Topic: What will Bitcoin do next in the near term? (Read 881 times)

Yeah that’s true further halving is on the way for bit coin because the market is improving even more that’s amazing to see. I have clear mentality about holding and only holding until I become fully satisfied about the market pump.  This time is not so far because the market is making some strong and faster pumps I hope to see bitcoins having huge price improvement in bitcoin

In anticipation of the next halving, many cryptocurrency users expect bitcoin prices to rise, since in 2013 and 2016 there were similar situations where the cryptocurrency market reacted very positively to halving the rewards for miners.  But it should also be noted that the current state of affairs in the cryptocurrency market has a positive effect on most cryptocurrencies, which have begun to show good results.  Of course, the value of cryptocurrencies always depends on the development of projects, but at the same time on the demand for these coins in the cryptocurrency market.

Bitcoin will go up and again down and again up, maybe to 10110, and to 9800 and again to 10200 and again to 9900, and after maybe will grow close to 11k.

The positive results that the previous halving has done is most likely the reason why the people are being optimistic for this year and actual, they can be right or wrong. But the progressive outlook of Bitcoin's trend by now seems to be the fact will come into reality and Bullish can't be impossible to happen again. However, it is just too early to overly think that we gonna hit another high more than a thing that we get last 2017 coz if we can read the chart, the market never moves just it was before, the market just moves very slow.

The nearest term of this month will be a great increase as well. Now I know what you are thinking, the price looks to be dropping from the top of $9.6k and it went down as low as $9.2k with some people considering even $8.9k as a possibility nowadays but you are looking nearer than me, that is the weekly prediction for bitcoin.

The truth is when bitcoin goes down or goes into a bear market the price goes down a lot more than that, it goes down over 20% from the top price and reaches a very low bottom, sometimes even continue going further down after that. That didn't happened, we had a "correction" which means price is still going up, it will continue to rise, we just had some people take out their profits and we let them and after they are done we will continue to go up.

Bearish speculation near term due to us being in the region of a ceiling of sorts, caps to expectations for now makes some short bet more reasonable.  
  Right now I'm looking for an immediate close above 9250 or higher to stop an accumulation of the weekly MA indicating we have lost some momentum to the upside.   Also in this area is possible support, when lost adds to the idea of downside and some profit taking.    I think 8000 is ok to think about but a bit early to say.



Top prices match summer lows on daily bars also

Everyone has their own speculation on bitcoin prices. Most people are bullish and believe in the parabolic cycle, not to mention the upcoming halving. Having a steady market is healthier than having a sudden surge which will surely follow a massive price correction. I prefer, that is if ever the price will climb up for it to be steady and with a basis. Let us hope that the market will continue to be bullish as the halving closes by.

I am also believing that halving may play major role in coming weeks unlike what we had seen in the times of previous halving. In any market anything may happen and based on this, halving this time may not be the same unlike what we had previously. The current market trends are strongly emphasizing that because we never had this kind of strong bullish mode before halving in previous times.

Market may remain above $10k level after halving and before halving we may be struggling to test $10k levels and sustaining around it. Overall, due to halving, this year may remain bullish but there will be less possibilities for stronger bullish mode but there will be no action for bears hopefully.

Just after a month, it became more than $8,000 and about to enter $10,000.

Not just until the month of halving but it will be on a continuous journey. And it's not that it will struggle because the year of it has been passed and we're ready to flight again before and after the halving.

There's no specific reason why Bitcoin goes up in the market at this moment, it might be about the reward halving is coming and also might be just because of a whale. No matter what the reason is let's keep accumulate and hold while bitcoin is affordable. After the halving event has effectively happened, I guess the price will surge back in the market just like what happened before, the first and second reward halving event.

I believed that Bitcoin has potential when it comes to holding. If we patiently wait the best result, it will definitely have a better profit. Let's just wait at the right time and keep hold until the desired profit will achieve.

I think as the present standing of Bitcoin in the market, the development in the value of the currency would continue till the month of the halving. Bitcoin might struggle on holding its current price but, it would certainly retain its value now that the halving is coming.

There's no assurance that halving would be the main thing to boost the market value of Bitcoin. There could be other factors. As we would go back to the past, forks were the main factor that pushed the market value of Bitcoin and broke barriers with regards to its price. And now there's this halving thing. For sure the price will go up once again but no one knows when will such thing would occur. And this for me is the reason that there are still no assurance that halving would be the 'key'.

