Seems like the bullrun is over this year!

KTChampions

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Quote from: 2tang on December 10, 2020, 01:48:20 PM

The increase in the price of Bitcoin in 2020 is the highest increase in price after 2017, although currently bitcoin has not been able to pass the $20,000 price, at least many traders or bitcoin holders have benefited quite a bit this year. If indeed the positive trend continues to occur in bitcoin in 2021, it will certainly re-trigger bitcoin price movements in the market and it is possible that the bitcoin price will be able to reach the $20,000 price range or even the price can exceed the highest bitcoin price record ever.

By the way, it would be very important to significantly surpass the previous ATH in this cycle. Otherwise, it will turn out that this will be the first cycle in which ATH has not been surpassed and the "hold to the last, no matter what happens to the price" model will be questionable.

mace15

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Quote from: cytpoway121 on December 10, 2020, 02:02:40 PM

Quote from: ?? on ??

yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k,
of course this makes traders very willing to enter Bitcoin

This year has been very complicated with crisis here and there especially the covid 19 pandemic; The price of bitcoin to me will continue to fluctuate and also experience price correctional stages several time; it is up to traders to decide to buy for the longest term and be at peace; or invest on the short terms. Either ways, do your research and understand why you invest in bitcoin.

Bitcoin is not just a pump and dump that if you will invest it is not a quick investment scheme. Price correction is just normal to see it may declined for a small percent in the market. So very true a person should understand the situation first prior judging the market and investing.

cytpoway121

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yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k,
of course this makes traders very willing to enter Bitcoin

This year has been very complicated with crisis here and there especially the covid 19 pandemic; The price of bitcoin to me will continue to fluctuate and also experience price correctional stages several time; it is up to traders to decide to buy for the longest term and be at peace; or invest on the short terms. Either ways, do your research and understand why you invest in bitcoin.

Inkdatar

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Looking at the current price in the market it is a higher price for the longest time. So I don’t think it is bad after all that it went up after year 2017. Possible you did not observe the market trend from the very beginning. Although it did yet not reach $20k and I can't say bull run is over for this year. If just looking for the bull run and the target goal you aim it will take time. Just invest on what you can afford since the market is volatile and unpredictable movement.

2tang

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Quote from: ?? on ??

yes this year it looks like it will be difficult for Bitcoin, because the price of Bitcoin is still not able to go up by $ 20k,
of course this makes traders very willing to enter Bitcoin

The increase in the price of Bitcoin in 2020 is the highest increase in price after 2017, although currently bitcoin has not been able to pass the $20,000 price, at least many traders or bitcoin holders have benefited quite a bit this year. If indeed the positive trend continues to occur in bitcoin in 2021, it will certainly re-trigger bitcoin price movements in the market and it is possible that the bitcoin price will be able to reach the $20,000 price range or even the price can exceed the highest bitcoin price record ever.

onecall123

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Quote from: cryptomaniac_xxx on December 09, 2020, 03:48:59 AM

Yeah but nothing to worry though, just a retracement as far as I know. We have been attempting to break the $20k price, however, there is too much resistance that the price can't really hold along the $19,500 and obviously a new break out has formed into the downsize. But then again, we have seen this multiple times already, so let's just wait, no need to rush things.

Anything can still happen, we have a 10% pump last month, there's still a possibility that it can happen before the end of the year, and the majority of us here are glued to the market chart, I doubt that the bull run is over we are in fact just starting out, with so many good news coming in its not yet over.

It needs to come down a bit more. I guess a huge number wish it drops much more, waiting to buy at low. We're about to passing very tough week for the Bitcoin and other major altcoins. Bullrun yet to happen and this is simple correction before a sharp rise.

TheGreatPython

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I would say that best way to see if bull run is over or not would be to see what happens next. We have moved 5% higher just this week, and that is not really that bad at all, we can't say it is over when it is going up this way, the price is still above $19k and reaching closer to ATH every single day inch by inch.

