In my opinion, the price of bitcoin seems difficult to reach $100k in December because after experiencing a decline in the price of the last few weeks, the price of bitcoin is still not showing a significant increase. Therefore, maybe in December the price of bitcoin will only reach $70k especially now that it has entered the end of 2021.
to reach $70k by the end of the year there seems to be hope, although it is very difficult to happen. today the price of bitcoin fell back below $50k and I hope that $50k is no longer a resistance line that is difficult for bitcoin to break. if this happens again of course the price of bitcoin will be stuck below $50k for quite a long time and the chance to reach $70k by the end of the year is getting smaller.
By looking at the current situation and by assessing the time that left before December ends, maybe we won't be seen
Bitcoin touching more than $70k not unless big players will come up and start pushing the market up. So far, the pressure.
still on the selling side and even there are holders who continue to strongly holds, fear is starting to draw attention.
Long-term investors can take this situation as good opportunities, while day traders need to assess deeper to avoid
having certain losses.
December 2021 is almost over perhaps we may look for the new bitcoin price all-time high in early 2022, the first quarter. Bitcoin made the last all-time high of ~ $70,000 in mid-November 2021 and now we are in December where many investors are cashing out their investments before holidays. Bitcoin price reaching $100,000 this December is almost impossible because bitcoin price is currently struggling at $50,000.