Will BTC reach $100,000 in December? - page 4.

macson

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

maybe $100k or under $100k....just a reminder that bitcoin prices can't be predicted 100% accurately. but seeing how investors are interested in the crypto market later this year i'm pretty sure the bitcoin price will be at $100k, buy it before it's too late.

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Quote from: Farma on November 28, 2021, 05:46:56 AM

for this year, the price of bitcoin reached $100k to be very small huh. I also think so. a few months ago, I speculated that this month the bitcoin price could reach the $75k or $80k range. however, it looks like a correction is taking place and pushing bitcoin even below $60k.
however, reaching a price of $70k alone is a very good start to 2022. I still believe that prices will rise again in the near future. however, it doesn't look like the price will reach $100k by the end of this year. Well, let's hope it's actually achieved in 2022.

I have seen many people talking about 100k recently, everyone is aiming at that and I hope that it happens. Yet, just like you said, even if we are above 70k and whatever it is, it could be 70001 then I would be happy about it. That's a great base to start with, every year bitcoin is reaching insane numbers and I am quite happy about it. Aside from going from 2018 to 19, nearly every year was a big success and I hope that same could happen this time around as well.

I can't say much about what is going to happen but I see that every time we are higher yearly, that is a good thing for the future. If we are higher every year, what would be the price of bitcoin in 2030? That is the thing that I am so happy about, if we keep this long term trajectory going on, then we are going to end up with something huge when 2030 hits and maybe that would mean I would be rich? Who knows.

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Quote from: coin-investor on November 28, 2021, 05:16:21 AM

I don't think it will ever again unless something extraordinary happens to the economy of the world or the technology, what happened last year is a huge opportunity that was offered to us, and about the price of Bitcoin this December I don't think it's possible anymore, we just have to be thankful that we break the old-time high, maybe next year the $100k is possible, every year things gets better.

seems, for this year, the price of bitcoin reached $100k to be very small huh. I also think so. a few months ago, I speculated that this month the bitcoin price could reach the $75k or $80k range. however, it looks like a correction is taking place and pushing bitcoin even below $60k.
however, reaching a price of $70k alone is a very good start to 2022. I still believe that prices will rise again in the near future. however, it doesn't look like the price will reach $100k by the end of this year. Well, let's hope it's actually achieved in 2022.

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Quote from: bots1 on November 28, 2021, 04:29:09 AM

... Bitcoin is currently in a correction phase as there is practically no resistance to the upside. Bitcoin price is still difficult to reach levels above $66k. Therefore, it will be difficult to determine the next target at the level of $100k in December. However, it is important to note that the market trading volume is now higher, which means the bitcoin price will not drop below $30k again.

I don't think it will ever again unless something extraordinary happens to the economy of the world or the technology, what happened last year is a huge opportunity that was offered to us, and about the price of Bitcoin this December I don't think it's possible anymore, we just have to be thankful that we break the old-time high, maybe next year the $100k is possible, every year things gets better.

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Quote from: n0ne on November 21, 2021, 04:02:22 AM

The price of bitcoin is stabilizing around $57k - $59k for some time period. If this resistance gets broken we can expect the price increase to continue. Over the last week the buy force have decreased alot. When buy pressure decreases the sell price can be seen high. This will disturb the market and doesn't allow to break resistance barriers. So, for sometime the market will grow with fluctuation than a complete bull trend. So, $100k in December is not a possible one.

Nah, it goes down to $54k-$55k so there's no stabilizing but the price keeps falling a bit. Maybe because of the news about the new strain discovered in South Africa and now spreading in Israel and EU.

So we are moving away from that $100k prediction this December. However, it's not the end of bitcoin if we didn't reach 6 digit at the end of the year. We might still attempt at it next year when everything has settled a bit.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

In my opinion, After the bitcoin price hit a new ATH for the second time this year, Bitcoin is currently in a correction phase as there is practically no resistance to the upside. Bitcoin price is still difficult to reach levels above $66k. Therefore, it will be difficult to determine the next target at the level of $100k in December. However, it is important to note that the market trading volume is now higher, which means the bitcoin price will not drop below $30k again.

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Quote from: n0ne on November 21, 2021, 04:02:22 AM

The price of bitcoin is stabilizing around $57k - $59k for some time period. If this resistance gets broken we can expect the price increase to continue.

57-59k is not the resistance because we had already broken the 68,900$ value meaning the next target is 70 and that is the resistance.

Quote

Over the last week the buy force have decreased alot.

decreased a Lot? losing almost 10k in the ATH is a Lot for you? well for me that is just a peanut compared to the price last year same date.

Quote

When buy pressure decreases the sell price can be seen high. This will disturb the market and doesn't allow to break resistance barriers. So, for sometime the market will grow with fluctuation than a complete bull trend. So, $100k in December is not a possible one.

nope there are no decreases in Buying pressure instead correction is what we are having .

