Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: azmirihaque on June 02, 2021, 08:11:31 PM
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It is not impossible to reach $100k for BTC within next few years. If we see the journey of reaching 64k of BTC, we will see that it has gradually walked towards upward. The way was not straight line but it touches every up stair through ups and down. So I think, todays down turn of BTC is the signal to touch another up stair very soon.
You are always welcomed to share your opinion.
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To be honest, it is still difficult to predict where the price of Bitcoin to go now. There some bad issues and a few good news related to Bitcoin and crypto industry. Which one is stronger to lead the Bitcoin price moving, let's watch and wait first. I only can say if Bitcoin will be in the uptrend again once the Bitcoin price can pass $42k. That's what I read from various signal groups of crypto traders and investors.
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Personally, I think the current correction will continue a while longer. It just makes sense to me, since the bullish run lasted for so long.
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Sometime today I saw the price of bitcoins pumping up a lot. However, although the price of bitcoin has increased steadily, the price of bitcoin has been dumping again. Pumping or dumping is a very common thing. Because if the market does not fluctuate then the existence of the market will not survive.
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Maybe that can be possible but the current market situation is bad and the $100k target was predicted for the 2021, so there is still a hope for the $100k target but only if the BTC recover to $60k.
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The big problem with the cryptocurrency market and Bitcoin is that it is very difficult to say anything specific about it. But of course the price of bitcoin will pump again. And I have no idea if Bitcoin will touch 100k. However, if Bitcoin is re-pumped, there is a possibility of going from eighty to ninety. But whatever happens, we have to wait for the market.
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The good and the bad is that no one can know when it will happen. It can happen in 2 days or 20 years, although I really think it won't take that long. After the bad actions of Elon Musk and Tesla, we will need more patience to reach and overcome the psychological barrier of $100,000. Hope is the last thing we lose.
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How much bitcoin do you have if I may ask?
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Bitcoin price has been in the range of around $ 35,000 for a long time. It is unlikely that such a situation can already be called simply a price correction in this market. However, for a final assessment of what is happening, it is necessary to wait some time and observe further trends in the market. The situation is still capable of changing for the better. However, it looks like there will be no good price growth until the fall. If this price situation continues for at least another two weeks, then we will not see any active price growth during the summer.
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Currently Bitcoin prize are around $35k. But in a past, few days ago Bitcoin prize are $64k+. So now it’s type very hard to reach to 100k. But still crypto market are always pumping and dumping it’s very common. So Bitcoin reach to 100k in few years
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We all have been waiting and looking forward to when btc finally hit the 100k price that was so speculated by many analyst, that hasn't happened because of the unexpected crash of the entire market but hopefully before this year runs out btc will be able to reach the 72k terget first, i have also read some strong prediction regarding btc reaching 72k target, i don't know when or if btc will ever reach all this prediction but i am really hoping it will.
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Everyone is waiting for the price of Bitcoin to reach $100k, some even predict it will happen at the end of this year, I hope. But lately Bitcoin price has fallen after several attacks from bad news from China and America, plus Elon Musk's negative tweets. However, I am optimistic that the Bitcoin price will recover, and be profitable for all traders and investors.
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It is not impossible to reach $100k for BTC within next few years. If we see the journey of reaching 64k of BTC, we will see that it has gradually walked towards upward. The way was not straight line but it touches every up stair through ups and down. So I think, todays down turn of BTC is the signal to touch another up stair very soon.
You are always welcomed to share your opinion.
This is true but the thing remains that, most of the cryptocurrency investors now are too concentrated on the immediate price action of Bitcoin instead of looking at the general flow price since bitcoin was created or even look at every bitcoin market circle. Bitcoin has continued to see an uptrend in price regardless of the level of the drop from its ATH at any point in time so even if Bitcoin has dropped from its current ATH of $60k+ down to $29k+ it will still see another new ATH which could well be even above $100k.
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Everything is possible but I'm sure not that high, main reason is bitcoin never show another function anymore. Need innovation, low fees and friendly security system to support higher level. If bitcoin doing nothing they will never reach that level and loss by eth.
