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Topic: ✅ We are currently in a year where the trend for Bitcoin (Read 338 times)

member
Activity: 89
Merit: 30
The trend for bitcoin will always be as long as the price is so high.
sr. member
Activity: 287
Merit: 368
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We'll see about that. It's been an interesting spring for sure. But i don't think we are gonna get 100k in this year.

Please explain this.
legendary
Activity: 2716
Merit: 1855
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You say that but the fact that BTC market recovered from the low 30K to over 40K just today does suggest that we might be in the clear. It is not yet 100% confirmed but if the upward trend continues we might find ourselves in a bull run before we know it - just be patient a little longer

Imagine how everyone would react to BTC reaching close to 100K  Grin
when BTC really hits $100k or is still in the $70-$80k area people will start to enter BTC and this will be the biggest BTC bullrun wave ever.
Currently BTC has even given a positive signal by holding it at the $30k support and rising again to try to reach a new ATH.
BTC will always provide unexpected surprises.
member
Activity: 85
Merit: 25
Yes, I think it is possible to get to 100k but not that likely if you look at the exponential rise to get to the all time high earlier.  A cool off period to shake out the weak hands is good and necessary.  Let it settle it, 100k will come with time but it may take a while in my opinion.
hero member
Activity: 938
Merit: 502
Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀

The current mood in crypto markets is not similar to that during the collapse of prices in 2017, when everyone expected a short period of consolidation before the upward momentum, which never came.

We are now waiting for the latest update of Bitcoin (Taproot), which is supposed to significantly improve the blockchain network of BTC. The update will improve the privacy of Bitcoin, speed up transaction speeds and reduce the amount of data stored and transferred to the blockchain.

This could lead to a much different and better market performance than in previous years and really lead Bitcoin to $ 100K levels.
member
Activity: 1120
Merit: 68
The next few years will continue to be the trend of Bitcoin. I have always believed that it will become more and more recognized by the public. El Salvador uses Bitcoin as legal tender, which indirectly promotes other countries to gradually recognize the legality of Bitcoin. It will get better and better.
I do hope so because a lot of cryptocurrencies that are new and old are starting to gain some tractions that might overshadow bitcoin in a way that it might hinder with a potential bigger growth for bitcoin but given that bitcoin is still the face of cryptocurrency, I think we are still going strong for another year or so.
jr. member
Activity: 65
Merit: 5
The next few years will continue to be the trend of Bitcoin. I have always believed that it will become more and more recognized by the public. El Salvador uses Bitcoin as legal tender, which indirectly promotes other countries to gradually recognize the legality of Bitcoin. It will get better and better.
hero member
Activity: 2660
Merit: 651
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I agreed with the OP point of view about the big market to happen after the big growth in price of the Bitcoin market but the major problem we are having is that most of the crypto currency investors mostly focus on the positive direction of the market and forget that market usually repeat previous trend when it bullish market but for the price of Bitcoin to reach $100K before the end of the year is something I am not quite sure about cause the market forod bath ought to before then if the market still replicates previous bullish market.

legendary
Activity: 2576
Merit: 1252
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Many things have happened that trigger for the trend of Bitcoin to make happen this year. This have all started when the price of Bitcoin have a breakthrough after 3 years ever since it have made out its biggest ATH which is $20,000 and have attained more than that at the late months of year 2020 that have been brought even at the start of this year 2021. Bitcoin's value has keep rising up on which have break through reaching $60,000 at the first months of this year because of different news trends that hype up Bitcoin usage and popularity. As a person that have been into Bitcoin for many years, this year become its trend even the market is currently getting into declination.
copper member
Activity: 2968
Merit: 575
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
You have back your claim with some facts. You are saying the price is going to go to $100k and then there are others that are saying the price will go below $20k. Sadly, none of you guys are properly able to justify your claims. $100k within the end of the year is too much. Would rather prefer a slow, healthy growth instead of seeing the price skyrocket. The faster is grows, the more fear and greed it creates. Fear and greed, both are bad.
hero member
Activity: 2002
Merit: 535
If we all believe btc will hit 100k by year end and each and everyone of us buy as much as we could now that the price is still at 40k or below, we could see btc getting close to 100k even before year end, i wonder how many people is actually taking advantage of this opportunity and buy some btc at this current market price! i also have a strong feeling that wed haven't seen the end of bull run just yet, hopefully that 100k target will be achieved this year.
I would like to take this opportunity to purchase Bitcoin if it really reaches $100k but the risks are higher and the past one and a half years were not great for me financially except for the investment i was holding for a long time, if not for that i would be selling my condo because i lost my job when the pandemic started and i cannot risk my savings now. I am sure most will be going through that phase and if the market rallies i will be booking my coins which i am holding for the past several years and enter after the correction and that is my plan.
hero member
Activity: 2478
Merit: 695
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If we all believe btc will hit 100k by year end and each and everyone of us buy as much as we could now that the price is still at 40k or below, we could see btc getting close to 100k even before year end, i wonder how many people is actually taking advantage of this opportunity and buy some btc at this current market price! i also have a strong feeling that wed haven't seen the end of bull run just yet, hopefully that 100k target will be achieved this year.
legendary
Activity: 2030
Merit: 1189
100k is very possible but for the near future I don't think it can be achieved where like previous years when bitcoin will go up without brakes there is bad news about it, from one country to another, until the tweet of an Elon Musk can be used as a decision where btc goes up and down , when he said hold/buy bitcoin  back btc will up
Price manipulation is always done, whether it's through Elon's tweets or through some FUDs that have been heard lately.
To reach a new ATH at $100k, it is not easy. There will be many obstacles to overcome. Of course this will play with the mentality of Holders who have BTC. Nothing is impossible, everything can happen in an instant. The market is set and has followed the trend. Just waiting for the moment when the market starts to be bullish.
You say that but the fact that BTC market recovered from the low 30K to over 40K just today does suggest that we might be in the clear. It is not yet 100% confirmed but if the upward trend continues we might find ourselves in a bull run before we know it - just be patient a little longer

