Post
Topic
Board Speculation
Re: Bitcoin price prediction for before/after new year
by
Soots
on 09/12/2019, 14:12:16 UTC
What do you think is going to happen with the price of bitcoin until the end of the month?

My opinion - it's probably going to hover between 6600$ and 7500$ until december 24, then it will try to rally to around 9900$, and maybe hit bottom at around 5000$ by mid January, to make it easy for whales to buy before the halving.

The whales have already bought a lot of Bitcoin when the price was only $3,000. They are too late if they will buy a lot of Bitcoin only when the halving is about to happen. That is probably not the mindset of whales. Most of these whales are already buying the rumor. Before halving became news, they already bought a lot. When the news about the halving became mainstream, they are already selling. The whales are expected to be wise and ahead of the majority.

These whales won't risk their money unless the majority started to create trending movement on price increase. They're more choosy that us, that's why if they seem to witness some price declination we usually experienced a lot of crashes. Halving is good, but when the whales dominates the market we won't prosper ahead if time.