will we witness year end bullrun or bull trap?

temple

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Quote from: noormcs5 on December 02, 2021, 09:25:13 AM

Quote from: Vdecso on December 02, 2021, 09:21:09 AM

I think that we are somewhere in the middle now. The current look of the market is like open to every kind of result. For now, Bitcoin price is trying to cling to levels around $55k and $60k. The crucial point is this I assume. If it goes down below $55k, we might see the negative movement contuining. If the opposite happens, then I'd expect the rise to continue.

Bitcoin is hovering between 55,800 and 56,500$ for last few hours. I do not see any buying pressure at the moment and if this continues we might witness a dump of bitcoin price below 55,000$.
Is the New variant of covid the reason for this current bitcoin price movement ?

But this is all within an acceptable range. Dropping below 50k would make me more nervous, but even then I don't think we will see a serious bear market anytime soon. There might be a certain window within we could be moving up and down for a while, but I don't really expect extremely significant moves in either direction.

noormcs5

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Quote from: Vdecso on December 02, 2021, 09:21:09 AM

I think that we are somewhere in the middle now. The current look of the market is like open to every kind of result. For now, Bitcoin price is trying to cling to levels around $55k and $60k. The crucial point is this I assume. If it goes down below $55k, we might see the negative movement contuining. If the opposite happens, then I'd expect the rise to continue.

Bitcoin is hovering between 55,800 and 56,500$ for last few hours. I do not see any buying pressure at the moment and if this continues we might witness a dump of bitcoin price below 55,000$.
Is the New variant of covid the reason for this current bitcoin price movement ?

Vdecso

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I think that we are somewhere in the middle now. The current look of the market is like open to every kind of result. For now, Bitcoin price is trying to cling to levels around $55k and $60k. The crucial point is this I assume. If it goes down below $55k, we might see the negative movement contuining. If the opposite happens, then I'd expect the rise to continue.

Questat

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Quote from: justdimin on December 01, 2021, 12:37:01 PM

Quote from: chikading2016 on November 30, 2021, 10:17:51 PM

I am in favor of bull run than bull trap, btc is recovering and we are only 30 days away from the year end. This sign of recovering of btc price is the sign that year end is most likely a bull run. Btc back to 57k$ and I think it will not stop to 57k$ maybe it will go back to 60k$ above or even higher.

Yeah, by the looks of it, it seems like there is a good case this could be a good bull run and not a bull trap at all. I assume that it is going to be something very challenging for many people to realize how easy it is for bitcoin to go up. Many people expected it go down even more, a lot of people sold and waited for a bigger dip so they could buy, but the reality is that we are not going to be seeing anything like that at all.

I assume that there is a good chance we could end with another ATH by the end of the year and that means all those people who sold in order to buy more at lower levels would have to actually watch it get even higher.

We sometimes can't change the mindset of some people to think negatively and get panic once they saw a decline. That's their decision and they usually use this as their basis but the market seems to be unpredictable that most of the time we got wrong. Though we can make such a positive assumption however nothing could be sure about it. It could be a bull trap (very unlikely) or not (we're more on the bullish), we still need to keep our trust.

arwin100

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Quote from: rahmatrf331 on December 02, 2021, 04:12:16 AM

Quote from: doomloop on December 01, 2021, 04:22:12 PM

Quote from: Yaunfitda on November 30, 2021, 04:04:43 AM

4 years ago there were good news coming along in December like the CBoE and CME bitcoin future contracts. At that time no one really knows that is this kind of offering so everyone jump on the bandwagon and that's why the price goes to a new all time high that time, almost $20k.

But in this December? we need some good and positive news. The taproot implementation didn't do that much in November. So again, maybe if there is some news that will turn around the market this December, I'm not expecting a massive bull run.

I would say taproot thing is not something you get to use that easily with everyone involved. Look at lightning network, nobody cared about it but it was such an easy and fast and cheap method. Binance doesn't offer taproot or bach32 stuff just now neither, so I would guess that most people are still using either segwit or even legacy.