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Everything is possible but I'm sure not that high, main reason is bitcoin never show another function anymore. Need innovation, low fees and friendly security system to support higher level. If bitcoin doing nothing they will never reach that level and loss by eth.
I too notice lately there has been more news hinting at the possible flipping of bitcoin and eth.
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How much bitcoin do you have if I may ask?
Haha... Maybe state secret for OP.
@azmirihaque
We will be there in due time. For now one step at a time as we both know how Bitcoin behave.
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Everyone is waiting for the price of Bitcoin to reach $100k, some even predict it will happen at the end of this year, I hope. But lately Bitcoin price has fallen after several attacks from bad news from China and America, plus Elon Musk's negative tweets. However, I am optimistic that the Bitcoin price will recover, and be profitable for all traders and investors.
Yes, bitcoin has been againsted by negative news at several countries. I think It seems bitcoin so difficult to reach 100K USD at this year.
But I still believe bitcoin will reach 60K USD again at this year.
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It is not impossible to reach $100k for BTC within next few years. If we see the journey of reaching 64k of BTC, we will see that it has gradually walked towards upward. The way was not straight line but it touches every up stair through ups and down. So I think, todays down turn of BTC is the signal to touch another up stair very soon.
You are always welcomed to share your opinion.
Currently BTC is trading below $35k and I think hitting the $100k price level requires some basic reasons like Halving Bitcoin and some companies accepting Bitcoin as payment, but in reality, Bitcoin price is currently sideway and if Bitcoin can rise to $42k price it looks like a bull market will start again and that's where you can expect the price to reach $64k again and a new ATH
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It is too early to say the signal of Bitcoin back to get that high price rate. So far, Bitcoin still has many FUD and also bad news to be faced. We also know that there are still some countries that ban Bitcoin. And so far, the price is still under $36k. So, never really hope too much on the price for this month
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I think getting to $100,000 is something that will be done more or less gradually. From the current values I think it is really difficult to achieve it, but if, for example, we were to approach the last ATH again, that difficulty would be much less. But we still have to wait for those things to happen, the capitalization is now low and many investors continue to withdraw profits.
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It can be the sign of another pump or the beginning of the bearish season. Unfortunately, no one really knows it. We even don't know if Bitcoin price really can reach $100k this year. So, I think it is difficult to state a clear answer to the question. In my opinion, the current market trend is difficult to predict, very unstable and unpredictable.
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It can be the sign of another pump or the beginning of the bearish season. Unfortunately, no one really knows it. We even don't know if Bitcoin price really can reach $100k this year. So, I think it is difficult to state a clear answer to the question. In my opinion, the current market trend is difficult to predict, very unstable and unpredictable.
some time after the big bitcoin correction, the situation was unpredictable and difficult to predict precisely because everything was in the red. bitcoin itself also cannot move freely and seems quite stable at the current price for a while.
good news has begun to be heard to cover up the bad news that has indeed made bitcoin corrected, but the good news has not been able to quickly lift bitcoin because it needs stages. but let the good news keep coming all the time so bitcoin can get a shot to set the momentum up again.
there is always time for improvement because the end of the year is the final destination of the bitcoin ATH to be formed, we will see bitcoin move in Q3 until the end of this year. hopefully $100K can be met or maybe more, we are waiting for the moment.
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More than a month has passed since the date of writing this topic, however, we see that after the last general drop in market, practically nothing has changed. Prices remain practically the same. Talk about a recovery and further price increases remain just talk and good wishes. However, it should be noted that over the past more than six months, bitcoin and other cryptocurrencies have grown tremendously in price terms. However, it seems to me that the higher the price of bitcoin rises, the more difficult it will be for him to do this. Therefore, it will be very difficult for him to reach a price of one hundred thousand dollars. This can take many years.
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Is today's BTC down turn signal to another pump towards 100k? We have all seen the price of Bitcoin start to fall very low. But we all said that the price of Bitcoin will pump up a lot. But now we see the opposite. We do not know what happened here.
