Post
Topic
Board Speculation
Re: Bitcoin December price
by
CageMabok
on 01/12/2022, 22:05:08 UTC
I think we'll be under $20k at the close of the year. Yes December entered where today's bitcoin price rose to $17300 and at this time the bitcoin price was trading again below $ 17k. market sentiment hasn't recovered yet and we're seeing some turnaround in the high sell-off going into the year-end holidays. at the same time where we have to face a bearish condition on the attitude of the whales who take the option to sell as they face the end of the year. but we can look at history in the past where in December there were always big surprises in market movements.
Hopefully at the end of this year there will be another big surprise for Bitcoin in the market, because everyone definitely needs more money when they want to celebrate the new year in various countries. Actually I also doubt that Bitcoin can be at $ 20K again before the close of this year, but if for example a big surprise can come again before the new year, I think the price of $ 20K is still very possible for Bitcoin.

Quote
I agree with you that we will not sell on the profits we got in the bearish conditions that occurred a few weeks ago because this is a good moment to hold in in order to be able to get bigger profits when the big pump trend comes.
It's just about how long you want to wait for the big pump trend to come again in Bitcoin, because for now I don't think the big pump trend will come anytime soon. You can see for yourself how market conditions are today and the effect of increasing Bitcoin prices through some news in the media.