I know that it doesn't look like it is a good idea to hope for taproot to change something because it would make things a lot easier and cheaper but at the end of the day if it is not used then it would be useless, quite literally. So I assume that the price changes of 4 years ago and right now are not the same, it is quite different and reasons are very different as well.

Judging from the movement of the graph it looks like bitcoin will decline at the end of December, although the price can't fall to $50k but the price can't go more than $55k. many people are trying to bounce back and it seems that hope will be difficult for investors to achieve.

For now its hard to say it will not fall to $50k since if any bad news will spread which can create a huge panic to the people then it can possibly trigger bear market season but since we are still seeing a good figures and bitcoin didn't go down to that figure maybe we can say that we still have a chance to see it bounce back again. Maybe the less thing we can do is check how the market react until the end of the year since maybe this will give us an indicator about what will be the current next scenario to happen.

rahmatrf331

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Quote from: doomloop on December 01, 2021, 04:22:12 PM

Quote from: Yaunfitda on November 30, 2021, 04:04:43 AM

4 years ago there were good news coming along in December like the CBoE and CME bitcoin future contracts. At that time no one really knows that is this kind of offering so everyone jump on the bandwagon and that's why the price goes to a new all time high that time, almost $20k.

But in this December? we need some good and positive news. The taproot implementation didn't do that much in November. So again, maybe if there is some news that will turn around the market this December, I'm not expecting a massive bull run.

I would say taproot thing is not something you get to use that easily with everyone involved. Look at lightning network, nobody cared about it but it was such an easy and fast and cheap method. Binance doesn't offer taproot or bach32 stuff just now neither, so I would guess that most people are still using either segwit or even legacy.

I know that it doesn't look like it is a good idea to hope for taproot to change something because it would make things a lot easier and cheaper but at the end of the day if it is not used then it would be useless, quite literally. So I assume that the price changes of 4 years ago and right now are not the same, it is quite different and reasons are very different as well.

Judging from the movement of the graph it looks like bitcoin will decline at the end of December, although the price can't fall to $50k but the price can't go more than $55k. many people are trying to bounce back and it seems that hope will be difficult for investors to achieve.

doomloop

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Quote from: Yaunfitda on November 30, 2021, 04:04:43 AM

4 years ago there were good news coming along in December like the CBoE and CME bitcoin future contracts. At that time no one really knows that is this kind of offering so everyone jump on the bandwagon and that's why the price goes to a new all time high that time, almost $20k.

But in this December? we need some good and positive news. The taproot implementation didn't do that much in November. So again, maybe if there is some news that will turn around the market this December, I'm not expecting a massive bull run.

I would say taproot thing is not something you get to use that easily with everyone involved. Look at lightning network, nobody cared about it but it was such an easy and fast and cheap method. Binance doesn't offer taproot or bach32 stuff just now neither, so I would guess that most people are still using either segwit or even legacy.

I know that it doesn't look like it is a good idea to hope for taproot to change something because it would make things a lot easier and cheaper but at the end of the day if it is not used then it would be useless, quite literally. So I assume that the price changes of 4 years ago and right now are not the same, it is quite different and reasons are very different as well.

justdimin

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Quote from: chikading2016 on November 30, 2021, 10:17:51 PM

I am in favor of bull run than bull trap, btc is recovering and we are only 30 days away from the year end. This sign of recovering of btc price is the sign that year end is most likely a bull run. Btc back to 57k$ and I think it will not stop to 57k$ maybe it will go back to 60k$ above or even higher.

Yeah, by the looks of it, it seems like there is a good case this could be a good bull run and not a bull trap at all. I assume that it is going to be something very challenging for many people to realize how easy it is for bitcoin to go up. Many people expected it go down even more, a lot of people sold and waited for a bigger dip so they could buy, but the reality is that we are not going to be seeing anything like that at all.

