What do you guys think the market will do this December??
Hoping we close out the year on a high note 🙏
what's your take on the market this December?
19 replies 110 views
I think this month gonna be the month of sideways and accumulation before we're bullish again, I know that recently we've seen BTC breaking out $100k and currently having quite the pullback but I think it will form a channel around $90k to $105k and eventually will resume the bullish again.
I don't anticipate much this month because I know people are preparing for new year and some of them might need to cash out so that's additional selling pressure.
but I'd still let my portfolio have exposure on BTC and some other alts, after all it seems alt is starting to get aggressive.
We have seen how bitcoin went from $94k BTC to almost 105k BTC price within a few hours and also how the price dropped from 100k+ to 90k BTC price within the same time range, one thing I have noticed in the bitcoin market is that no one can accurately speculate what will happen in the market in the next minute or hour's, so for that, no matter the level of our speculations we are only just doing that based on assumptions and there is no accuracy in that, and so we may not be able to say how and what bitcoin market will look like this time around since we already saw the good and the bad in term of bitcoin price movement and that should make us very sceptical while making comments on where bitcoin will be by the end of this month.
Bitcoin has already crossed the $100k mark this month, and while were all hoping the rise continues, it seems were seeing a minor correction now. But Im confident itll bounce back strong and wont dip below $100k by years end. When the market turns bullish, it takes time to cool off, especially since weve waited years for this moment.
Just like in the last bull run, the momentum will likely carry over into early next year. So, enjoy whats happening right now! Dont let minor corrections like this one cause you panic to sell, these dips are just part of the process. Stay relax and focused.
The current pull back is mainly because people are selling at 100k$ to get there profit. Once this selling is over we might see more increase in value of Bitcoin. My personal estimate is that by the end of this month Bitcoin may crosses 120k$ and even if that doesn't happen it will happen in coming year. In 2025, there will be new government in USA that has shown positive gestures towards Bitcoin, so we might see some more rallies in Bitcoin next year.
I can not know about future, and I can not predict Bitcoin price in December, but if you need history for checking and as base for your price prediction, you can get it https://cryptorank.io/price/bitcoin/analytics
December, in history, is not a very good month for Bitcoin, you can see numbers for average and median change in historic December months so far. It's not too terrible thing because a month before December, November is very good in Bitcoin history. After a very good green month, it's logic to see a less impressive month, that is December.
The January months look to be better than December months.
max.wizardFull Member
Posts: 106 · Reputation: 753
#7Oct 22, 2022, 06:41 PM
The dips during the rally are natural - it's okay to see them and experience some loss in PNL.
The best thing to do is for the market to stabilize and have the diamond hands to keep your funds tight.
The barrier in people's minds is bigger than any other.
So, in order for BTC to keep the >100k price, it should be noted that the pressure and the sentiment should continue to stay bullish - and the funds will flow while BTC DOM is still high.
chrischainFull Member
Posts: 126 · Reputation: 408
#9Oct 23, 2022, 12:58 AM
We need to wait out the dip and see the moves sideways afterward, in my opinion.
Then, we would be able to see what to do.
Bitcoin will have dip in late December when many entities have to rebalance and polish their annual financial report that will be use for tax report months later in 2025.
In next two weeks, I believe Bitcoin will have a dip, and it's chance for Bitcoin investors to buy a dip and accumulate more bitcoin or stack more satoshis. Next year will be very bullish for Bitcoin market and if possible, they should not waste this dip buying opportunity. In Bitcoin market history, Christmas and late days of December are not good days.
Well, from the look of things, seems that we are still going to see some bullish movement between now and the end of the month. Although we can not be accurate in our speculation but price is still on the up trend.
I think so too, we all seem to be in a bullish period until the beginning of the year, there is no accurate prediction but the signs are there and we can analyze them. Just look, at the beginning of this month we started with the excitement of bitcoin price surpassing $100K for the first time in history, and this trend seems to continue until the US president-elect is inaugurated on January 20th. Bitcoin will still experience a correction but not too severe after that bitcoin will go up to $110K when Trump is inaugurated. This is just speculation, and of course nothing is accurate but I believe bitcoin is in a good trend until the beginning of next month.