However what we can see right now is that we are not as volatile as we have been this past few months, which is totally true and could be understandable in the approach that we may not be in a bull run right now even though we are in a decent position to say we are doing fine nonetheless. What happens in December will dictate if we are still in bull run or not, and if we continue to go up and reach beyond $20k for the first time, that means we are in bull run.

FanEagle

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I really do not understand people who get excited about bitcoin prices so much and gets panic this quickly as well. Didn't you realize the price was super high when you were investing?

I mean it is obvious that you are not going to see this type of increase all over again this quickly. What was the assumption? That bitcoin made 2x return from $10k to $20k and that means it will also go from $20k to $40k and make another 2x profit as well?

You should have known that was nearly impossible. I am not saying price will plummet, I am not even saying it will go down more, I am just saying even if it goes up, it won't go up that much and you should be ready for falls as well. Hence, I do not understand people who get involved this quickly with that kind of money and fear every single move.

cryptomaniac_xxx

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Quote from: Argoo on December 08, 2020, 11:53:53 PM

Quote from: LogitechMouse on December 08, 2020, 09:09:50 PM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??

You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.

Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth.

Yeah but nothing to worry though, just a retracement as far as I know. We have been attempting to break the $20k price, however, there is too much resistance that the price can't really hold along the $19,500 and obviously a new break out has formed into the downsize. But then again, we have seen this multiple times already, so let's just wait, no need to rush things.

michellee

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Quote from: Argoo on December 08, 2020, 11:53:53 PM

Quote from: LogitechMouse on December 08, 2020, 09:09:50 PM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??

You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.

Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth.

Be patient, and we still have much time to see the bitcoin price increase this month or next month. We are still in December, so there are many chances for the bitcoin prices to go to the high price. But if nothing happens to the bitcoin price and stays at the current price, I think it will be no problem for us because bitcoin still has another time to increase. But it is a good time to buy back more bitcoin at a price now because who knows, after this moment, bitcoin price will start the rally and break $19k and even $20k this month. If that so, that will be a good profit for us because we can back to profit from the price increase.

Argoo

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Quote from: LogitechMouse on December 08, 2020, 09:09:50 PM

Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??

You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.

Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth.

LogitechMouse

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??

You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.

pixie85

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Quote from: lunnatic on December 08, 2020, 06:48:11 PM

Bitcoin is still stuck at $ 18500 strong support, and trying to get back up to $ 20k,
is it over? for me it's still early days, it's better this way, because the sudden increase will be a disaster, like 2017

The low at this point is around 18300 on bitstamp, even if we measure only candles and ignore wicks.

We can go lower and we will. Maybe not today but I'm petty sure we're going to reach real low support of 13000 somewhere in the coming weeks and it's still going to be bullish. As long as we're not setting up new lows every week the bull market is on the right track to a new high. People made so much money that it would be foolish of them not to bet on a correction.

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Bitcoin is still stuck at $ 18500 strong support, and trying to get back up to $ 20k,
is it over? for me it's still early days, it's better this way, because the sudden increase will be a disaster, like 2017

STT

legendary

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The important note at this time is the convergence of moving averages which shows a slowing of momentum over upto the last week. We challenged both today but remain up with the area of both, I'm sometimes told the direction and nature to movement can be more important then just price alone so for example the direction of 200 day and all the lesser measure is still rising which is extremely positive so to judge negatively now is still the exception. Weekly is still rising but if we can see the 2 day average drop below weekly it would be some signal to the bears to try some selling. Dollar hasnt moved anywhere especially, I dont believe any larger picture news is really forcing us to correct downwards hence the bias is still upwards just with some caution for this latest hesitancy, the OP calling the bullrun over is still far too early.