A few days ago the bears were able to break away from that level and then we entered the 8300 level, the bulls are trying to get back at that level or any attempt at 9000 will fail, there is a very interesting battle taking place that will decide the direction in which bitcoin will move during the next months, I really wish the bulls win the battle since I want to obtain profits like everyone else but I still believe the negative trend will once again take over the market and make the price of bitcoin to go down.

The price of bitcoin is now $8000+ that it started to increased its value since we have been talking about US vs Iran. I think the next movement of bitcoin is it could react it's price to $10,000 maybe next month of February or March, so that we can still continue to hold our bitcoins.

It was a good pump for Bitcoin from the point where you're talking. It's now I'm accumulation which is good for alts as we may see good volume flowing in. With having coming near we may see fluctuations with the market and new investors coming in because of all the positive speculations. Good time to invest and hold IMO.

Agree with your opinion, the question should be asked what are we going to do now? Bitcoin only reflects our results in this market, In January the bitcoin price went up from $ 6400 to $ 9100, but the excitement did not last too long. The price was quickly corrected and now it is on a downward trend, it seems that investors are still scared and have not dared to buy BTC to wait for halving.

bitcoin prices go down once again i hope it's not part of the bear trap, the price is in decline, let's see it's not under $ 7800 - $ 7700, at least stay strong above $ 8k until next february, speculation and analysis is indeed not always permanent, always traders and investors are the ones who determine the direction of the next bitcoin price, so understand the analysis just to keep watch your moments in trading, that's what I usually do in trading, but let's see that it becomes something interesting when it comes to approaching bitcoin halving either before or afterwards

it wasn't bitcoin who's doing the job but it is "US" because Bitcoin is a currency and behind of the success is the technology and the people whos believing on this so we as investors/users will make the move possible .

but the next move?i am not sure this soon because we are experiencing difficulties to grow up to $10k but i know there will be some good changes before end of the year or maybe early 2021.

Optimism is on the way...that was great! We'd all been hoping for Bullrun as I know but it all just depends on how the people interact to the coming halving. The result of this event is still not guaranteed to make the market runs smoothly, we also have to expect for dumps and I hope this won't make a change to our minds.
And for several times that I've said (and even some members here), we don't have to expect much for now.

Bitcoin will go on to higher price in the near term because 110 days left will come with bitcoin halving and bigger positive effect how to make bitcoin and altcoin back with higher price, do not worry when seeing bitcoin keep lower price but always large chance to get back much profit with bitcoin and altcoin during halving will come.

That could be an increase in bitcoin because it triggers the halving happen again, maybe history will be repeated again this year.
Even though this increase is still under correction this movement will still be quite up in the future.
I also agree with you that halving is triggering the price of bitcoin to go up high.

Speculations and different opinions with how things might be  after some months before this incoming halving will influence the market.
It's everyone hope that the market will be much better and continue to bring good value. Investors will decide to whatever directions this
market will be going to.

If we take a look at the price right now, bitcoin tends to be stable and increasing slowly, even though it was drop but not too much I think it was just a correction, I believe this is due to people are collecting and holding their bitcoin right now until halving occurs. And this will be stable and perhaps the price will increase for the next 4 months where halving will take place, hoping there's no issue or an accident like hacking or something that can drive bitcoin's price down.

I am pretty sure that the next move will be price increases. I also think that halving will be the trigger. although there are some people who don't expect much on halving, but I'm pretty sure that with halving, other developments will be triggered, and make the price of bitcoin, or crypto, be higher. as you said, it's too early to say that, but we can see it in the next few days.

We have seen that the price of bitcoin is now rising and this is a good sign, isn't this what we all want. we are all bored continue to be in a bearish market and now it is time to be bullish but still with an increase that goes slowly. Due to bitcoin halving information, the demand for bitcoin is increasing and this is affecting the current price of bitcoin. If you want bitcoin to rise steadily, it's better that we are all compact to buy bitcoin.

We are moving forward back then, at last. I don't think that this upclimbing trend is just because of the upcoming halving, may there is something behind on it or it means that the market is gaining huge resistance by now. It is been alike that we are getting close to the bullish market. Looking forward to more market surge in the coming days...

Anyway, we are still early to say something for the bullish, yet to be exciting to see but I don't like to expect more at this time just like what most did.

2 weeks away from this posts and we are seeing quite good difference in price.
I bet everyone should be happy by now. Are they? Or is it still not enough?

