The price of Bitcoin is only about 400+ dollars away from hitting the $100k mark and I don't think it's mere coincidence that there's going to be a "crypto ball" being held to usher in the inauguration of Trump, rather I see it as a means to refresh the minds of crypto enthusiasts of the promises he made during his campaign.
As it is, tickets are being sold for the ball and by the reason of this activity, don't be surprised if by tomorrow, we'd see $102k as Bitcoin's new price.
Topic: Bitcoin will be back to $100k soon. (Read 88 times)
Good call OP.
We're slightly sub $100k at the moment but the highest price today, per coinmarketcap, was $100,700. We made it back sooner than I expected. I thought we might dice a bit deeper even, to below $90k. I guess I set my buy order a bit too low.
Looking at all the cycle peak indicators, we're at a much better position than when we reached the $100k for the first time. The market was closer to showing signs of overheating back then, e.g. the Fear & Greed was showing extreme greed and the dominance was falling indicating the beginning of the "altcoin season". But after the correction(s) the dominance improved by a few percentage points and the Fear & Greed is currently perfectly in the middle in the "neutral" zone. If those indicators are wort anything, we are in a very comfy place and ripe for further pump.
We're slightly sub $100k at the moment but the highest price today, per coinmarketcap, was $100,700. We made it back sooner than I expected. I thought we might dice a bit deeper even, to below $90k. I guess I set my buy order a bit too low.
Looking at all the cycle peak indicators, we're at a much better position than when we reached the $100k for the first time. The market was closer to showing signs of overheating back then, e.g. the Fear & Greed was showing extreme greed and the dominance was falling indicating the beginning of the "altcoin season". But after the correction(s) the dominance improved by a few percentage points and the Fear & Greed is currently perfectly in the middle in the "neutral" zone. If those indicators are wort anything, we are in a very comfy place and ripe for further pump.
The price of Bitcoin has gotten above $99,000 and it might get to $100,000 before the end of today.
This is just the beginning. Smart people know how far it could go.
Think of it like this. Simple news of Facebook thinking about investing in bitcoin pumped bitcoin by $8k in 2 days. What can actually happen if they do it? A pump of $10k as a reaction to the news would be pretty normal. Another one once they actually start buying....
What about Trump? His promises made bitcoin reach ATH, especially when it was clear he will become the next president, but it's just promises, nothing set in stone. Imagine the price if it really happens.
The way I see it bitcoin has almost unlimited potential. $200k could be reached withing weeks if there's enough good news to fuel the rally.
Think of it like this. Simple news of Facebook thinking about investing in bitcoin pumped bitcoin by $8k in 2 days. What can actually happen if they do it? A pump of $10k as a reaction to the news would be pretty normal. Another one once they actually start buying....
What about Trump? His promises made bitcoin reach ATH, especially when it was clear he will become the next president, but it's just promises, nothing set in stone. Imagine the price if it really happens.
The way I see it bitcoin has almost unlimited potential. $200k could be reached withing weeks if there's enough good news to fuel the rally.
The price of Bitcoin has gotten above $99,000 and it might get to $100,000 before the end of today.
Just as you said, the price has reached the $100,000 price mark five minutes ago according to the notification from Kucoin on my mobile phone and to be honest I didn’t think we’ll see a price increase like this in January again.
I am just hearing about the crypto ball for the first time and did a brief research about it. The meeting will be held at the Andrew W. Mellon Auditorium in Washington, D.C. Donald Trump is not the host nor will he attend the ball but some of his appointees like David Sacks will grace the occasion. The report had it that this event will serve as an avenue where key players in the industry will meet with some incoming government officials and discuss issues that concern the industry.
If not for your post I won’t have known something like that existed; probably because I haven’t had the time to read recent articles but after this post I’ll make sure to go through the link you shared and at least have an idea of the things happening.
Before Trump is inaugurated in a few days bitcoin will soon go to $100K, in his speech Trump promised to prosper crypto and bitcoin and their country will become the crypto capital.
