Can bitcoin hit $100k this year?

[Kemarit]

Current market condition looks better now. The market looked very badly in the early of this month. I think the market will start a new rally in the next month if Bitcoin can increase again above $90k. But there is still a chance that the market will drop again, there is no something very clear in crypto market.

The crypto market is a very volatile market and as a result so many things affect it and this is basically the reason why it will be very difficult to exactly pinpoint the movement of the market so a majority of the time it's just predictions based on what we see.

We all make our wild and educate guess. Or maybe used technical analysis, but it's not exact, we are just trying to find a pattern that could be validated or invalidated.

Although we are quite optimistic about this dump officially coming to an end, as market manipulation has it too, it's possible for this consolidation to still go on for a while as it is also possible to use to spring up back to over 100k in just a couple of days.

$90,000 should be the next barrier for us before we can spring back to $100,000. So far it's very hard to break that, the last high we had is close to $89,000. But after that, market is on a swing and there is also the Bitcoin future expiration today which I think can negatively affect the market.

[dwyane36]

$90,000 should be the next barrier for us before we can spring back to $100,000. So far it's very hard to break that, the last high we had is close to $89,000. But after that, market is on a swing and there is also the Bitcoin future expiration today which I think can negatively affect the market.

There are a large number of orders above $88k that can be liquidated, as well as around $85k. So, it's really like a swing. Personally, I think BTC could touch both levels soon. However, in the medium term, I believe BTC is more likely to drop to $70-74k rather than return to $100k.

[enwi]

$90,000 should be the next barrier for us before we can spring back to $100,000. So far it's very hard to break that, the last high we had is close to $89,000. But after that, market is on a swing and there is also the Bitcoin future expiration today which I think can negatively affect the market.

There are a large number of orders above $88k that can be liquidated, as well as around $85k. So, it's really like a swing. Personally, I think BTC could touch both levels soon. However, in the medium term, I believe BTC is more likely to drop to $70-74k rather than return to $100k.

I observed that possibility, but according to today’s BTC price, I do not think it will grow that fast. That is why they create an impression that a level will be attained shortly, while other factors can reverse the price trend or slow down the rate. BTC is relatively quite ranging, and although there are pressures on both sides of the buying and selling, one has not been dominant over the other. Besides, it is possible to conclude that position with large orders that can be liquidated does not indicate the price movement as soon as possible because the liquidity is taken by the market participants. I also can not exclude the fact that only after testing of some higher levels we will observe a large-scale correction on the BTC rate. As far as I am not fully agreed regarding the confirmation about it, I would like to regard this as something as uncertain.

[legend45]

$90,000 should be the next barrier for us before we can spring back to $100,000. So far it's very hard to break that, the last high we had is close to $89,000. But after that, market is on a swing and there is also the Bitcoin future expiration today which I think can negatively affect the market.

There are a large number of orders above $88k that can be liquidated, as well as around $85k. So, it's really like a swing. Personally, I think BTC could touch both levels soon. However, in the medium term, I believe BTC is more likely to drop to $70-74k rather than return to $100k.

I don't have a good analysis and prediction at this time, so I'm still waiting for the movement of the cypto market. Will bitcoin go up or down to a lower level. Let's see, if there is good news, the price of bitcoin will likely go back up to $ 100K, but if we look at the current market conditions, it seems that bitcoin is still having difficulty going up.
I agree with the opinions of several investors to make purchases at lower prices because the bullish season will still occur until Q3 this year.

[Bobcrypto]

$90,000 should be the next barrier for us before we can spring back to $100,000. So far it's very hard to break that, the last high we had is close to $89,000. But after that, market is on a swing and there is also the Bitcoin future expiration today which I think can negatively affect the market.

There are a large number of orders above $88k that can be liquidated, as well as around $85k. So, it's really like a swing. Personally, I think BTC could touch both levels soon. However, in the medium term, I believe BTC is more likely to drop to $70-74k rather than return to $100k.

It is obvious that Bitcoin has proven very difficult to predict, but in my opinion, Bitcoin may likely dip to the strong support level of around $78k on the weekends, and a bounce is also expected on this level. Again, a short term bullish momentum may play out on the short term, price looking good at $95k, then a pull back. However, Bitcoin $100k resistance level can be ruled, as we know, anything can happen on the market.