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The price of bitcoin is stabilizing around $57k - $59k for some time period. If this resistance gets broken we can expect the price increase to continue. Over the last week the buy force have decreased alot. When buy pressure decreases the sell price can be seen high. This will disturb the market and doesn't allow to break resistance barriers. So, for sometime the market will grow with fluctuation than a complete bull trend. So, $100k in December is not a possible one.

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Quote from: 19Nov16 on November 02, 2021, 04:12:52 AM

What happened with october hitting a new ATH $66k makes me optimistic that december will hit $100k, the ever-increasing daily transaction volume is a strong indication that we are getting closer to $100k, and i'm sure the bitcoin low will not go below $50k .

I am agree with your said, the BTC will not going down under $50K again, the support has solid and strong on top of that, so I think what you're saying makes sense. Just let people sell their BTC in panic due to correction, and those of us who believe in BTC will be winners

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

the possibility will always be the case for bitcoin, there is nothing impossible that bitcoin can do. although the current price movement is indeed difficult to predict, because it can quickly change up and down as well as quickly. but optimism for bitcoin is not a difficult thing to do, it just takes patience for it.

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It is still possible, market is now very hard to defined sometimes it goes down like crazy but it turns back like a bull again. Based on market movement I feel like there is still hope that btc will rise up to 100,000$ on December. Maybe after the dip we will see btc reach another all time high price.

Yes, you are right. Bitcoin is currently difficult to predict with the steps it takes, at any time it can change quickly either down or up. so when it was just one step to reach $70K only, finally corrected very deeply to date and has been at a price of $55,993 will it continue to fall to $30K like July or $40K like September? we have to wait for that. hopefully it doesn't happen because the upgrades to be made are too far.

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Let's see how deep the most recent correction is going to take bitcoin, so we can have a hint about how further bitcoin can reach by the end of this year. I just hope it doesn't take too long for the correction to cease, because if it does, there are serious chances bitcoin isn't going to hit 100,000$ or even 80,000$ or 90,000$ this year yet.

Personally I think there isn't a strong reason to justify the crash in price we see right now. There aren't important events to back it, what makes me believe it's just some whales cashing out their funds and not a serious crisis involving waves of investors getting their funds out of crypto market fearing a bearish season, what could generate a harmful domino effect.

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About 13 more days we will enter December, although the market is red these few days but I'm optimistic that December will now skyrocket, the price of $100k will be reached soon of course because November can improve and pass $70k. and now focus on buying and holding so that we can make big profits in December.

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Quote from: snipie on November 13, 2021, 09:16:00 AM

Quote from: STT on November 12, 2021, 03:53:28 PM

Improvement to the protocol capabilities is a good thing long term but speculation relates usually to shorter term dynamics more where anything can happen.

I think we are bearish for now,

https://i.imgur.com/O0Erx5j.png

We have some slight pattern of lower highs and lower lows which just in a simple take leads us lower shorter term. Its harder to say for how long in time and price this will be but below 65k I do think its bearish this week at least.

Ups and downs, and it is recovery and consolidation time right now while waiting for a serious push to rise the price up to +$70k by the end of November. December is the month where bitcoin price rises the most historically but I don't have the feeling to see $100k this year. I hope my feelings are wrong of course!
There is another issue, Musk trouble with taxes, it can go to either direction, get ride of some of his crypto wealth or turn it to cryptocurrencies. This could push the price beyond our expectations imo

Yeah, so it will take time, again, we experience some correction in the last 3 days and in the last week, bitcoin is -6%++.

So not so fast for that $70k goal for this month, I thought though that we are going to exceed $80k for this month, however, I'm wrong at every sense. But still not over yet, we are still in the bullish phase and we have the month of December to really push the price this 2021. I don't want to talk about the expectations of 6 digits, if it will come then good, if not then we shouldn't be disappointed.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

The probability is greater and it is close to correct the prediction, if we look at the condition of bitcoin in the market in the last few months, but anything can happen to coins in crypto, and bitcoin is no exception, if you can pay attention to statistics on the movement and development of bitcoin in the market, then Bitcoin will most likely reach $100,000 US dollars by the end of the year or early next year.

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Quote from: maydna on November 13, 2021, 06:13:28 AM

When the downtrend still appears, the data could be changed and the buying pressure will increase while the selling pressure will decrease because people want to buy bitcoin at a low price. This time, people are trying to buy more bitcoin at the current price because they don't want to miss to make a big profit later. They believe that the bitcoin price will increase more than $70k so they want to buy it again and sell bitcoin at the highest price.

Long-term investors have that mindsets while daytrader have different views about the market. The selling pressure sometimes is also being artificially created by big fat whales. You need to assess and make sure that before you place your entry; you performed every necessary research, anticipating the market is really hard, but with good knowledge and understanding, the chance of making a good amount of money is really possible.