This is what triggered the surge again considering a few days to crash almost to the $90K resistance level.
Anyway, don't panic we will start the journey after Trump has officially become President.
This is what triggered the surge again considering a few days to crash almost to the $90K resistance level.
Anyway, don't panic we will start the journey after Trump has officially become President.
Bitcoin suddenly pumped after weeks of being somewhat stagnant, and now we’re getting closer to $100k again. I’ve been reading a lot of news and speculations, the latest being about the upcoming crypto ball hosted by Trump. Could this be the main reason, or is there something deeper driving this surge?
even before this moment, i had known that this month is going to see bitcoin touching down the $100K line and potentially going even above it. normally when iy happens as we have seen it going, people will generally want to associate the rise to something that looks feasible and as long as that is concerned, trump will continue to come into the picture since it looks like he is the big name that has just walked into the bitcoin picture recently and his inauguration is just by the corner. we have seen bitcoin get to $100k and at the time, the majority of speculators pointed at trump as the reason for such bull, it is only normal that at this time, he get pointed at again as one of the factors that is responsible for this, but that is just an angle to bitcoin going back to $100k or even going past it, the next question is, how does this affect me and what is going to be my reaction to this bounce back. for me, the reward of seeing bitcoin always recovering and showing positive sign that we will see new ATH in the coming months gives me a great joy and continue to motivate me to remain invested in bitcoin because the future still looks better for bitcoin.
Bitcoin suddenly pumped after weeks of being somewhat stagnant, and now we’re getting closer to $100k again. I’ve been reading a lot of news and speculations, the latest being about the upcoming crypto ball hosted by Trump. Could this be the main reason, or is there something deeper driving this surge?
It's quite easy and basically normal to find people measure or judge future events or happenings based on past events and statistics too. If you can remember clearly, the current pump that is still hodling up till date was actually kick started by trumps election at first although later on the momentum was maintained by a couple of things like buy orders of traders since literally many bitcoin traders went long on a buy back then.It's because of these past events that people definitely anticipate the positive effect that trump may likely create with his next crypto decision probably taking price back to over a 100k once again.
Trump's remarks about Bitcoin should be set aside for now, it is not about the words and events anymore but action. It is only until then that Bitcoin's rise would be linked to him. For your information, what happened is purely technical and economical, I knew Bitcoin was going to bounce back this week. Look at your daily chart, you will see a triple-bottom that later becomes a solid support at $92,012. This helped the rebound and the CPI news of today did the rest.
Bitcoin suddenly pumped after weeks of being somewhat stagnant, and now we’re getting closer to $100k again. I’ve been reading a lot of news and speculations, the latest being about the upcoming crypto ball hosted by Trump. Could this be the main reason, or is there something deeper driving this surge?
The price of Bitcoin has gotten above $99,000 and it might get to $100,000 before the end of today.
I am just hearing about the crypto ball for the first time and did a brief research about it. The meeting will be held at the Andrew W. Mellon Auditorium in Washington, D.C. Donald Trump is not the host nor will he attend the ball but some of his appointees like David Sacks will grace the occasion. The report had it that this event will serve as an avenue where key players in the industry will meet with some incoming government officials and discuss issues that concern the industry.
More than one factor may have led to the price recovery of Bitcoin. The inflation report that was lower than expected increased the chances of interest rate reduction by the FEDs this month. Maybe the ball might also be another factor since some key members of Trump's inner circle will be attending.
https://www.fxstreet.com/cryptocurrencies/news/crypto-ball-to-celebrate-trumps-pro-crypto-policies-202501150731
Bitcoin suddenly pumped after weeks of being somewhat stagnant, and now we’re getting closer to $100k again. I’ve been reading a lot of news and speculations, the latest being about the upcoming crypto ball hosted by Trump. Could this be the main reason, or is there something deeper driving this surge?
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