I assume that there is a good chance we could end with another ATH by the end of the year and that means all those people who sold in order to buy more at lower levels would have to actually watch it get even higher.

chikading2016

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I am in favor of bull run than bull trap, btc is recovering and we are only 30 days away from the year end. This sign of recovering of btc price is the sign that year end is most likely a bull run. Btc back to 57k$ and I think it will not stop to 57k$ maybe it will go back to 60k$ above or even higher.

rodskee

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Quote from: husnija on November 29, 2021, 09:11:17 PM

in the current position, i still doubt where the bulltrap is going or not. If we back to 4 years ago, almost a similar incident occurred sideways and at the end of the year there was a fantastic increase

well that 4 years had already happened now so maybe the trap will occur again this next year as we are near approaching 2022 .
maybe we will count back again for another 3-4 years before another bullish happens .

Quote from: Rasa nanas on November 28, 2021, 08:44:17 PM

Buying bitcoin when the price is rising very fast does present a higher risk because the price can fall quickly. this incident is the same as the incident a few days ago when the price of bitcoin dropped from $59 to $54k. many people thought the price would keep going up and they bought bitcoin at $58k, but soon the price dropped to $54k. it could be said that many people were caught in this small scale bull trap.

Yups there are even whales that had just bought recently while the price is at 55k more so meaning they are not hindered with the high price.

Yaunfitda

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Quote from: husnija on November 29, 2021, 09:11:17 PM

in the current position, i still doubt where the bulltrap is going or not. If we back to 4 years ago, almost a similar incident occurred sideways and at the end of the year there was a fantastic increase

4 years ago there were good news coming along in December like the CBoE and CME bitcoin future contracts. At that time no one really knows that is this kind of offering so everyone jump on the bandwagon and that's why the price goes to a new all time high that time, almost $20k.

But in this December? we need some good and positive news. The taproot implementation didn't do that much in November. So again, maybe if there is some news that will turn around the market this December, I'm not expecting a massive bull run.

peter0425

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Quote from: husnija on November 29, 2021, 09:11:17 PM

in the current position, i still doubt where the bulltrap is going or not. If we back to 4 years ago, almost a similar incident occurred sideways and at the end of the year there was a fantastic increase

4 years is a time frame of each Bitcoin halving , remember that this happens mostly in that duration so meaning your comparison down to that season and that is really matter.
most of the year time brings dropping hard for the market but if we know when to buy and to sell , then we maybe safe in our fundings.
remember to Buy always in dip and sell always in hype.

husnija

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in the current position, i still doubt where the bulltrap is going or not. If we back to 4 years ago, almost a similar incident occurred sideways and at the end of the year there was a fantastic increase

Baofeng

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Quote from: crzy on November 29, 2021, 03:43:14 PM

Quote from: STT on November 28, 2021, 06:21:40 PM

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up. If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path. A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

I prefer a slow growth and a healthy one than to see the price of the market to rise and then after whales taking profit, we go back to a more cheaper market and this has been happening since then. Hoping not for a bull trap this year, many will surely lose money because of this. Let’s end this year on a better market, don’t spread FUD.

Of course, a slow growth is want we wanted, organic and not artificial. Because it is the price is being pump by some manipulators, then expect it to be dump as well once this crypto whales play around with our emotions again.

As far as FUD goes, it is part of the market, we all know that. It's really on our side to whether to listen to it or not and be affected.

romero121

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Quote from: crzy on November 29, 2021, 03:43:14 PM

Quote from: STT on November 28, 2021, 06:21:40 PM

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up. If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path. A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

I prefer a slow growth and a healthy one than to see the price of the market to rise and then after whales taking profit, we go back to a more cheaper market and this has been happening since then. Hoping not for a bull trap this year, many will surely lose money because of this. Let’s end this year on a better market, don’t spread FUD.

Yeah, a stabilized growth is more important against the steep growth. In recent days more Whales have got into the crypto market. Some will try to manipulate and create bull trap, but it won't work well as the past. People are much aware of it, and are more concerned about maintaining the portfolio than selling out of fear.

