Topic: Anyone else feeling a bit disappointed because the price is "just" $101K? - page 2. (Read 552 times)

Yeah but it speaks volumes of info in 2 letters.

What I think I see in the evolution of the price these days is low volume, characteristic of this month. The price has slight ups and downs staying now in the $100K-$102.5K range.


The bad thing is that such a response, if reported for low value, would surely be deleted by the moderators. Probably vapourminer would be spared but a newbie answering that would be deleted for sure.

We are into the third day of 100k  support
  and this would be the first day entirely over 100k if we do it for 8 more hours.

It is a big deal to normalize 100k as to what is next but it does take time to make 100k the norm. If we stay over 100k for the next week I could see 125k by new years.

I am not at all worried about this volatility of Bitcoin. Bitcoin has given us much more than expected in December. After 2017, Bitcoin has always been unable to pump much in December. From the previous chart, I thought that Bitcoin might not be able to give us anything good this December. Maybe we will see small dumps in December, but Bitcoin proved us wrong by touching the $100k milestone this December itself. Even I have not seen any permanent big dumps.

Bitcoin's record in December since 2017 - 2028 (-33.92%), 2029 (-19.83%), 2020 (36.88%), 2021 (-6.19%), 2022 (-17.17%), 2023 (9.18%).
Link= Bitcoin Historical Prices

That is, in December, Bitcoin has seen 3 dumps and 2 pumps in 5 years since 2018. I expected Bitcoin to be able to touch $100k by the beginning of 2025 and maybe Bitcoin will not be able to make much progress in December. But Bitcoin has crossed $100k this December and reached around $104k. This is definitely more than I expected. That is why I am not at all worried about Bitcoin's volatility. I firmly believe that Bitcoin will pump a lot in 2025, if not this month. Maybe it will be able to cross $120k.

No, and I am not disappointed at all.

Because I believe sooner or later Bitcoin price will continue its new ATH at $103,678 and then slowly towards its highest ATH at $150,000+ in 2025.

And the small dips that occur are good choices to buy and should be utilized even though they are only small dips because I don't think there will be a sharp drop and also only a short healthy correction that will reverse the direction.

On a technical analysis perspective there was a support at $99,700 on the daily time frame, bitcoin currently has managed to actually get stayed up that support having tested it for two consecutive days now (excluding today) this means the movement upward is the most likely option now, as only a major economic news could actually make it drop below the support. But with people having taken their profit and some waiting to take theirs which means there is no any big buy coming in now except by those institutions the market might be just consolidating now and with all this highlighted in economic news coming we could push further up later this year or a major push next year which is poised to break the current ATH.

A PERFECT EXAMPLE OF A SHORT BUT GOOD ANSWER THAT ACTUALLY DESERVES A MERIT!

no

Yeah, I know that. But I don't have a problem with the situation now because I am sure that the price will increase more than $104k. Anything can happen in the next year so the price have a big chance to increase.

Yes, that is right because this price will increase in the right time so we must wait for a while. We already wait for 2 years or more so it will no problem if we wait for more as when the price increase, that will be up to $150k in the next year.

Many people still waiting the next high price so we also do the same thing as we have a high target price. Having patience will be necessary because that will help us to hold stronger than before as the situation may be turn bad before the price increases.

Why do you say that?


It seems you missed this:


That's good because aside from you having to wait for not going over the income tax band or something like that, anything you sell in January you won't have to report until April 2026.

Yep we did do out second day at 100K plus average .

Next week will prove interesting as we get a fed adjustment and we had high inflation report.

I would love to know what will happen in the next 5 to 7 days right now as I could see an interest raise of 0.25%.

which would rock the markets bigly.


I think we have a lot of volatility coming up.

https://www.cnn.com/2024/12/11/economy/us-consumer-price-index-inflation-november/index.html

"Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead"

Eggs jumped bigly 7 usd for a dozen jumbo in some stores.

Not sure if rate cuts can happen maybe this time they do,  but if we inflate in December the pressure to do no cut instead a raise in feb will be very real.

1)Be prepped for up
2)be prepped for down
3)be prepped for sideways

vey hard to do all three


I am forced to hodl until Jan or later. I am looking to sell a bit more  at 100k plus.  Tax complications prevent me from selling coin this year. I sold all I can sell.