Imagine how everyone would react to BTC reaching close to 100K  Grin
hero member
Activity: 2716
Merit: 698
Dimon69
Bitcoin is already showing a bearish trend, although trading has rebounded in recent months. The Bitcoin futures curve has suffered a setback that formed for the most part in 2018, before Bitcoin fell 74% after its biggest gain in 2017.
so a trend like this might happen and getting to 100k is very possible
Everything is possible in crypto especially to BTC wherein adoption happens mostly. Its undeniably visible how bitcoin is able to gain supporters as well manipulators in just a span of months like bow Elon manipulates the market this year. Bitcoin which have still room for more adoption by the government or individuals due to its usefulness will determine how it can affect the market more.
legendary
Activity: 2310
Merit: 1035
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To be honest BTC is looking very bullish from a technical standpoint on the higher timeframes especially on the monthly. Weekly TF doesn't look bad neither. I guess 30-40% drops are still part of the growing pains of this asset.

I agree that $100k is still in the cards for EoY. 6 months is a long time in the crypto world. Wink
legendary
Activity: 2716
Merit: 1855
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100k is very possible but for the near future I don't think it can be achieved where like previous years when bitcoin will go up without brakes there is bad news about it, from one country to another, until the tweet of an Elon Musk can be used as a decision where btc goes up and down , when he said hold/buy bitcoin  back btc will up
Price manipulation is always done, whether it's through Elon's tweets or through some FUDs that have been heard lately.
To reach a new ATH at $100k, it is not easy. There will be many obstacles to overcome. Of course this will play with the mentality of Holders who have BTC. Nothing is impossible, everything can happen in an instant. The market is set and has followed the trend. Just waiting for the moment when the market starts to be bullish.
sr. member
Activity: 1330
Merit: 257
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀

100k is very possible but for the near future I don't think it can be achieved where like previous years when bitcoin will go up without brakes there is bad news about it, from one country to another, until the tweet of an Elon Musk can be used as a decision where btc goes up and down , when he said hold/buy bitcoin  back btc will up
legendary
Activity: 1974
Merit: 2124
Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
We can only make assumptions or say can have speculative approach towards Bitcoin prices and it might it $100k also if the past history charts repeat again when they were surged to ATH of $19800 in 2017.Similarly this year they reached ATH of $64k with Coinbase listing and from then market is bearish but we can't accurately predict thr future levels.If investment are made then it can boost the prices and support above $45k or so in Q3 of 2021.So let's hope for best.
legendary
Activity: 2128
Merit: 1293
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Every year is the year of the bitcoin trend, isn't it?

it depends on the trend. for example not every year we have a very long and big bear market, it only happens every once in a while. last time it was 2018 that is 3 years ago already.
or not every year we have a massive bubble and this one was 4 years ago and may repeat this year if price reaches $300k to $400k after people panic sold above $100k Wink
member
Activity: 237
Merit: 67
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While I am in support of Bitcoin price rising. I am really unsure of Bitcoin hitting $100K this year in itself. No, this is not some kind of FUD on Bitcoin. This is me being very practical about it. Of course we have seen Bitcoin rising with a great upward swing towards $64K within this year, but since then it has collapsed and failed to hold the position among a lot of FUD.

However, it has become a very popular cryptocurrency since this year and grabbed the attention of government and companies. So i could see it rise and close the year at around $75K. But i dont see it going beyond $100K within this year - though i most dearly wish that it rises beyond that too!
full member
Activity: 1204
Merit: 102
For me, every year Bitcoin is on-trend. Every year there is a lot of adoption for Bitcoin.
Even the price of Bitcoin for a certain year is not that so good as pumping, the trend is still there. Lots of good news coming in Bitcoin every year and I believe it will continue to these coming yearrs.

You're right, the bitcoin trend will always be there and in the future it will be. there will always be good news for bitcoin, but not all can make a high increase. but one thing that everyone should know bitcoin fundamentals are very strong, so it doesn't matter if the price is currently down, because the bitcoin trend will always be there.
hero member
Activity: 1344
Merit: 540
Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
Well we have heard predictions that at the end of the year we might see $100k.