I think April will be the real deal here. When it is so near the halving that people will panic.
Something like a Panic buy when all is said and done.
My prediction is that, it will really cost them a lot at that time telling themselves I should have bought it before.

for now the price of bitcoin is rising now and even seems like bitcoin continues to hold at $ 8600, will it continue to go when it actually enters the weekly trend, if we enter that trend we will see prices will be higher above $ 10k, but it seems we are still walking leisurely enjoy it out of this January, prices don't seem to be low under $ 7k anymore according to my analysis and if it continues to play at a price above $ 8000 until februari later everything will be fine stable until finally the price rises even sharper in some time

Its a good time to be watching right now I think though BTC is sporadic in movement, we are on a division between positive and negative movement imo.   Blue on this chart is where I regularly watch to observe a sentiment change in near to medium term as it represents momentum over a rolling week average.    We clearly gained alot upto 200 day but also saw selling after this from speculators closing positions




What I want to see really is confirmation of some support, so that can come in now at 8600 area and move higher for another take at the high there for longer term positivity or we can retract a little further back to what I expect is 8000 area.   This is an old negative trend, also relevant is 50 day (7600) but I consider that not immediate support for price but an indicator.

To be honest, we can't predict the next Bitcoin's price in the near future, because the unexpected volatility are always existed in the market due to the manipulation of the whales and other reasons related to some countries like, China.
Hopefully that Bitcoin will rise with a big amount during this year. For now, we have seen a good start in this month. Fortunately, Btc rised with an acceptable percentage ( +20% ) despite there is a little dump in this current period but it is expected IMO. Let's HOLD and wait for the next halving just few months left.

Everyone has their own analysis / chart when determining the price of Bitcoin whether it goes up or down.

We can take as an example from the prediction or development of bitcoin from year to year.
My opinion Bitcoin this year will also increase, if reviewed from 2017 to 2019 also has increased in different months, but if I say, the possibility of bitcoin this year will experience a peak in the 8th month until the end of 2020, this is my thinking, can be wrong and can also be right.

The point is: have you invested Bitcoin this year for futures.

I think that bitcoins price will increase from now on. We were noticed that the price went up in the last few days but currently it seems like it's into correction or probably because of what happened to the guy Peter Schiff who lost a lot of bitcoins cause he forgot his password.

Bitcoin back with lower price first before growing up to higher price again and make new hope with bitcoin until halving time moment coming, maybe few days later bitcoin back with lower price under $8,400 and growing to higher price after Chinese new year and touch more than $12k before halving time is coming and make bitcoin have higher price again.

That is right, the current market situation that we have witnessed now is just having small corrections. Even though others speculations are saying that bitcoin price has been manipulated and I am sure that is also one factor of sudden up and down of price in the market. Panicking is not a good idea and it won't help the entire market makes healthy. Just wait and hold on until the event of next halving that it will end, for sure there's a massive price hike after a month.

Sideways consolidation (=time correction) it is. I also expect some bumps in a tiny trading range, which is not really worth to trade. Weaker hands have the chance to sell their sub $7k coins for a nice profit, but the market will definitely move higher from here.

After a few days of traders trying to make the price of bitcoin to go above 9000 we saw a very important correction and now the price of bitcoin is trading at a key level, if we can sustain that level then your prediction about bitcoin reaching 9500 during the next month is completely possible and we could see a very positive year for the market of cryptocurrencies, but if that level doesn't hold up then we're going to get a problem and most likely the bull run will have to wait until after the halving.

The way BTC is piled up against 9000 I guess looks bullish, I think they call this a bull flag as the pole then the triangle like shape at the top predicts a resumption to that ascension.



Here is price vs the 2 day average, its quite close but still further ahead of the weekly average.   Price seems positive still, I'm not yet expecting larger prices until we get a proper reset around a support line.   Selling into support and then a rise from there would suggest we go past 10k and so on.

I think the next in near time, bitcoin always tend to rise price. in my opinion it cause imlek coming, but after imlek happen the bitcoin price still increase high price its make possible that bitcoin price can reach at $10,000 in the next month.. for me i still wait for this if it really happen then bitcoin reach $10,000 is good alerts that bitcoin halving will happen

According to the analysis of some analysts on the cryptocurrency market, we should observe what is happening until April, and if the Bitcoin rate gradually increases in price to $ 9,500, then it is expected that the whole of 2020 will be successful.  But if the results are completely different and Bitcoin does not reach this milestone, then the entire cryptocurrency market expects a rollback.  Indeed, the price may go down to $ 8,000.  at least for today I do not see any special factors that would affect the cryptocurrency market, but nevertheless, the price movement over the past week has been very active.

While reaching such low bottom is now very unlikely it is still not completely out of the picture, everything will depend on whether or not bitcoin is capable of closing above 9000, if that happens then immediately there is going to be a very bullish reaction to that, but every time the price of bitcoin gets close to that level the bears react very aggressively, they are defending that level to the best of their ability and if they are successful I will not be surprised if we go back to 8000 once again.

