Topic: Maybe it's time for BTC to take off and reach the $100K - page 3. (Read 639 times)

It a bit worrisome now that the Bitcoin price again failed to get a daily candle closure above the $25k zone which was being taken out and should have acted as a support after the price broke out and kissed $26k price level, rather we closed at $24.5k, the selling pressure looks so strong with the long wicks coming in place and it shows that the bears are really fighting back to push down the price pressure which struck that level out. Seem like it's a false break out, however until we see what the price is gonna do towards the end of the day, that will also help to determine next possible direction.

Yes, that's probably the way Bitcoin will go. Just four hours ago Bitcoin started to be bullish from that position and now there is a bit of a correction. But it may turn upside again in the short term. But one common thing is that there is no way to be 100% sure about it. According to early predictions, Bitcoin could reach its highest level particularly for next year.

Technically all my expectations for Bitcoin to actually confirm the start of a Bull market has almost been met. In general view we've officially started a Bear market recovering as Bitcoin just broke the $25k previous strong resistance which should now act as a strong support level for Bitcoin. The road to our $30k price target is now open and Bitcoin could hit that price within a short period of time because we have less traffic coming in this zones way up to 30k..

That's correct. I keep seeing replies hating on banks, but whether we like it or not, cryptocurrencies and banks need to coexist for the environment to function. The economy would collapse if banks did, which would crash the whole market, stocks and cryptocurrencies included, since those are closely correlated. The increasing demand and the halving of the supply will cut the newly minted coin supply in half. We definitely won't see Bitcoin valued at $100,000 within 2023, but a minor recovery should be expected. Can't speculate on how much and if it'll actually recover, but 2023 will definitely be a tough year too.

Some of the sources that I have seen and read, about speculation, predictions, analysis, developments and so on, especially about Bitcoin, it's not a time like this that the crypto market wants to take off, the bear market continues, the point where Bitcoin must go to the highest level that many crypto enthusiasts, investors, traders and investments have been waiting for, is yet to be seen. still warm.

There is speculation that states, if Bitcoin is still widely discussed in the market, especially about the next highest price, the experience that the market has seen is never moving to the highest volume, However, where Bitcoin and crypto markets are cold and the price of Bitcoin many people think is hopeless, that's when the new ATH phenomenon will happen again, believe it or not we'll see.

The collapse of 3 US banks shows the benefits of bitcoin these days, but don't expect that the more banks go bankrupt, the better for bitcoin. Because once the financial system collapses, it will disrupt the world economy, and we will sink into bigger troubles in life, I don't expect that either.
The value of an asset depends on supply and demand, as long as the demand for bitcoin increases steadily, it is only a matter of time before the price of bitcoin skyrockets even over $100k. We don't need to be impatient because, sooner or later, it will happen.

Bitcoin price and demand will grow more even if the banking system won't collapse (I'd never expect it though). Because the reason why Bitcoin will gain more demand is due to market adoption where more stores are accepting BTC payments. Yes, it is a matter of time and certainly, it takes more time to reach that $100k level. But I wasn't really focusing on it as it eventually comes when it was time and halving is somewhat having a huge help in this matter as it is also the reason when we reach the new ATH past 2021.

With the scarcity of bitcoins, the price will be very high and for people who have been investing in bitcoins for a long time, it is a good advantage because they can sell them at a high price. Maybe after this drop, bitcoin starts to increase again and there is a possibility that the price could reach $100k or even more than $100k. So we have to wait patiently and keep accumulating more bitcoins from now on. We will also see more fluctuations before the changes come, so we must prepare for their arrival and welcome market changes later.

$100k to the value of bitcoin is only a matter of time, but we are at a stage where there are more obstacles and more difficulty for recovery than bullish.  This will not happen any sooner than we are experiencing.  That's just a hypothesis and speculation, best would probably be to wait until the next halvings. Assuming the banking system continues to collapse, trust will be bitcoin and crypto.  Macro growth is gradually taking shape. Only 1BTC = 1BTC

The $100K price is not a joke to Bitcoin's potential and Bitcoin does not reach the $100K because is not yet the time that's why it's not happening. However, a lot of BTC enthusiasts appear not to be patient for the time to arrive and they are trying to make it happen through bullish price predictions. I said it in the previous ATH market when the so-called experts are making predictions that we're yet in the stage of the $100K price but when the BTC halving effect market takes off we may see BTC reaching the $100K price.

The 4 -year -old cycle and this are the cycles that are widely awaited by all Crypto users, including those who have a large investment in Crypto. Being patient and waiting for the cycle to occur will be a good thing to apply, rather than just trading without having a good enough ability, it is better to withstand long term until ATH $ 100K is reached. Bitcoin will indeed experience several phases which will ultimately reach the Bullish market. Continue to accumulate the asset by doing DCA and it will be better and provide many benefits if the top target is achieved.

I agree 100%. BTC is very cheap at the moment because its price is being suppressed.

Who is doing it?

