Post
Topic
Board Bitcoin Discussion
Re: who believes that the price of BTC high next month?
by
pixie85
on 23/11/2020, 23:25:09 UTC
Will the bitcoin really go up to  25,000 dollars next month?As far as I've read and know the Btc information.I'm sure the Bitcoin price will go up to  22,000$
That seems interesting to read then, can we have the link? Or any information/analysis?

Try to look at this trend,



That chart shows declines after hitting its peak. If we closely look into that, the declines started during the holiday season/mid-December. That would be possibly the same scenario we might see this year. I'd never had to expect people will keep holding their Bitcoins but rather to think that selling is often to happen.

Your chart is showing a selloff after a big rise to a new all time high. We haven't had that yet.

Right now we are at the level where Bitcoin was at 1000 dollars before the rise to 20 thousand. Without a new high there's not going to be 50% correction and a bear market. Your chart will work as a great warning to people asking if they should buy when we're at 50 thousand USD or higher.