In last months there seems to be sentiment that Bitcoin should go quite low in February and March. To sub $6000 levels or even make new bottom. But with every day that passes, that is less possible. Halving is approaching and there will fro sure be a prehalving pump with all the hype so many are building about halving.

Bitcoin look make pattern to buy again after many time back with lower price, although have moment with bitcoin to buy and re investing again, you can check how bitcoin make pattern form where higher and lower and now moment for bitcoin back with higher price again with most expensive price.

Just as you started this thread bitcoin gave us the answer, bitcoin moved to 8000 dollars really quickly and this could be a very good signal for all of those that are waiting that the halving is going to bring us a new bull market, and while that is a very strong possibility I'm still not so sure that the bull market is going to happen before the halving as many people are speculating, so you still have a significant amount of time to buy bitcoin before it goes up once again.

I too was thinking that price was already priced in right now and everyone is smart enough to buy according to halving so there is nothing left etc etc, but maybe whales wants us to think like that?

I mean looking at costs of mining and all other stuff it is obvious that price at this level won't be sufficient for miners to continue, hashrate is going even higher so they are not stopping neither and we are talking about people who can keep their coins and sell 27k bitcoins all at once after one month of mining after the halving as a punishment to all of us, that would cripple the economy for us but for them as well but at least they would send a message, we wouldn't want that. So, I think there is a big chance that whales kept the price low and are buying as much as they can before they will let it go and let miners increase the price.

8 thousand is not something we should aim tho, I would rather go to 6 thousand then go to 8 and stay there at this point, if we go anything above 9 that is fine and I want that but if it is not going above 9 thousand then at least going under 6 would mean to wake people up from their sleep, right now too many people are basically doing nothing, there are more people who are interested in bitcoin then people who are doing something about it.

Just in my nation the consensus is to just wait in fiat and not doing anything for a while until we know what bitcoin will do, well if you just wait and watch then there is nothing bitcoin can do, people are the ones who can take up and they are "waiting" for it to go up, that is not how bitcoin or any market works really.

$ 8,000 cannot be avoided at this time, just need to ascertain whether it will be stable in the new zone, or will experience a correction back to the same price as last week. Suddenly bitcoin gained strong fundamentals in just a few days, for some points I think this is a good reason to start strengthening the accumulative movement above $ 7,000

I hope it all be seen like this, 30-40% of profits is really awesome. However, it won't look like that instantly, it all goes in a process and a so-called market accumulation. At this early stage, we better-prepared for anything and buying more coins for future trades is probably the best idea before we start to pump. But of course, we have to choose the most profitable coin in the market for ROI assurance.

in the near future there will be a correction of the price increase this week, whether to continue the trend or even a false break level of $ 7700.
Because we know that $ 7700 is a minor resistance level, we need confirmation before determining the next direction.

Last night I check the price bitcoin and it's around 7500$. Then, I check it again before I go to school and its now around 7800$ to 7900$. And, in just a couple of hours we see an upward movement in the price but we are not sure if this thing will continue. I'm still not sure if this few rising price of bitcoin is the early sign that we could see another bull run. I guess the next movement of bitcoin maybe it can reach the price of 10,000$ in the end of January and I also earlier that bitcoin almost reach 8000$.

Bitcoin look forward in the next time after bitcoin price today growing up about 5%, now bitcoin have been close with $8000 and possibility higher and touch more than $10k in this month, many good prediction about bitcoin price giving by master and expert bitcoin prediction by getting good support from company and country looks friendly with bitcoin and altcoin become legal currency payment transaction.

I think in the future bitcoin will experience an upward trend now the price of bitcoin has gone up to $ 7800 a little more will reach $ 8k ... if in the next few days bitcoin continues to increase I am optimistic bitcoin will reach $ 10k at the end of January. and I think this is a good sign that this year bitcoin can pump up high and give us a big profit.

bitcoin seems to be starting to move to higher prices. The speculators start predicting for the long term. maybe because Halving's moment is getting closer. that is why analyzes give advice holding for the long term. January is now starting to move up accompanied by Altcoin. Hopefully the next month the higher the price of Bitcoin and ALtcoin will follow as well

at this time i have seen that. bitcoin continues to move up. 1 January 2020, Bitcoin made a surprise dump at $6900 to panic bitcoin holders. but a few hours later back at the pump, it left $7100. and continues to increase to this day. I'm sure bitcoin will reach $8,000 in the next few days. maybe one more week. slowly but surely. bitcoin gives a sign for bullish.