But we need to wait if it will happen or not, because after reaching $64k, the market suddenly went into bearish mode. At least if we look at past history, the comparison is still with 2013. So everyone gets excited as the price could go as high as $100k-$200k. But it will take a lot of time, and lot of challenges, like the current market sentiments.
legendary
Activity: 2576
Merit: 1043
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
If you will just base on history and thinking that it will repeat this time then it might be possible.

I'm also thinking of a higher price peak by the end of the year possible $100,000 but we are in the first half of the year and the price of Bitcoin is at near $40,000 right now. If what happened in 2013 and 2017 will happen again then its true that we might see Bitcoin at $100,000 or at least near to the price before the bear market begins. Either way, I'm always ready into whatever happen to it. I have plans on both scenarios (bull and bear market). As of this moment though, it seems that we are moving sideways as we saw in the last weeks.

Just be ready Smiley. The road to $100,000 per BTC will be rough Wink
full member
Activity: 868
Merit: 150
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I guess we just have to see if it can really go to that point because bitcoin prices still has 60k, 70k, 80k and 90k resistance to be able to break through 100k and those points in my opinion aren't really hard to break through.
legendary
Activity: 1372
Merit: 2017
I still haven't given up hope that it will reach $100K this year. What I do see is more and more opinions from people who are discouraged, because we have been sideways for a while. We are bad used to it because we come from a time when we were beating ATH after ATH day in and day out.
legendary
Activity: 1708
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Bitcoin is already showing a bearish trend, although trading has rebounded in recent months. The Bitcoin futures curve has suffered a setback that formed for the most part in 2018, before Bitcoin fell 74% after its biggest gain in 2017.
so a trend like this might happen and getting to 100k is very possible

There's nothing impossible with the bitcoin market we experience a lot of weeks into the bullish market and not all the time we might experience having these green days, if the bitcoin can sustain with this 35k USD price there's nothing impossible with the 100k price but still, before it comes it still needs to have a corrections again the halving is for the upcoming year of 2024 so might happen the another bump or increase of the market price of the bitcoin, just know the risk management to handle all the possible ways of the bitcoin.
full member
Activity: 1512
Merit: 115
Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
I agree with you in terms of the EOY Bitcoin price of $100k because if you look at the wider rand of things, exactly a year ago on this same date June 14, Bitcoin was trading around $9k+ and from the look of things in a daily bitcoin chat, we could get back to a more upward trend in price again before this June ends, I personally believe that Bitcoin is still very much Bullish even with the correction.
legendary
Activity: 2506
Merit: 1394
For me, every year Bitcoin is on-trend. Every year there is a lot of adoption for Bitcoin.
Even the price of Bitcoin for a certain year is not that so good as pumping, the trend is still there. Lots of good news coming in Bitcoin every year and I believe it will continue to these coming yearrs.
hero member
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
When I was browsing, I've found people find it funny that they've seen predictions like bitcoin hitting $100k at the end of this year. But they don't find it funny when the fact that bitcoin has dropped half and then suddenly it's starting to recover. I don't know what's the matter with these people finding it funny to see such predictions. They didn't know even there were crazier predictions in the past and they've laughed when someone has said that bitcoin might surpass its past ATH @ $20k and it did. The discouragement that these corrections are bringing are really bringing them down and losing hope.
hero member
Activity: 2562
Merit: 577
Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀

It would have been much appreciated if you had completed the heading of your post,    'we are currently in a year where the trend of btc is bullish' perhaps  Smiley
Yes we can make reference to previous cases of btc price corrections and outcome, but things don't always turned out to be same, however if this time will be similar to 2013, then there is a high possibility that the market will comeback in full swing and btc will record a new ath, there are lot of anticipation about end of year, hopefully this will happen.
hero member
Activity: 2366
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
History does not always repeat itself and we can not put our whole lives and capital or savings with history patterns, fractals. People can feel more interested in Bitcoin investment, more adoption might occur but together with opportunities and growth, governments will become more seriously control the market.

Bitcoin is already showing a bearish trend, although trading has rebounded in recent months. The Bitcoin futures curve has suffered a setback that formed for the most part in 2018, before Bitcoin fell 74% after its biggest gain in 2017.
so a trend like this might happen and getting to 100k is very possible
$100k for Bitcoin. It is possible but I don't know how long this bearish time will last and when it will finish. It can be a mini bear market or a big bear matter and it can last for a few months or a few years. I don't know. I am thinking of the first scenario (mini bear market) but I don't exclude the second scenario (big bear market)
full member
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Bitcoin is already showing a bearish trend, although trading has rebounded in recent months. The Bitcoin futures curve has suffered a setback that formed for the most part in 2018, before Bitcoin fell 74% after its biggest gain in 2017.
so a trend like this might happen and getting to 100k is very possible
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Bitcoin is huge growth, a big price correction in that year is not without predecent (ie 2013).
BTC still primed to go to 100k by EOY 🚀
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