100K mark crossed, what's the next destination?

[philipma1957]

https://bitcointalk.org/index.php?topic=138109.msg64844997#msg64844997

Daily [BTC] Volume Weighted Average Prices

   US Dollar             British Pound         EU Euro               Canadian Dollar       Japanese Yen
| Rank BitStamp  USD/BTC| Rank Kraken    GBP/BTC| Rank Kraken    EUR/BTC| Rank Kraken    CAD/BTC| Rank Kraken       JPY/BTC|
|  1 2024-12-12  100,871|  1 2024-12-13   79,797|  1 2024-12-12   96,239|  1 2024-12-13  143,471|  1 2024-12-13  15,451,937|
|  2 2024-12-13  100,690|  2 2024-12-12   79,374|  2 2024-12-13   96,084|  2 2024-12-12  143,261|  2 2024-12-12  15,390,366|


<snip>

this is 2 days of a 100k average this is nice.

The next step is 100k weekly average.

We also need to stay above 100k for an entire day.

As of right now we are above 100k for the entire day

[UNIVERSE]

Have been the middle of December and looks bitcoin price still stable above $100k, optimistic with bitcoin price keep in the higher price race without any large correction but waiting around one week left before end this month will many holder sell their bitcoin for end years holiday or not?
If bitcoin still stable until one week left before end this years likely optimistic for next year have potential bitcoin break higher price again, I don't think difficult break until $120k if bitcoin price this month stable and waiting for what the most surprise when Donald Trump become US president.

Yes, the price of Bitcoin has been quite stable $100k+. I'm also confident the Bitcoin price to be $110k at least. If we have corrections, it is something normal because it is needed to push the price increasing more significantly. With the positive price movement of Bitcoin, people probably keep holding because they expect to sell at higher price.

Sure, if Bitcoin increases to $110k in the near future, it will be easy to achieve $120k at the end of this month. Moreover when Trump will be inaugurated, the price of Bitcoin is likely to be pumped high again.

[Findingnemo]

Sure, if Bitcoin increases to $110k in the near future, it will be easy to achieve $120k at the end of this month. Moreover when Trump will be inaugurated, the price of Bitcoin is likely to be pumped high again.

Well, 110K is just away now since the price seems to be holding up great around 106K and now it's pushing further, also have to mention that it touched 108K already in the past 24 hours so we have quite an interesting journey ahead for the holiday season, just more than a week so definitely 120K is achievable in that period but after that we may have a slight correction before the next bump.

[debra]

Well, 110K is just away now since the price seems to be holding up great around 106K and now it's pushing further, also have to mention that it touched 108K already in the past 24 hours so we have quite an interesting journey ahead for the holiday season, just more than a week so definitely 120K is achievable in that period but after that we may have a slight correction before the next bump.

Unfortunately, $110k is quite far for now because BTC price dropped to $100k today. However, I also still believe that there is a chance to be $110k in this month. We still have around 2 weeks before the end of this month. Yes, it seems $110k will be achieved in the next pump, maybe the pump to happen in the last week of December. I just hope the current correction won't lead Bitcoin to be below $100k because it may be difficult to reach $110k in the near future.

[Azharul]

Well, 110K is just away now since the price seems to be holding up great around 106K and now it's pushing further, also have to mention that it touched 108K already in the past 24 hours so we have quite an interesting journey ahead for the holiday season, just more than a week so definitely 120K is achievable in that period but after that we may have a slight correction before the next bump.

Unfortunately, $110k is quite far for now because BTC price dropped to $100k today. However, I also still believe that there is a chance to be $110k in this month. We still have around 2 weeks before the end of this month. Yes, it seems $110k will be achieved in the next pump, maybe the pump to happen in the last week of December. I just hope the current correction won't lead Bitcoin to be below $100k because it may be difficult to reach $110k in the near future.

Yes, actually you will be creative a best opinion in your comment. We also know that in this time bitcoin passing a bull run in crypto currency market. But if we follow in cryptocurrency market, we can see that price of bitcoin is slightly down. But I believe that gradually it's price will be increase in crypto currency market. Because Donald trump also support in bitcoin. So I believe that within a short time or after one year bitcoin pass $150k in crypto currency market. At least we told that bitcoin price would be a well future in crypto currency market. So we should wait until this well future.