Buy low and sell high, very common but difficult to perform when you are inside this high volatility market.

Your deeper engagement may increase your chance to work well, deciding whether to believe that $100K still achievable depends on how you assess everything.

snipie

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Quote from: STT on November 12, 2021, 03:53:28 PM

Improvement to the protocol capabilities is a good thing long term but speculation relates usually to shorter term dynamics more where anything can happen.

I think we are bearish for now,

https://i.imgur.com/O0Erx5j.png

We have some slight pattern of lower highs and lower lows which just in a simple take leads us lower shorter term. Its harder to say for how long in time and price this will be but below 65k I do think its bearish this week at least.

Ups and downs, and it is recovery and consolidation time right now while waiting for a serious push to rise the price up to +$70k by the end of November. December is the month where bitcoin price rises the most historically but I don't have the feeling to see $100k this year. I hope my feelings are wrong of course!
There is another issue, Musk trouble with taxes, it can go to either direction, get ride of some of his crypto wealth or turn it to cryptocurrencies. This could push the price beyond our expectations imo

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Quote from: Vaskiy on November 12, 2021, 03:31:54 PM

Quote from: maydna on November 12, 2021, 11:38:43 AM

Quote from: bengsabeng on November 04, 2021, 03:55:04 AM

Quote from: DOH! on November 02, 2021, 12:13:25 PM

Well, I'm eagerly anticipating that crazy bull run. Bitcoin has a strong start today, to hit $100k or so at 130k is a possibility then November is crucial to move to that point at EOY. Waking up on the ground and going to the moon, it won't be faster at that psychological level, I guess $70k will fill up fast I guess it will be next week.

this is the same as the case when bitcoin tried to break through $50k, where the bitcoin price broke through $50k but didn't last long and after that the bitcoin price stabilized between $45-$49k for quite a long time. the resistance line is currently turning into $64k and I am very sure that soon the bitcoin price will break through that resistance line and will reach the point of $70k or even $80k.

Perhaps, the $70k will breakthrough this month because the bitcoin price is almost hit $70k a few days ago. So the chance for the price to increase really breaks through to $70k can happen in the next bull run. We can wait for what will happen in the rest of this month and prepare to sell at our target price. Perhaps, the price will not just hit $70k but it could hit more than $75k so it is exciting to wait and see the bitcoin price movement from today while we can buy more bitcoin if the correction comes.

According to the onchain data the buying pressure have decreased and the panic selling pressure has increased due to FUD. This keeps the market in the correction phase and $70000 is the next major resistance level. Before that it'll tend to break $66k. Based on the ongoing market scene the price could go down to $60k if the resistance doesn't get broken as whales and institutional investors are buying out of the panic sell pressure.

When the downtrend still appears, the data could be changed and the buying pressure will increase while the selling pressure will decrease because people want to buy bitcoin at a low price. This time, people are trying to buy more bitcoin at the current price because they don't want to miss to make a big profit later. They believe that the bitcoin price will increase more than $70k so they want to buy it again and sell bitcoin at the highest price.

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Quote from: STT on October 25, 2021, 04:28:08 AM

100k is possible but I still wouldn't estimate it occurs this year despite the recent new higher price. I think more volume and pressure to break upwards is required for such a large gain, higher prices do bring in new sellers also its a cycle between both ends of the market. To not be satisfied with pricing in the 60k is more then a little ungrateful, holding such a high price for this year is a great achievement in gains for Bitcoin; this is already a very positive market, developing will take time to build imo.

I get that we have 1 bad year, 2 decent years, 1 awesome year, and 1 bad year again and that cycle continued so far. However this doesn't mean that 2022 needs to be a bad year. It could be a great year as well, maybe this year everything will be different and we are going to have a huge profit this year?

Maybe it will be the year we reach to 100k? I do not know what will happen in 2022 and neither anyone else. So, we just need to wait and see what happens. I hope that it does a lot better, sure it doesn't look like it will be based on history but history doesn't need to repeat itself. I am very hopeful about 2022 and hope to see us break 100k+ and I do not expect a big fall at all.

STT

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Improvement to the protocol capabilities is a good thing long term but speculation relates usually to shorter term dynamics more where anything can happen.

I think we are bearish for now,

We have some slight pattern of lower highs and lower lows which just in a simple take leads us lower shorter term. Its harder to say for how long in time and price this will be but below 65k I do think its bearish this week at least.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

It will not only hit 100,000$ but also go beyond it but when it remains to be seen. There is huge institutional interest in Bitcoin as well as mass adoption is going on at fast pace. Salvador already announced Bitcoin as legal tender and more will announce soon. Taproot upgrade is also coming within next few days which will upgrade Bitcoin to improve its functionality. This should also make good impact on Bitcoin Price.

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