latest ATH several times without any deep correction which means that the positive movement will continue to occur.
December will increase and early next year will also increase, currently we are in a Bull market and that will happen in the next few months so it is better to stick to the investment you make to take maximum profit.

In the past two days the market has corrected again so that it has caused the price of many coins to fall simultaneously and this can be witnessed by everyone because the influence that can come into the market and into the minds of Bitcoin investors is still quite obvious at this time. So we also need to respond to this very wisely because I think the correction only happens temporarily before the next big increase occurs again this month until early next year. So for now patience must be increased by everyone in dealing with this correction situation.

BITCOIN4X

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Quote from: bitgolden on December 19, 2024, 01:38:22 PM

Looking at it now that we are in December, I have to say that we are looking at a different market and not entirely sure if it is a good thing or not. I can see that it is actually a good situation to be in, but at the same time we are dealing with something that is taking a bit of time as well.

I believe the better we do, the better we can be hopeful about the future as well. We have breached over 108k, so we have hopes about reaching 120k before new years, but if we reach 115k, then we would have hopes about 130k, so the higher we go, the higher expectations go as well. I believe that we are looking good right now and peaking at 200k is looking more and more realistic for the new year, I do not know when, but if that happens, it would be lovely for all.

We hope for the best and prepare for it, but things can never be guaranteed. The price has corrected today where it has fallen by 4.5% in the last 24 hours, this is not good for some, but is considered good by those who were hoping for a decline. As Christmas and New Year approach, this decline is inevitable and many of us have seen our portfolio values reduced by several percent.

I'm sure post-correction price recovery will happen soon, but hitting a new ATH doesn't seem to have a high probability. If bitcoin can get back to its $105k price before Christmas, then perhaps we can still expect a $110k hit by the end of the year. I don't know, the market has been influenced too much by the statements of important people lately.

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Looking at it now that we are in December, I have to say that we are looking at a different market and not entirely sure if it is a good thing or not. I can see that it is actually a good situation to be in, but at the same time we are dealing with something that is taking a bit of time as well.

I believe the better we do, the better we can be hopeful about the future as well. We have breached over 108k, so we have hopes about reaching 120k before new years, but if we reach 115k, then we would have hopes about 130k, so the higher we go, the higher expectations go as well. I believe that we are looking good right now and peaking at 200k is looking more and more realistic for the new year, I do not know when, but if that happens, it would be lovely for all.

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Quote from: Xcode7 on December 17, 2024, 08:22:20 PM

I hope so and I am also quite optimistic about it seeing from what is happening now when there is no correction that is too deep when there is an increase in price either for Bitcoin or Altcoin even in December Bitcoin has touched its latest ATH several times without any deep correction which means that the positive movement will continue to occur.
December will increase and early next year will also increase, currently we are in a Bull market and that will happen in the next few months so it is better to stick to the investment you make to take maximum profit.

From what I saw yesterday, there is going to be a correction and when it does, I hope it's going to be a healthy one for crypto market. Yesterday, Powel was asked if there is ant plan by the fed to used Bitcoin as reserve with the way gold are used and he clearly stated that they are not allow to own a Bitcoin and they don't have any plan to used Bitcoin as reserved. That's has change the narrative of what Trump want to do for the market and we don't know what next until after inauguration.

Powel said that the congress has the right to support it but they are not ready to change the law which means the law of digital asset isn't coming to their reserve right now, the presidency doesn't have that power unless the congress support the bill and it's pass, that's when there is going to be consideration and will the US government have time for this when they have many other things to sort out? That's left for the new government to decide, so we wait.

YOSHIE

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Quote from: TIME IS ESSENCE on December 05, 2024, 05:02:53 PM

how do you think market will look like this December?

My understanding is that in December, whatever type of trading you do is still conducive, spot, margin, futures, these three types of trading features are still a priority for crypto users in the market.

The proof is that $107k has now fallen to $104k, I am sure that an upward position is still a hope for crypto investors and users, which is certain for those who have trading knowledge and are experts in that part of the crypto market which is always good for them, the point is that they understand the up and down charts tothe crypto assets they trade.

But for those who are not experts and understand any trade, market consequences are always bad for them, the point is that knowledge and the market become one.

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Quote from: Z_MBFM on December 17, 2024, 01:00:09 PM

Quote from: TIME IS ESSENCE on December 05, 2024, 05:02:53 PM

How will the market movement be like this December??
Hoping for a successful end of year 🙏

The entire month of December is very good for the crypto market. And during this period all other potential altcoins including Bitcoin will see Bull Run. Bitcoin price has already risen to $108k as of today. Market conditions look like Bitcoin price could hit $115k by the end of December. But after that the market correction will start which can cause the whole market to crash a lot. So this December is a golden opportunity for holders, traders and the entire crypto community.

Totally disagree with you, December always have bad for cryptocurrency market how altcoin drop significant recently although in other side bitcoin success hit new ATH price to $108k. Few days left we have crucial moment for Christmas and many people celebrate that moment will sell their bitcoin or altcoin assets until take holiday at the of this year.
I don't think golden opportunity in this December how significant drop from altcoin and market looks not friendly after many top altcoin price decreasing.

But for bitcoin looks stable and success hit new ATH price, don't forget if bitcoin decreasing few percent have bad impact for altcoin most significant going down and today altcoin drop.