[milewilda]

Sure, if Bitcoin increases to $110k in the near future, it will be easy to achieve $120k at the end of this month. Moreover when Trump will be inaugurated, the price of Bitcoin is likely to be pumped high again.

Well, 110K is just away now since the price seems to be holding up great around 106K and now it's pushing further, also have to mention that it touched 108K already in the past 24 hours so we have quite an interesting journey ahead for the holiday season, just more than a week so definitely 120K is achievable in that period but after that we may have a slight correction before the next bump.

Just as expected on which the market will really be having its corrections, we might be able to see 100k on easy way but it doesnt mean that we will really be breaking up multiple resistances on which its anticipated that there will really be those corrections and dumps that could happen on which it did really happen. This is why it will really be that up you on how you do deal up with the market whether holding up your position or you will be making up some buybacks at the time that you will be seeing the price is on the possible bottom but of course this is something that not sounds so simple.

[kulkhan]

If you didn't know check the BTC price, it crossed 100K a while ago and now trading at 102K. We still got the time in this year and usually at the time of Christmas there will be a dip or correction happens but we are expecting the peak of the current run next year.

The purpose of this thread is just find out how much it can reach on this stretch? 150K or even 200K.

Yes Bitcoin price hit and crossed $100k milestone for first time in Bitcoins history. Now we are seeing correction period. Now Bitcoin price is $94k. I think within short time Bitcoin price will bounce again. And it will go more up.

We saw few days ago Bitcoin price hit new ATH which was $108k+. I think in future Bitcoin price will pump within short time. And next stoppage $120k which will happen within short time.

[pawel7777]

Yes Bitcoin price hit and crossed $100k milestone for first time in Bitcoins history. Now we are seeing correction period. Now Bitcoin price is $94k. I think within short time Bitcoin price will bounce again. And it will go more up.

I'm almost certain it will bounce back (unless there is some really bearish news popping up that would prevent it), but it's possible we will take a deeper dive before that happens. Some say that if there's no resistance at the lower $90s level, we might go down to even $70k. I think that's overly pessimistic, but whatever happens, I'm fairly confident that the $108k was not the peak of the cycle and we'll go above that in the next month or two.

[debra]

I'm almost certain it will bounce back (unless there is some really bearish news popping up that would prevent it), but it's possible we will take a deeper dive before that happens. Some say that if there's no resistance at the lower $90s level, we might go down to even $70k. I think that's overly pessimistic, but whatever happens, I'm fairly confident that the $108k was not the peak of the cycle and we'll go above that in the next month or two.

Agree. It will be pumped again when we have good momentum in the next month (January). We have some good news in the early of 2025. So we don't be so worried. Honestly, I don't believe if Bitcoin will drop again below $80k in the near future. It looks like the Bitcoin price will stay above $90k. If it can be above $95k again in the next few days, I am also confident that $108k isn't the peak. The peak of BTC price can be above $120k.

[pawel7777]

Some bullish news, Tether moved over 8,400 bitcoins to their reserve, meaning less bitcoins are available for sale on the market:
https://cointelegraph.com/news/tether-moves-780-million-bitcoin-reserve-biggest-since-march

It's important to note that those are not funds held on customers' behalf, but Tether's own reserve and a part of their policy/promise to transfer 15% of the net realised operating profits toward purchasing Bitcoin. It also shows how crazy profitable Tether is (assuming they're not cooking their books etc).

This brings their total bitcoin holdings to 83,759, so almost $8 billion.

[rdluffy]

Some bullish news, Tether moved over 8,400 bitcoins to their reserve, meaning less bitcoins are available for sale on the market:
https://cointelegraph.com/news/tether-moves-780-million-bitcoin-reserve-biggest-since-march

It's important to note that those are not funds held on customers' behalf, but Tether's own reserve and a part of their policy/promise to transfer 15% of the net realised operating profits toward purchasing Bitcoin. It also shows how crazy profitable Tether is (assuming they're not cooking their books etc).

This brings their total bitcoin holdings to 83,759, so almost $8 billion.