-weekly dragonfly doji: bullish
-monthly 20ma holding as support: bullish
-bitfinex longs have dropped 10% since mid-december: bullish
-the crypto greed & fear index has said "fear/extreme fear" since november: bullish
-expectations for the halving are pretty low: bullish

the market is priming itself for recovery. we're still in the disbelief stage where everyone is skeptical and scared to buy back. my gut tells me we'll be climbing the wall of worry by february.

one of these days there's gonna be a weekly pump candle like april 2019 that'll kick off a new bull market. we just gotta survive this painfully boring sideways first.....

Let's segregate the year into 4 quarters, i believe the users are really looking to see the btc value over 10k atleast in the price chart but it looks like dream for many people who wants to earn some bucks with the help of cryptosystem
We were not sure how the coins will perform bigger in the market.
But like all wish even i looks to see btc at its best this year.

Expecting $10,000 is just too much because bitcoin could roughly move to $8,000 with the current situation of the market. We still don't know what could be the possibility that would happen to bitcoin when most of the prices are all speculation.

The near term is the big halving party coming upon us in May. However the first big run up already happened and we are in consolidation / accumulation time for the smart money. The cme futures 6 months just started and they will surely capitalize on the halving hype in May. Trade / invest accordingly and enjoy your 30-40% profits with very easy trades ahead of us.

We are seeing a slight increase so far in these first few days of the year. I expect the price to rise up to $10,000 by February 1 because of the upcoming halving. It should continue to increase up to and beyond the halving.

The closer it gets to halving, the price will definitely increase. So the scenario you give will not come true. Currently the market is showing signs of a slight rally and it is very likely that in the next few days we will get a pump and bitcoin will reach $ 8000. Until halving in May 2020, I believe bitcoin will stabilize above $ 10,000

actually nobody knows for sure what the price of bitcoin is tomorrow? this is all just a prediction that can be true or false. in my opinion the price of bitcoin in January will remain at the level of $ 7k maybe at the beginning of February bitcoin began to enter the value of $ 8k. and in March or April maybe bitcoin value will dump again before it is reduced by half. and maybe if bitcoin is dumped the lowest point is $ 6k.

I think there are two separate things happening. There's the actual effect of reduced production hitting the market (a longer term effect), and then there's the hype/speculation factor, which historically has manifested as a "buy the rumor, sell the news" event. In 2012 and 2016, there were significant pumps in the months preceding the halving. We haven't seen that materialize yet but I think we will over the next couple months.


I still see room down to the mid-$5,000s in a final shakeout, but the door is probably closing on that. Once we've cleared the 20-week and 200-day MAs and the downtrend line from last June, I'll be more comfortable calling the bottom.

Reality is nobody really knows, no one can predict what is going to happen in near future and know how to do it, they can just guess and assume but no one "knows" what it will do. Sure someone may end up buying bitcoin because they think it will go up and end up going up but they are just as gambling the movement as the guy who sold it, one of them happens to go right eventually.

However, with that being said there is nothing wrong going on in bitcoin right now and everything looks to be in right order so I assume it might end up going up a bit and that means maybe bitcoin price might go over 10 thousand dollars this year if everything goes according to plan (not like it always does in bitcoin so I might be wrong), that is why I am currently saving my bitcoins and not selling them but I am not 100% sure about it, just 70% sure.

Bitcoin has not gotten to $8,000 since when he dropped below it in 3 months ago. The recent little rise in its price since 3 days ago seem promising this January. From past events, bitcoin do not usually drop during January and the price could be over $8,000 anytime soon.

That does not mean the bull market has began, bitcoin price will only rise a bit and fluctuate at a certain price rage. It can not rise above $8,000 until the bull market will start.

I presume the bull market to begin some months after halving.

I'm not like of last year, and this time I'll be more positive that Bitcoin will move high even before halving is done. We've been riding just like a roller coaster as we know that, no crystal ball could tell what next but the current market flows tend to move a little bit high and the buying support had meant a lot for this situation. And that it fuels for a growing price in the coming days.

it is highly unlikely to see bitcoin price go down because of the strong buy support and the upward trend that we have been having for the past year. but it is very easy and possible to see a sudden manipulative dump to push the price down all of a sudden and cause some short term panic sells. this type of drops are also very common, we see a sudden drop in an hour or so and then it jumps back up right away within the next few hours and this time it could act as the ignition to start the next rally.

You know what, bitcoin can do whatever in the short term, and we don't know what will happen later. But if we can analyze the trend, perhaps we can some information related to the bitcoin price movements. But I am not sure that the price will go to the next higher price in a short time, but the bitcoin price will still fluctuate, and it will move to any price level. So if we want to make a profit from bitcoin, make sure we can analyze it with the right, and we should prepare for anything that can happen with the bitcoin.