Fatunad

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Quote from: crzy on November 29, 2021, 03:43:14 PM

Quote from: STT on November 28, 2021, 06:21:40 PM

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up. If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path. A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

I prefer a slow growth and a healthy one than to see the price of the market to rise and then after whales taking profit, we go back to a more cheaper market and this has been happening since then. Hoping not for a bull trap this year, many will surely lose money because of this. Let’s end this year on a better market, don’t spread FUD.

We do love that organic kind of growth and not just those long green and red candle sticks which some people do prefer to see on.We dont know on what future holds because everything will vary on the demand which we dont have something to hold on.So as a crypto enthusiast then do all sorts of things on which you could possibly take advantage because this market is unpredictable and we know that opportunity comes one into another thats why you should think and act fast according to this things.
You wouldnt really be able to sustain if you dont know on what to do.

crzy

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Quote from: STT on November 28, 2021, 06:21:40 PM

There was too little reason to think 100k beyond momentum continuing endlessly even then the trajectory for gaining so much in this little time didnt match up. If price went exponential then sure any price can occur but I dont want price to act unstably even if it was straight up, I know it'll return down the same path. A steady rise over years will be the ideal, it might even exceed 100k if forming support every 10k of gain.
Right now the price action is challenging the weekly average, its gained 4k in a few hours impressive and keeping the recent low is bullish; it could end the year well but I still estimate it keeps in this region to further revise prices with volume in time forming support for a proper move to higher prices.

I prefer a slow growth and a healthy one than to see the price of the market to rise and then after whales taking profit, we go back to a more cheaper market and this has been happening since then. Hoping not for a bull trap this year, many will surely lose money because of this. Let’s end this year on a better market, don’t spread FUD.

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It seems like doing fine so far, I would wager that we are not going to see something that would be insanely unpredictable, it is going to be something decent by the end. I am guessing 60k+ is definitely on the horizon right now and I can't say if we are going to be actually there or not but I can say that it is definitely possible at this point. Maybe breaking into a new ATH may not be a great possibility by the looks of it, but it is definitely a possibility.

I am hoping that 65k or so would be where we finish the year. Whenever the price goes up right at the end of the year, it usually carries to new year and we keep on increasing up until summer, that is actually what I expect and really hope for bitcoin.

Rasa nanas

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Buying bitcoin when the price is rising very fast does present a higher risk because the price can fall quickly. this incident is the same as the incident a few days ago when the price of bitcoin dropped from $59 to $54k. many people thought the price would keep going up and they bought bitcoin at $58k, but soon the price dropped to $54k. it could be said that many people were caught in this small scale bull trap.

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Quote from: Raflesia on November 28, 2021, 02:25:15 PM

Quote from: jostorres on November 28, 2021, 01:21:49 PM

Quote from: Jating on November 28, 2021, 05:57:42 AM

-snip-

I would say 6 figures is the "next stop", it is not really stuck in just some timing period, could be 100k by the end of this year? We do not know, maybe it can be or maybe it won't be, but the "goal" that we have right now is not 70k, it is not 80k, its 100k. And that is why I believe that next time we have a huge bullish movement (and not just like some increase to new ATH again) that will be 100k at least or at least close to it. This is what I believe will happen in crypto, maybe it will be easy or maybe it won't be but I know that it will be aiming at that for sure. Let's hope that we break over it, that would be lovely to see.

We are unlikely to see the price move in one month towards 100k because it requires a big bullish which can multiply the gains very significantly but is the market able to fight the current?
Of course there will be a lot of targets happening in December, experts say 70-100k is the ideal price for bitcoin at that time, so I can't deny that this is a bit of a miss and bitcoin could be under 50k.
At the beginning of the year we can see where bitcoin is, if it is still in the range above 50k, a big bullish possibility will come with the next target of 100k.

Yes that is almost double of the price now in which over pricing for me , there are even several Predictions that says Bitcoin price is really overprice in market status now.
lets accept the fact that we had gone long this year and that is more than enough to be thankful.
so Yes either 60k or 70k is the ATH? that is for me more better than the past years.

Topic: will we witness year end bullrun or bull trap? (Read 608 times)