Is today's down turn of BTC a signal for another pump towards 100k?

[azmirihaque]

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.

[I-Bit]

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.

[mlawson71]

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.

[Trumpet]

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.

[msz900]

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.

[Mrkadir85]

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.

[Freemind]

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.

[Ferki]

How much bitcoin do you have if I may ask?

[Alcor]

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.

[Ariful]

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

[Bitstar_coin]

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.

[Seerge]

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.

[Anonylz]

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.

[sacrotic]

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.

[CryptoStar19]

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.