What I expected to happen in December is already happening, I expected the market to fall because of the festive period being around and people will be taking profits that they can spend on enjoying with their love ones. December are for spending more than investing, it is during January that you can begin to see people start investing again and it is always aimed towards having something that they can use for celebrating the festive period. The market having a correction should not be a cause for alarm because the market will not stay that way forever but will recover shortly after the panic have finished. For the smart investors, what we should be doing is investing more when the market goes down in December and not to be selling like others are doing.
v4ult_d1amondMember
Posts: 38 · Reputation: 186
#14Oct 25, 2022, 02:27 PM
The market this December is definitely going to be a big step for bitcoin, most definitely that we're not going to see bitcoin at a level higher than what it is right now, that 103k USD is not going to be there for long because there's some indicators that the movement is going up again, that's why it's such a good idea to do your usual DCA because that way, you're not going to miss out on big stuff that's waiting to happen, hopefully I can manage to squeeze in more profits by the end of the year, bitcoin to 200k for the next year I guess?
we have seen a good start to the month when Bitcoin hit $100k. the situation may have been corrected, but those who are trading may have already made some profit when they predicted the correction in their trading positions.
maybe from Christmas to new year, we will see the market move up again, and while we are at the moment the market moving sideways. early next year we may see better prices.
The photo that I shared consists of 4 candles. Those 4 candles out there are the price movement of Bitcoin last 2020 and 1 candle = 1 week. If you will see, the first week ended up in a red candle, and we've seen a huge drop in price, but it ended like a bit of a hammer, and that shows bullishness (bullish hammer). Well, as you can see in the next 3 weeks, Bitcoin went up significantly and ended those weeks on a green candle.
The last week of November ended in a bullish hammer on a 1-week time frame (you can look at it on TradingView), and that shows bullishness. Currently, our week is on a green, and there's a chance that the upcoming weeks might end in a green candle as well. Overall, I'm pretty much bullish with the market, and I've ever been bullish, but I'm more bullish now. Good luck to all.
Moved to bullish after hitting that 100 lol. I was of the opinion that we'd at most see sideways movement (with small increments every week) into the last month of the year but nope, 1st week and we've already hit 100k. I'd like to say the same again after seeing the 100k have less impact than anticipated in the market, but nah, I'd move to bullish now after all those wrong calls the past few months. Probably see a lot more action near the end of the year though.
In my opinion we are in bull season (4 year cycle) and it is just starting so I have no other prediction than to believe that bitcoin price will only go up and up. Of course, bitcoin will not go up vertically and there will be corrections but those are small corrections and are only meant to create momentum to go higher so I don't want to pay attention to it.
For traders, I would just recommend limiting short positions and only opening long positions because most of the time bitcoin will go up. For holders, they should follow the set plan and take profit when the target is achieved. Don't be greedy and think you are smarter than the market and want to make more money.
This month of December will be filled with a lot of hype and anticipation of whether bitcoin will continue on an uptrend or will end the year with the current all time high it achieved some days back. The year is already successful even though bitcoin does not make any more uptrend movement again. Many anticipated for a $100K for this bull run and bitcoin achieved that will a lot more numbers added to that again. If this December does not end on a bullish trend, then we still have January which a lot of people still expects that bitcoin is going to make some new bullish movement and capping the new all time high for this bull run at $150K. Until then, lets see how the market is going to react.
eric.wizardFull Member
Posts: 63 · Reputation: 487
#20Oct 31, 2022, 12:05 PM
As it is the market is unpredictable. Last few days the price came down to $99k and yesterday it rose again to $101k. And right now it is $99k again and the market is still coming down steady. LoLz, in the time of typing, the price has rise to $100k so we don't know how the price will look like. But from next week will know how things will be. But in every December, the price of bitcoin is on the rise and not on the low. And in my prediction. Traders will still make good profit in the ending of the month.
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