You need to plan well in order for you to catch the right timing. The market volatility are still there and still giving unpredictable movements.
It a must for each individual who continue supporting bitcoin to be involved providing the good side of this chain and not alone be stuck with
investment features instead provide usages and the benefits of using this crypto currency.

just be ready for the upset.
instead the bitcoin price warming up to increase welcoming the bitcoin halving in the next few months.
it could turns worst , i expect a slight drop right before the halving .

but then 2 or 3 months later start the rally to the new all time high.
is that what most people wanted? a new all time high? but forgot that there is a consequences, a risk behind the price to reach the new ATH.

someone must be suffering huge lost .

Today bitcoin have raise higher price and near with $7500, will be good day for bitcoin to back on higher price after one year keep lower price always, we need to promote whit good side and information about bitcoin at the future to give chance for our friend seeing bitcoin on the top price, have to invest much whit bitcoin before price want to back on the top again.

I don't think the halving is priced in, I just see it as a non-event for the market. The halving will show up in market over many months, not as an immediate event. I could see the price going either way or doing nothing, depending on how the various market forces that want to make a statement about the halving and push it up or down around that date end up balancing out.

I think the reason the halving is a long term delayed effect is because there is a lot more pre-existing Bitcoin being traded each day than any amount that is hitting the market from recent mining rewards. So in the short term, regular market forces, irrespective of halving, are much more influential to the price than the mining reward change. But over many months the smaller amount of new Bitcoin being added to the world, and therefore added to the markets, gains more and more pressure on the price.

Bitcoin's halvings are like a tidal wave. At the event it'll only cause a small ripple that won't even be noticed among the normal waves of the market (unless big whales really want to force the market to take notice of the event). As time progress the wave heads toward land and starts to slowly exert an upward force, once the wave is close enough for everyone to see a FOMO breaks out and the wave becomes huge and starts creating market forces itself. People don't freak out from the tiny change when the event happens (this year), they freak out when they realize that after many months of gradual upward pressure the price is above the old ATH and continuing to go up. Enter FOMO (probably next year).

Oh wow someone on here knows me! haha. I feel special. Yeah I tend to be here for a few months and then go away for a few months. I go in and out of being excited enough about Bitcoin to check the forums haha.

Nice, good prediction. Yeah to me it seems that $6k levels have gotten rejected enough that the market is preparing to move away from the $7000 level soon. Wouldn't be surprised to see it happen in a week, or in 3 months haha, who knows, but I don't really see it breaking down by like a thousand bucks again from this point or anything like that.

Sellers are going to front run one another knowing the event is coming. In 2016, BTC crashed 30% 3-4 weeks before the halving. With Litecoin earlier this year, it crashed nearly 2 months before. This makes timing impossible.


People always focus on events, news, etc. It's just the easiest way for their brain to justify price movements. That'll never change. The prevailing sentiment I see is still "the halving is already priced in" which bodes well for Q1.

Halving will decide on many things, not because I am expecting the price to go up, I rarely expect any price to go up but it will decide on if it will go down or not. Remember just few months ago when the BAKKT system started? The price went down, was BAKKT a bad thing? No, but there was a lot of people who expected price of bitcoin to go up when BAKKT happened and when the price didn't moved upwards all those people sold their coins, so something good happened but price went down anyway because the good wasn't good enough.

I am afraid of the same thing during the halving, maybe halving will happen and it is a good thing and miners will have less coins to sell and price should go up but if it doesn't go up too quickly or too high then people may end up deeming it not good enough and sell once again just like the BAKKT situation.

I believe in January the price of bitcoin will surpass 10,000$ because of the ongoing war between the United States and Iran. The war will make the economy of Iran and many countries in the world unstable and the demand to buy bitcoin will increase in the near future. And The price of bitcoin in 2020 will certainly not collapse again, 6500$ is the bottom of bitcoin in 2020

Not sure though but I guess Bitcoin will still sit around $7000 or simply became stable by the month of January and February. The halving is expected to occur on May so I guess there will be only a movement after that event. But who knows Market is always unpredictable there might be something happen that is hardly enough for Bitcoin to make a move.

it's very clear at the moment the price of bitcoin is trying to rise to $ 8000. I am quite optimistic to see prices go up today, moreover, the price has reached the price of $ 7500. other than that I think a high price increase will occur after February and I think the potential is more than $ 8,000.