Tether is a good market hodler
The company's total worth of Bitcoins so far is incredible, 7,7 billions USD 
As far as I know, it is second only to Block.one as the private company with the most BTC today
Not bad

The news I like to see the most is when the news comes out that Tether has issued another 1 billion dollars hehehe, it usually means that there will be a purchase of BTC

[kulkhan]

Yes Bitcoin price hit and crossed $100k milestone for first time in Bitcoins history. Now we are seeing correction period. Now Bitcoin price is $94k. I think within short time Bitcoin price will bounce again. And it will go more up.

I'm almost certain it will bounce back (unless there is some really bearish news popping up that would prevent it), but it's possible we will take a deeper dive before that happens. Some say that if there's no resistance at the lower $90s level, we might go down to even $70k. I think that's overly pessimistic, but whatever happens, I'm fairly confident that the $108k was not the peak of the cycle and we'll go above that in the next month or two.

I also think Bitcoin price will bounce but still now dumping. Now Bitcoin price is near about $93k. And gradually it decreasing. I am agree with you that $90k is next resistance level if Bitcoin price cross low of $90k then we will saw down train for Bitcoin.

I i strongly believe that Bitcoin price will bounce from $90k. And begaining of 2025 Bitcoin price will go new ATH and it may go $120k. So we have to wait till then.

[milewilda]

Yes Bitcoin price hit and crossed $100k milestone for first time in Bitcoins history. Now we are seeing correction period. Now Bitcoin price is $94k. I think within short time Bitcoin price will bounce again. And it will go more up.

I'm almost certain it will bounce back (unless there is some really bearish news popping up that would prevent it), but it's possible we will take a deeper dive before that happens. Some say that if there's no resistance at the lower $90s level, we might go down to even $70k. I think that's overly pessimistic, but whatever happens, I'm fairly confident that the $108k was not the peak of the cycle and we'll go above that in the next month or two.

I also think Bitcoin price will bounce but still now dumping. Now Bitcoin price is near about $93k. And gradually it decreasing. I am agree with you that $90k is next resistance level if Bitcoin price cross low of $90k then we will saw down train for Bitcoin.

I i strongly believe that Bitcoin price will bounce from $90k. And begaining of 2025 Bitcoin price will go new ATH and it may go $120k. So we have to wait till then.

Actually we arent that dumping, it is really just that a normal day consolidation or having that normal correction. We didnt dropped down too much but there are those people who are speculating that we might go down even more but of course this is indeed possible too on which we know that this market does have that kind of probability. This is why at the moment that you will be dealing up with this market then make it sure that you should really be that got prepared with this kind of scenario or situation on which you do know that you can be able to make yourself handle out this volatility.

[milewilda]

I'm almost certain it will bounce back (unless there is some really bearish news popping up that would prevent it), but it's possible we will take a deeper dive before that happens. Some say that if there's no resistance at the lower $90s level, we might go down to even $70k. I think that's overly pessimistic, but whatever happens, I'm fairly confident that the $108k was not the peak of the cycle and we'll go above that in the next month or two.

Agree. It will be pumped again when we have good momentum in the next month (January). We have some good news in the early of 2025. So we don't be so worried. Honestly, I don't believe if Bitcoin will drop again below $80k in the near future. It looks like the Bitcoin price will stay above $90k. If it can be above $95k again in the next few days, I am also confident that $108k isn't the peak. The peak of BTC price can be above $120k.

Just dont get yourself that expecting too much or simply just go with the flow on which we do know that price here in our market is really that volatile on which means that it could goes up down or side. When you do set expectations then there's a tendency that you would really be that getting pissed or disappointed when the price hadnt been able to reach up your expectations. When it comes to sentiments or news then it could neither give out that kind of effect or not whether negative or positive, so it will really be that indeed vary. So it will really be that up to you on how you would be making yourself that go with the waves. Just like on what i have said that set your expectations low so that you wont be having that kind of disappointment.

[MUGNIA]

Predicting the bottom is much easier than predicting the top. Variables that may occur, such as more countries buying Bitcoin or less stringent regulations, will certainly lead to $200,000 levels. Otherwise, it is likely to be 120k-150k or a little more.

Maybe for you finding the lowest point is easy, not for me, sometimes I think already lowest price but can still be lower. Can you share your knowledge with me on how to calculate or find the lowest price for 1 coin?