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Quote from: Z_MBFM on December 17, 2024, 01:00:09 PM

Quote from: TIME IS ESSENCE on December 05, 2024, 05:02:53 PM

How will the market movement be like this December??
Hoping for a successful end of year 🙏

The entire month of December is very good for the crypto market. And during this period all other potential altcoins including Bitcoin will see Bull Run. Bitcoin price has already risen to $108k as of today. Market conditions look like Bitcoin price could hit $115k by the end of December. But after that the market correction will start which can cause the whole market to crash a lot. So this December is a golden opportunity for holders, traders and the entire crypto community.

I hope so and I am also quite optimistic about it seeing from what is happening now when there is no correction that is too deep when there is an increase in price either for Bitcoin or Altcoin even in December Bitcoin has touched its latest ATH several times without any deep correction which means that the positive movement will continue to occur.
December will increase and early next year will also increase, currently we are in a Bull market and that will happen in the next few months so it is better to stick to the investment you make to take maximum profit.

Z_MBFM

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Quote from: TIME IS ESSENCE on December 05, 2024, 05:02:53 PM

How will the market movement be like this December??
Hoping for a successful end of year 🙏

The entire month of December is very good for the crypto market. And during this period all other potential altcoins including Bitcoin will see Bull Run. Bitcoin price has already risen to $108k as of today. Market conditions look like Bitcoin price could hit $115k by the end of December. But after that the market correction will start which can cause the whole market to crash a lot. So this December is a golden opportunity for holders, traders and the entire crypto community.

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Quote from: michellee on December 15, 2024, 11:13:11 PM

It is nice to see the increasing of Bitcoin price into $106k. That's really mean for us, for Bitcoin investors to still wait for their target price to sell. This price will continue even though the correction comes again and push the price to go down.

Today, Bitcoin literally crossed $108k value and that's remarkable. I've already placed a limit short order at $110k a few weeks ago and still that order hasn't got executed and filled but I hope soon I will that order getting filled.

I personally think that after $110k we might see some type of price correction and during that correction I will take my profit and close the order or I will hold that order and average it if Bitcoin goes over $200k.

RockBell

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Quote from: Questat on December 12, 2024, 04:59:23 PM

Bitcoin price will still remain unpredictable. Though the market is bullish and we all have seen how people are being optimistic about bitcoin price, but since the holidays are just around the corner, then it's inevitable to see people selling rather than maximize buying so they can have a more festive holiday celebration. As an effect, bitcoin may experience price pump and probably going sideways due to the different activities of the people.

You can only predict bitcoin for a very short time and if that period there is a possibility that you might be wrong because 1 second the market is bullish the other second it's bear and that is just the kind of investment that bitcoin is so, if I could remember when they were making speculation about 100k that was doing the halving and the ETF approval and look at were the orice of bitcoin latter hit 100k during the us election so there are things that you will not really notice when it comes to bitcoin untill it starts happening am very sure that there are people that they will not really have believed that bitcoin will hit 100k.

The best thing is just that so that you do miss any opportunity is to invest while it's dip and that will be good for those that have the intention of holding, traders don't really have bussiness with the dip there is with the entire market they have to be lucky to be able to predict what will happen next in the market especially those that are into futures trading, that is one of the most complicated aspect when it comes to trading with a bigger risk, those aspect are suppose to be tempered with carefully.

Dewi Aries

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Quote from: LogitechMouse on December 16, 2024, 12:37:10 AM

Quote from: Dewi Aries on December 15, 2024, 09:54:06 PM

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From what I see, Bitcoin is now in the resistance area because it has managed to break through the previous resistance at a price of $104k and now the price is at $105k which is a slightly higher price than the previous resistance, and I also see that there has been a formation of a spinning top candlestick which usually indicates that the price will reverse, so according to my prediction for the next 10 - 15 days Bitcoin will experience a decline first, but it doesn't seem like it will go below $100k.

It even reached as high as $106,000 ($107,000 on HyperLiquid exchange), so I guess that would be the new resistance. Right now, it went down again to around $104,000, and as long as we stay above $100,000 for weeks, there's a chance that we will see new ATH after new ATH. Let's also add the fact that institutions are still buying Bitcoins like Microstrategy.

I did quick research on the spinning top candle stick, and it seems like it shows that we are losing momentum meaning the bulls are losing momentum on the weekly time frame. Well, after those weeks of bullishness, I guess it's time for Bitcoin to have some red candles first before going up next year. I mean red often associates with the Christmas season so... Red = Christmas, isn't it? Cheesy

I also expect a bit of a correction before going to 2025.

Yes, the point is that it can be said that now Bitcoin is spinning in the resistance area in general, but my friend, it turns out that now the price has managed to break through the previous resistance that I mentioned which is in the range of $ 104k where the highest price is in the range of $ 107k a little more, oh my God I really did not expect that Bitcoin would experience quite a significant change at the end of this year with a strong and quite significant bullish movement.

Regarding the indication of the spinning top candlestick that I mentioned above, it turned out to be true after that the price fell but it turned out to be nothing more than a small correction phase and a few hours after that it was broken through again. Overall, yes, now the price is really at a very high point, but that doesn't mean it's impossible to eventually go back up, on the other hand, to be honest I can't be sure that Bitcoin will soon experience a decline because I haven't seen any other stronger indications that indicate the price will reverse.

Topic: how do you think market will look like this December? (Read 798 times)