Post
Topic
Board Speculation
Re: Bitcoin December price
by
cryptomaniac_xxx
on 01/12/2022, 13:42:22 UTC
It's not completely going to go up 100% in december even though it's down to $20k because bitcoin is still in support at $16k today it's slightly inclined to go up to $17k but it doesn't last long and it's below that again which is clear I predict still under $20k in the month ahead.
Bitcoin increased to $17000 and decreased below it recently, it also happened two days ago, but before we entered into the new month, it increased slightly above $17000 which may be the support price now. If bitcoin is still less than $20000 this month but around $18000 or $19000 is still better, even a slight increase is what would give people confidence that will lead to bull run. Only what I am not expecting is the furtherance of bear market.
december will be a bullish month for bitcoin because we have seen the price of bitcoin holding at $ 15k and making strong support.
And there is a possibility that bitcoin will try to breakout again from $ 20k at the end of this year, yes the negative sentiment has also slowly disappeared and good news is starting to come,
don't sell cheap, buy gradually at a price of $ 14k to $ 16k is the right way.

Well if we are talking about strong support, it will be around $20k. And so we are very far from reaching it although the market somewhat bounce to $17k at the start of the month. So not bad and hopefully it will maintained this price level up to the end of the month.

I'm not looking for a big increased this December, although majority of us wanted to see the end of this year at a good price, not going to happen with still the effect of FTX still in the air. And with that, it doesn't make any sense to sell as you you have said, don't sell at cheap price, we just have to be patience and wait for a good timing to sell our precious bitcoin.