Oasisman

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Quote from: error08 on December 07, 2020, 04:38:46 PM

Quote from: TGD on December 07, 2020, 09:53:25 AM

Quote from: NorrisK on December 07, 2020, 08:14:07 AM

I wouldn't mind a nice retrace back to 16k or so by January 1st. After that it can go full bullmode and blast those targets. Saves me some in taxes Wink

Blowing the current price below 17K USD next year will surely create havoc on BTC community. It just mean that Bulls are weakening and might be a dejavu on the last bull run. I'm hoping that BTC will above 20k USD next to start a fresh uptrend. Holding the 20K USD mark will mak traders confidence to acquire more and it's a confirmation price that a new uptrend form.

It may happen as people tend to sell at the end of the year, a retraction below $17k won't be havoc, just a normal thing in the market. Bitcoin movement seems going sideways in the last week, fluctuating within $18k-$19k but can't break the resistance, if it last for 2-3 weeks people may consider to sell rather than hold.

If the price range like this last for 3 weeks, I believe It theres a huge chance for Bitcoin to break the $20,000 barrier.
As you can see, there was a strong support at $18,000 and Btc tends to bounce back a few hours right after It touches the support level.
People are still eager to see the $20,000 figure.

error08

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Quote from: TGD on December 07, 2020, 09:53:25 AM

Quote from: NorrisK on December 07, 2020, 08:14:07 AM

I wouldn't mind a nice retrace back to 16k or so by January 1st. After that it can go full bullmode and blast those targets. Saves me some in taxes Wink

Blowing the current price below 17K USD next year will surely create havoc on BTC community. It just mean that Bulls are weakening and might be a dejavu on the last bull run. I'm hoping that BTC will above 20k USD next to start a fresh uptrend. Holding the 20K USD mark will mak traders confidence to acquire more and it's a confirmation price that a new uptrend form.

It may happen as people tend to sell at the end of the year, a retraction below $17k won't be havoc, just a normal thing in the market. Bitcoin movement seems going sideways in the last week, fluctuating within $18k-$19k but can't break the resistance, if it last for 2-3 weeks people may consider to sell rather than hold.

stomachgrowls

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Quote from: Lmaooo on December 04, 2020, 01:10:28 AM

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

Cant say if you're late or still able to make it through because the price had tanked at this moment but there arent signs that it would be going up either.Thing here is that you do able to invest
your daughters savings which i would say that it is a risky move to be done unless if you do know the risk of losing here on crypto market then its up to you but basing up on your own words on
losing some of it due to market conditions then i precisely say that you are just new here.New people will really be having this kind of common action when they
do saw that is currently hyping and making themselves making out dumb decisions on investing their savings or all assets on the current run.

Dont let yourself dragged with FOMO because you wouldnt know if you had already bought when the price is already into its peak and when the market tends to shift
then its either you would make out some panic selling action or will really be holding like how many years just like to those people who bought 20k peak in 2017
and now they do only able to sell it off after 3 years.

For now, we cant tell if the bull run is over.Thing here is that you do know to follow up into your plans.

Wysi

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This is not new as there will always be correction periods and fluctuations when it comes to crypto/Bitcoin market. We cannot term this as end of bull run or start of bearish market. We have seen numerous such fluctuations wherein it hardly takes few days of week for bitcoin to recover the value, I would request you to remain calm and don't be a panic seller and keep yourself updated with all the price alerts to make sure atleast you don't lose further money from your daughter's savings. Bitcoin will pump up and achieve $20k by the end of this month.

TGD

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Quote from: NorrisK on December 07, 2020, 08:14:07 AM

I wouldn't mind a nice retrace back to 16k or so by January 1st. After that it can go full bullmode and blast those targets. Saves me some in taxes Wink

Blowing the current price below 17K USD next year will surely create havoc on BTC community. It just mean that Bulls are weakening and might be a dejavu on the last bull run. I'm hoping that BTC will above 20k USD next to start a fresh uptrend. Holding the 20K USD mark will mak traders confidence to acquire more and its a confirmation price that a new uptrend form.

Topic: Seems like the bullrun is over this year! (Read 946 times)