Yes, it really looks like that $100K is becoming a support price for Bitcoin. This coin is doing fantastically and if we keep in mind recent news and statements, I'm sure that even $100K is a huge discount for Bitcoin. There is a big chance that the USA will establish strategic Bitcoin reserves. At the same time, Canada is also about to consider this option and Putin publicly admitted his ideas about Bitcoin (He asked: Who can ban Bitcoin? And then answered: Nobody). There are also rumors that Saudi Arabia, UAE and Qatar are going to buy Bitcoins.

Let's get this party started!

That's a good perspective, philipma1957, it looks like around $100K a support is forming from which we will go to the moon in 2025, if we want to look at it with a more optimistic perspective.

Yeah it was a good achievement before December bitcoin to $100K even we were happy to see it earlier.
For me another correction to $80K is unlikely (maybe I'm wrong) but looking at the market situation which is quite strong now, then there is another bounce after the beginning of the month.
I wonder how Trump will do after the inauguration, it might push the market back into the green.

so yesterday we had the first 100k average day.

we could repeat this today..

I for one am very happy to see us average over 100k for full day or maybe days after tonight.

Since when you experience this, disappointment about the volatility? Just recently only? Because the market is always like this always. When you said you thought the market will go down a lot, that sounds like you want the price to go down more because you want to buy more coins cheaply?

If you really concerns about declines, then you should like the current market because it went into a range-bound mode and usually market do stuck like this before launching a strong bull run. It was actually the help of the volatility for BTC to reach this high because that makes the demand more stronger when BTC goes down but like you, we are also expecting for more gains in the future.

Its never been over and we do know that this market isnt on the bull run state on which people are really just that too rushing up on seeing prices on higher levels on which this isnt really just that smooth sail ride on where other people been that expecting that this will really be looks like. Lets just that making ourselves being rushed up when it comes to price. Despite on reaching out $100k but it doesnt mean that it will really be shooting directly to 110k or 120k on easy manner, but since we dont know on how the market behaves and thats why people will really be non stop on making speculations on where prices will really be that going. There's so much potential on where numbers could reach out and thats why speculations will really be sky is the limit.

Disappointed? Pretty sure that there are those people who do get disappointed on the things that they are really that currently experiencing because they've been expecting too much. For those people who do get hyped or feel up that FOMO then buying up the peak then on the moment that it did make out some correction then that will really be giving out that kind of impulsive feeling. If you arent that good on making up some control when it comes into your emotion then you will really be having that kind of situation on which you might be ending up on making up some bad trading actions.

we are not in the 2025 ATH period yet
looking at the last cycle they had a halving year peak then a dip before the ATH period too

in 2020 where the prev ATH(2017) was 20k and before the 2021 $70k

the price in december 2020 moved above its old ATH of $20k
it then went to a january peak of 180%($36k) of previous ATH and then dipped by 20%($30k) before then beginning the true 2021 ATH period($70k)

this cycle, the halving happened a month earlier than last cycle, meaning the pattern of december-january 2020-21 is similar to this cycles november-december so we are still on track.. with a possibility of larger dip(as pattern suggests) in mid-late december before the actual 2025 ATH period

There is no need to be disappointed because bitcoin reaching $100k was a milestone and such achievements will definitely be accompanied by some sales and as such reason for a pull back. To me I think we haven’t even corrected back enough for a flip upward. So if bitcoin can actually maintain this range of price between $90k and the all time there is more probability that a major push-up will be coming next year, now there are many sell off positions opened on the resistance (at ATH) and bitcoin will gradually take those positions out first and then come for the buy options and probably shut up from here. But overall the ranging currently was definitely expected as we created a six figure value.

Your addicted to adrenaline at this point, for the price to alter too much it becomes destructive.   Just imagine it does some good for BTC to let others catch up, some people missed the bus and the idea is all can participate if they so wish.

At present the easiest way to see a gap from those on the head of the wave forward and a bulk of population not so involved in BTC would be the 50 day and 200 day averages.  

50 day moving average is not so far off now, its about 87k and 200 day average is 70k, still both very positive and rising everyday.   For a short period this year the 50 day was declining below the 200 and we could not as easily be positive.
  Main point is right now BTC is hesitating but more important is we are gaining over months with no reason to see a decline occurring especially.

  A sharp peak up creates a greater reason and distance from these 50 and 200 day averages can be unstable and negative so its for the best to collate and consolidate.