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Anything can happen, you will need to look at how much investors will be willing to invest at this price and its growth will depend on it. We will wait for bitcoin to grow in 100k, which should happen.
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Bitcoin price may go up to $100k, but it takes a lot of time and some new investors are willing to buy more BTC, we know how many Bitcoins are circulating in the crypto market, there are a lot of whales and we can track them on the blockchain, the owners of Bitcoins in numbers big will not trade just like that, they are also waiting and i think want to see BTC price over $100k
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It is not impossible to reach $100k for BTC within next few years. If we see the journey of reaching 64k of BTC, we will see that it has gradually walked towards upward. The way was not straight line but it touches every up stair through ups and down. So I think, todays down turn of BTC is the signal to touch another up stair very soon.
You are always welcomed to share your opinion.
True that. I believe that every downtrend in Bitcoin price is a necessary readjustment for the market to grow some more even if that is not within the immediate months or even years. We have seen this time and again, Bitcoin fell from 19k+ back in 2017/18 to $3k+ and took about four years for it to get back to a new ATH of $60k+ and now we are experiencing a downtrend in the market price again and could possibly take another number of years or not, but one thing in clears if you have been in the market for long, Bitcoins price will always recover to a new ATH.
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Well I also believe that bitcoin will touch 100k in the next few years and who knows it will be over 100k if the market hits bullish again, bitcoin increase with no limit so this time it''s good to invest now.
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Well I also believe that bitcoin will touch 100k in the next few years
It is possible but we don't know when it. I am not sure how long Bitcoin can reach $100k, it is not an easy price to reach. In my view, Bitcoin probably sideways, so the price is hard to increase again. In the next few years, it will be the bearish season or a sideways phase. In this situation, the Bitcoin price won't move very significantly.
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Today's BTC's down turn is the signal of another pump towards 100k. I know everyone has no ability to think about the future of the market. Because this market does not run under anyone. The prices of market currencies are determined based on the buying and selling of market coins. All these signals are not very important.
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I am pretty sceptical it will reach 100k this year. Not after the drama in China. :(
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I am pretty sceptical it will reach 100k this year. Not after the drama in China. :(
Based on the historical data available for Bitcoin, dreaming on it reaching at least $100,000 within this year is just a dream and may turn out to be a little nightmare for some people. Nah, that is already impossible and even if there can be another round of a bull run it will still be so hard to break that ceiling. There are now many factors in place that can prevent BTC to make that high jump.
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Every crypto "expert" got the charts wrong for the past 2 months. Want to know the truth? The charts don't mean shit right now. You're either holding through this downturn, selling hoping for a lower entry or waiting to buy in as a new buyer. Now it's time to buy, I think. New stage is closer.
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pumping towards 100k is far from reality this year 50k is the ideal/conservative value to prevent bubbles and collapse.
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Bitcoin can hit $100,000 much sooner than we imagine. A few minutes ago I read a news in which big investors like Jeremy Grantham and Michael Burry are forecasting a big drop in the markets. It is possible that much of the capital that will soon begin to go out of the stock market will go to cryptocurrencies. If it were finally like this, we could see Bitcoin (and the rest of the market) skyrocket again. We will see what happens, and where all the money that comes out of the stock market goes.
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Approx. 14500 BTC moved to Binance and this is perfectly co-related with GBTC UNLOCK of 16K BTC FUND release. so now it is very likely that #BTC is going to plunge down to 23k to 25k/26k region within coming days, Our Swing Short position is intact and we are holding same with stoploss lower then entry and if stoploss hit in any upside bounce then need to enter higher as per our previous practices of how to play signal specifically
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pumping towards 100k is far from reality this year 50k is the ideal/conservative value to prevent bubbles and collapse.
Yeah, that's true. But we cannot underestimate what the people behind Bitcoin such as whale investors can do to pump it sky's the limit.
Btw, no one ever believed that Dogecoin can hit where it is today. In fact it has no good platform aside from meme token.
If Doge is great, Bitcoin is greater. ;)