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Author Topic: Bitcoin's $100K price target returns as BTC price breaks out of bull pennant?  (Read 222 times)

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The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.
Bitcoin (BTC) looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure.
Dubbed as the Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a strong move higher. It ultimately prompts the price to break out in the direction of its previous trend to a level typically at length higher by as much as the size of the initial large move.
On Bitcoin weekly charts, the cryptocurrency appeared to have been trending inside a similar consolidation structure, with its price fluctuating inside a triangle-like structure following a strong move higher (Flagpole).
Last week, Bitcoin broke above the structure's upper trendline as it rose by 13.5%, with rising trading volumes to boot. As a result, the cryptocurrency's breakout move indicated its potential to rise by as much as the size of its previous trend (nearly $50,000).
Measuring from the point of breakout (~$48,200), the Bull Pennant's upside target thereby comes out to be another $50,000 higher, i.e., almost $100,000. other info

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I agree with you because the price of Bitcoin is going up a lot now.Bitcoin made a new history a few days ago and maybe again Bitcoin is going to touch 100k dollars this time.This is very good news for us and for all of us who are involved in cryptocurrency.We also know that as the price of Bitcoin rises, so does the price of other comments in the market.So when the price of Bitcoin rises, the cryptocurrency market continues to be successful.

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:)

Linda78

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Bitcoin is the most widely circulated currency in the world. These coins are currently valued at  57,500.Everyone thinks that the value of bitcoin will reach 1 lakh dollars at a time. I don't think we have to wait long for that to happen. Cryptocurrency is the rule that one time the price will increase and another time the price will decrease. I think it will cross  1 million by 2022. Lost Bitcoin is the king of cryptocurrency.
« Last Edit: October 14, 2021, 06:16:55 PM by Linda78 »

Nostoman

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I wonder when the price of Bitcoin will reach $300k. Because at present the approval of Bitcoin is increasing in different countries. And different country-based cryptocurrencies tend to come to market. From that point of view, it is expected that the price of Bitcoin will increase to the maximum. But what could be the price of Bitcoin in the next 10 years So in the long run Bitcoin will continue to improve.

EKRA13

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In the days to come, cryptocurrency will bring good news for crypto related.  The prices of various coins have already started to pump.  Bitcoin and ether are fluctuating more.  We know that the higher the price of Bitcoin, the higher  price of other coins in the market.  Researchers predict that Bitcoin will touch 150k in a few days.  If this happens then investors in the market will have huge success.

TomPluz

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I think this is now an accepted fate for Bitcoin...not anymore a question of IF but a question of WHEN. Now, there can be a big possibility that in 2021, this will never happen but for sure 2022 can see Bitcoin go beyond $100,000 each coin. There are now clear signs for its strength and with the continuing interest by the market, am sure we will get there as time allows. I am so sure of this.
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Markuri33

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The way the price of Bitcoin is currently rising, of course, the price of Bitcoin will soon exceed $70k. And will the bitcoin price exceed $100k by 2021. And by 2025 the bitcoin price will exceed $300k. Since Bitcoin is the king of all cryptocurrencies, the Bitcoin price must increase a lot at some point. At the same time I think the price of tokens in Alat Coins will increase massively.

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The price of Bitcoin exceeded the maximum of 60k dollar in early 2021. But then Bitcoin began to collapse and what came down to 30k dollar.  But we can see again that the price of Bitcoin has slowly reached k 57k dollars.  Now the way the price of Bitcoin is rising must surpass 100k dollar by the end of 2021.  And I've seen a lot of cryptocurrency market analysts say that the price of Bitcoin will definitely drop to 100k dollar in this year.

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The way Bitcoin is currently rising in price will go to the moon in a few days. I think the price of Bitcoin will definitely exceed $100k but maybe after 2021 or maybe. The price of Bitcoin could exceed the maximum 80k dollars this year. At present, the price of Bitcoin has suddenly pumped up a lot and again it has come down a bit. A lot is fluctuating between $57,000.

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Bitcoin is currently priced at 57920 dollar.  The price of Bitcoin is increasing little by little.  Now the price of all coins in the cryptocurrency market is going up which is why the price of bitcoin is usually going up.  Bitcoin prices are rising fast due to the huge demand from investors.  If the price of Bitcoin continues to rise, it is much more likely to be 1 million dollars.

EAA-ALLAH

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If you look at it for some time, you can see that Bitcoin has started to grow a lot. Currently, the price of Bitcoin is between 57 thousand and 58 thousand dollars. Many have targeted Bitcoin by 2021Will be worth a million dollars. But of course I think the price of Bitcoin could be in the range of 70 to 80 thousand dollars in 2021.

Fighter

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In the way the price of Bitcoin is now rising at a rocket speed in the cryptocurrency market suggests that Bitcoin is going to touch 100k$ very soon.If you take a closer look at the cryptocurrency market, you can see how fast the market is moving and the total supply of bitcoin. The price of Bitcoin is now hovering around 60,000$.However, many investors say that Bitcoin may touch 100k$ in 2021.

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most likely the price of bitcoin this year can be $100k, as long as bitcoin gets the full support of investors and whales then it will make it even easier to achieve its target this year, hopefully it really happens and can provide lots of profit for bitcoin holders.

 

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