In Bitcoin land most of the gains are booked within a very small time frame. It wouldn't really surprise me that the actual pumping starts just a month before the halving, then sell off a day or two before the actual halving (sell the news event), then trend up from there and really explode later on.

I do not believe that the halving is priced in yet, but what does somewhat bother me is that so many more people are focusing on events nowadays. There is no shortage of youtubers and whatnot pointing out the block halving, certain pattern formations, etc. This is exactly why I do expect a very late pre-halving pump, just so that it comes as a surprise when people are disappointed that the price hasn't done much.

People are optimistic right now, in the most part because of the halving, so I think it's easier to reach the 8k usd level in a near future instead of 6k, but it's so hard to make a prediction these days....

May be a pump. This is just a wild guess however it makes me feel a kind of obvious thing to happen. May be we could hit greater than $8000. Because we have a strong support so I don't think we ain't have nothing to be worried about. Hope that such situation will last long though.

Probably this January as well? We have been at $7000 since last month, so may be if it going to do some changes then may be it could go this January as well.

Bitcoin will on higher price because we really very close with halving time where can break bitcoin to higher price, each four year always have halving time for bitcoin and become the way for bitcoin raise to higher price, not have to worry when seeing bitcoin still lower price because when halving have close bitcoin price back to higher price.

This is what we all wanted to happen, and this time that the price of BTC didn't move too low and too high we cant still determine whether this year is a pumping term or not, in the near halving we may atleast see difference which is not too big or too high on what we expected to happen.

I don’t think there will be a significant drop from this point forward. I think we are too close to the halving for the price to drop much more. I expect a price increase in the next couple of months.

More likely to be greater, so I personally will tend towards the $8k range. But the fact that the price has been stable around the $7k region is quite comforting as it has been about stability for a while now.

The bitcoin market is really unpredictable.  Even pro analys is having a hard time guessing the next movement of Bitcoin.  I think there is nothing we can do to know the next movement than just wait for it to happen.  TA provides predictions but it is just a 50/50 chance or way lower for that prediction to happen.  they always present a two way movement which simply shows that they themselves are very unsure of what will happen next to the Bitcoin market. Like for example, some news about a possible Bitcoin breakout to $10,000 yet it also tell the possibility of Bitcoin to go below $7k.

February, and up more than $8000. We're free to speculate about bitcoin price but people's speculation not means to be benchmark for others to believe it directly. My reason why said that because maybe people start to accumulate at that time for preparing halving time. Usually  before event started, price already pumped.

Anything is possible, but perhaps the most likely is that a few more crashes will occur before halving, under $7k and close to $6k. I am not sure how long it is possible to keep the price stable as it is now, but the bears will surely have a few more months to try and bring the price down as low as possible. I know some are still waiting for that big drop ($close to $5000), but that may not even happen, so any purchase below $7k is not a bad investment.

Maybe we're watching a reprise of 2016 which also was halving year, and history tells us that the pre-halving time have almost no significant effect on the price.

It think it will just move up and down near 7K price for probably half of year before gaining a significant positive moves and hopefully we can end this year like $10.000 USD. For now until the halving time, Bitcoin price won't be interesting to watch.

@thecodebear I’m expecting bitcoin prices to rally up to $8k by January end, and then up to $15k before the halving event takes place. Also with tensions brewing between Iran and US I wouldn’t be surprised if prices suddenly shoot upwards in anticipation of a war (though I’ll wish no war takes place as it’s the last thing we all need to witness). Another factor that may further trigger bitcoins prices rally is the announcement of South Korea’s government not to tax crypto income from it’s citizens, you’ll can read more about it in this thread: https://bitcointalksearch.org/topic/m.53508497

I doubt it would change though. I mean, there hasn't been much news regarding possible opinion changes of users that could change the rate of demand to supply. There's the idea with Iran buying BTC at high prices but... I doubt a single country could change it much. I think only a few traders in Iran would actually follow the idea of buying BTC for high prices. It's enough to push it up for a bit, but only by a few hundred dollars.Well, Obviously. It would need to pass the $8k mark before going up any more. Seeing as the latest movement has reached $7.4k, reaching $7.5k could be possible in the next few days, but without anything to push through to $8k, Like a big news or such, it isn't possible for BTC to push. The $7.4k push was recently attributed to Iran buying BTC at high prices in their country so yea.

in my opinion ; next weeks prices can rise above 8500 usd and bear market to end too next month february . i think people will start buy bitcoin again because halving approuaching . i am sure that most of people love halving  because it happend every 4 years and it is rare chance for reduce total supply mining in the market

I don't really want to make the speculation that it can now increase to a certain all-time high now but I guess it is going for the mark $8000 USD for now if we can cut the $7500 USD price I think we can step into the $8000 mark, I guess even if we had the bear market movement the price is surging out from it, and I think for now aiming for the $8000 USD is the safest speculation and the most real thing that can happen with the movement of Bitcoin.

