Well, the bitcoin pattern is showing strong resistance to break new gains. I was a little surprised, when most of last week showed down direction, and a lot of speculation the price fell at $ 6000. now bitcoin is breaking patterns and speculation. I hope that bitcoin can penetrate at $ 8,000 until the end of this year.
I don't think bitcoin can reach $ 8000 this year. We only have a few days before the end of 2019 and I don't see any signs that bitcoin's price will go up. Perhaps bitcoin will be trading at $ 7000 ~ $ 7,500 in the last days of 2019, and bitcoin can only increase to $ 8000 in February 2020.
The sign appeared on the 18th and 23rd yesterday, you can see bitcoin at $7,700 and then experience a retracement. The end of the year is still less than a week and there is still enough time to see how the market responds back to $8,000.
The decline is reasonable since the 25th because it has become an agenda where every trader sells assets to celebrate Christmas. there is still gradual speculation in the next two or three days.