IMO there are at least a few people who want to destroy bitcoin because it collides with their plans of launching CBDCs. For this reason we're witnessing a coordinated attack on bitcoin from a number of US Congress reps, the World Economic Forum members and institutions like World Bank.

You can call it a conspiracy theory, but I'm fairly certain the following events are a part of the campaign against bitcoin:
FTX and its bankruptcy. SBF was so tightly connected with politicians and Gensler that it's not a coincidence that he was lobbying for regulation and after his bankruptcy we are getting exactly that regulations times ten.
The attacks on Custodia Bank by the SEC and Federal Reserve. Its CEO said a few times that there's an anti-crypto lobby actively working to stop crypto companies from getting money and permits.
The recent debates in congress against bitcoin mining when representatives for power companies came to testify that they see no problems in mining and don't see any shortages caused by miners.
So why are they trying to stop mining if it has no negative influence on people's lives? Because they can attack all altcoins with the "security narrative" and tax them, but since bitcoin is a commodity the only way is to attack its funding (banks) and mining by trying to paint it as "useless". I've heard some guy claim (at a Congress hearing) that bitcoin mining should be banned because "we" don't need it. I don't know who he meant by "we" and who gave him the right to represent all Americans, but that's what came out of his mouth.

Words like this are becoming too normal already but you seem to be surprised with it up until now. People can always assume $100k for BTC but yeah, it's not easy. We haven't even go back yet to our previous ATH. That big concrete reason that you are talking about must be the halving. This isn't just a speculation but halving do really have a positive impact in the price of Bitcoin and this is why many believe that the bull run will start during or after it. If that happens, $100k is going to be within our reach.

There are FUDs but that's not a good reason for the price to decline because smart and experience Bitcoiners can easily ignore it. Small BTC hodlings is better than nothing but you can always buy more to increase it.

Many are waiting for that "TIME" where Bitcoin will reach $100,000.
Is it this year? Probably no. The chances of it are very low to close to zero especially if you will follow the 4-year cycle. I believe and many believe that Bitcoin will reach $100,000, but not this year... or is there somebody who is that optimistic to believe that it will reach that price this year?

Hope? I can't apply it on investing at all at least for me. The only thing that I can apply is be patient. Be patient for the bull run to happen again because we all know that markets move in cycles right? After a bear market, is a bit of an accumulation phase and after that, bull run happens.

I'm also curious too as to why it isn't happening as well. Maybe this isn't the time to happen.

We will reach that peak as well someday, with patience and perseverance. As they say, "Patience is a virtue." and "Patience is the key to success.". So there's no hurry, especially when it comes to Bitcoin. We have seen the extreme level of ups and downs in the past, we have seen it just recently when it dropped from $69k to $16k, but those of us who believed in it never left, and never will.

Every time Bitcoin sees a big decline, it comes back stronger and goes beyond the expectations of those who don't believe in its possibilities. I believe it's just getting ready for a blast, a blast that happens not very suddenly.

Yes, I too agree on this. The reason is very simple. BTC are limited in number; that is, a fixed number of bitcoins are already created and can be mined, so it makes bitcoins more valuable. Now that more people are showing interest in buying the coin, the price will go up in order to meet the demand. A point will come when the demand will be so high that, due to the scarcity of the coins, each bitcoin will cost $100,000 or even more. But to get to that phase, we need to have strong beliefs and really show great patience. These small price fluctuations are common these days. So don’t worry about these and focus on the long term.

I still believe BTC can reach $100k, although I don't know when it will and it's not a joke. Many of us still hope that it will happen soon but we still have to be patient, especially after bitcoin has experienced a deeper decline at this time. Maybe the price will stabilize at the current price and then increase.

We better prepare ourselves by buying more bitcoins at the current price while the price has not increased so that if the price suddenly increases, we are ready to sell at a higher price than now. But it also gives us an advantage if the price cannot increase because we are still allowed to buy at a low price.

This price isn't a joke, Bitcoin has been holding strong, not many assets has  have profit as Bitcoin has since the covid19 pandemic. Some business and companies are still struggling but Bitcoin has risen from the lows it hit then and have reached a new all time high before crashing again to its current price which is still higher than the price it was during the pandemic crash.

Bitcoin still has a long way to go before it reaches a new all time high. There's so many resistance level it has to cross and there isn't much positive news to help it achieved that price in this year. The only positive news is the halving upcoming next year. That only can't take the price to $100k.

   -  That's good to hear mate, but it's not that easy, I know you know that too. There needs to be a big concrete reason for that to start.

Because there are actually many people who are waiting for the rise of bitcoin in this industry and I am one of them, although my bitcoin holdings are not large but at least I have btc holdings so I can't zero in this opportunity. It's just that it doesn't seem like it's going to happen yet because of the amount of Fud that other people are making about crypto and bitcoin.

Well that would make things much better now. I mean Bitcoin price goes from 20k to 100k overnight I think there would be so many very excited people we would not know what to do with ourself.
But come on let us be realistic for the minute. I was so "bullish" for 100k price of bitcoin but the reality has now stepped in. We now still have much time to go before we can see a price of 100k per Bitcoin.