No one knows since no man can predict the future.So these kind of questions doesnt only apply to yours but only in all people here on crypto.

We're tanking on 7300 as of this moment which is somewhat a good thing to see on this year rather than seeing a dump.

We are heading on halving event and we might see some sunshine on that time but its still not an assurance.

Most likely in the near future Bitcoin will increase without any adjustments. Currently the price of bitcoin is going up at $ 7300, and we are in the 2020 bull run. IMO , certainly from now until halving, the price of bitcoin will increase at least 30%. That's just my personal opinion and there's a lot of different predictions here, so we need to wait to know exactly how the market will move in the next few months.

Long time no see, thecodebear. Good to see ya!

Sub-$7K levels just got swiftly rejected, the daily candle closed as a bullish engulfing, and this $7,200-$7,400 range feels like a bullish consolidation. So my money is on an upwards move to the mid/upper $8,000s where we will test the 20-week MA and this downtrend line:


Time is running out for the weekly and monthly downtrends. January could be the month. The halving is getting damn close.

some time from now, it seems like big investors haven't come home from their holidays, just waiting for a moment to relax now seeing yesterday's price movements seems to be enough to give a surprise sign for the next price where people seem to be pushing above $ 8,000 too, I'm still waiting for it every day now

february forecasts but bitcoin is unpredictable prices can grow rapidly in 1 days ,I think when you see movements in the old altcoin then trend will definitely to bitcoin like a helpful attraction ,we too seen recently a small correction and this will going up to 8500 in near future we see hopefully my speculation is right

We have no crystal ball but as usual it fought back to $7,300 quickly when it dropped to $6,900. I think that scenario already proved that things that are happening globally is also affecting bitcoin's price. The strike against Iran, I still haven't concluded the situation and connection of it to bitcoin but Forbes just published these articles, Why The Bitcoin Price Could Hit $50,000 In 2020 & Bitcoin Will ‘Moon’ If There Is War With Iran, and we know how influential there are.

With these kind of articles coming from media will also help to push the prices up and basically, we have that feeling that it will go opposite instead of what they're trying to convey with these articles.

Bitcoin look near close with $8000 just several days later or become two weeks again bitcoin raise with higher price above $8000, when halving will come close maybe bitcoin have chance to grow up above $10k but depend with how respond from investor keep selling or buying bitcoin, when many investor make drama for selling bitcoin we just see bitcoin keep with lower price.

I don't think it'll go too low*, I'm speculating it will stay roughly where it is right now, so no significant moves in either direction. If we see a bigger drop after February, close but not right before a halving, then I'll revise my projections to ones that are significantly more pessimistic.

*but I wouldn't bet my life on it, last low brought us back to where we were in May.

Bitcoin will not go below $ 6000 we will see an upward movement going forward, in January, February to May it will move even more upward because it will face halving as uncertain as there will be many people to buy bitcoin to hold in the next few months .
So I think positively this month until the next month it will experience a good increase.

Hmm, to the two people who commented so far...you do realize I wasn't asking you to tell me the future right? Like, I don't think you know the future. I was asking what people THINK will happen. As in, take a guess and give a reason why...ya know, for fun. Price has been fairly steady for a while, so do people think the next move is up or down and whats your reasoning. For example, I don't see it dropping below where its been, so I see a move up to $8000s by February at the latest. Market doesn't seem to accept $6000s for very long and the testing of this bottom I feel is coming to an end soon. Seems like the market is just waiting for something big to shock it into bullish action. It's had some big fake out bullish moves but nothing has been sustained yet.

No one really knows tbh, and honestly, no movement is a lot better than downward movement. And it's honestly not strange for the price to stay stationary for a few months. Just means that nothing has pushed the traders to immediately buy or sell their coins.

Changes may occur after a few weeks, but no news so far regarding the development of Bitcoin. There was the newß regarding the digital currency of China, but it was only an announcement so far so yea, no real influence as of yet.

If we just have the power to see the future then we will still not tell where it will go. 
No one does know.

This kind of question have been asked here a lot and still the answers will be the same. Try to just look at your own imagination. 

So Bitcoin has been sitting around $7000 for quite a while now.

What do you think the next significant move will be? Up or down? Down to low <=$6000s or up to >=$8000s?

And when do you think it'll make this next move? Jan? Feb? Later?