BitcoinMeter app 100k?

[ZAINmalik75]

Have you ever heard about BitcoinMeter app?
One member in different forum posted it recently and I was doing some testing in web version.
This predicts Bitcoin is first going up to 100k again, and than it's going to crash heavily back to 50-60k maybe even lower.
I am not sure what to think about it, just remember I told you about it

Never heard about this site before but if they are predicting it will crash that much they are absolutely right because I also think it will crash but not just now because now there is time for growth as it said.

It seems to be very accurate although no one can be accurate, but this prediction is it AI based, or what algorithm are they using? We should not take one site into full confidence and take other indicators into account too.

[UNIVERSE]

We are getting very close to $100k again.
I am not sure if we are going to crash back down like BitcoinMeter app predicted, but be careful if you are planning to trade or buy bitcoin.
Trade war circus between China and United States can change situation in all markets very quickly.

You're right. Today Bitcoin has crossed $95k, it is very possible to reach $100k in the next few days. However, I think it should be in the next month. For the end of this month, Bitcoin seems to struggle to reach $97k-$98k. Yes, it is unlikely that we will see the big dump again. Even if there is a correction, I'm sure Bitcoin will stay above $90k. In my personal view, the war between China and US won't bring significant impact again.

[Crypto Library]

I saw this for the first time in my life. I don't know if it actually works. I saw some tweets on their official Twitter account that they had made some predictions using their feature before, but the market didn't actually go down the road.

So I think if someone becomes superstitious about it, their trading experience can be terrible as like the others have when they blindly follow some group signals without doing any analysis. And I think after this kind of recovery for Bitcoin 100K , isn't it under rating Bitcoin?

[NotATether]

Is this yet another price predictor using linear regression? Because that's the only way I can explain why it predicts a larger price hike followed by an even larger dip.

I don't find these kinds of services accurate. There is a reason why we have confidence intervals that guess that the price will be within a particular range, and this range is also very large. It allows for better price predictions and is more useful to traders in that format.

[bitterguy28]

I saw this for the first time in my life. I don't know if it actually works. I saw some tweets on their official Twitter account that they had made some predictions using their feature before, but the market didn't actually go down the road.

if it is from their official social media accounts then there’s high chance that they are only hyping up their own platform and there’s only few genuine people who find their services helpful and accurate i am pretty certain that if they actually made good services then there’s more people who will be talking about it but the fact that there hasn’t been a lot should mean something

[JISAN]

Have you ever heard about BitcoinMeter app?
One member in different forum posted it recently and I was doing some testing in web version.
This predicts Bitcoin is first going up to 100k again, and than it's going to crash heavily back to 50-60k maybe even lower.
I am not sure what to think about it, just remember I told you about it

This is something that always happens in Bitcoin circles. Bitcoin makes an ATH at a high price and then there is a big crash, but then it returns to the previous price and rises even higher to form a new ATH. The same thing will happen this time too. Bitcoin's price started falling a few days ago but its price is increasing again, it is possible that it can touch $100k again, but its next crash can take Bitcoin to $50k-$60k. This is not unbelievable. It is natural to make such predictions when you look at the previous history of Bitcoin.

[BitMaxz]

Currently there's a huge resistance level at the $96k zone; if the price breaks that area, possibly the price could reach the $100k level.

I check the app; it looks like it also has a buy and sell signal, and by checking this signal in a 15-minute time frame, it looks like it uses an SMC strategy. Based on his buy signal, the current price has already touched the bullish FVG where the app is suggesting to buy in that area and exit to the bearish FVG.
Other signals are pointing to order blocks and exit to recent FVG.

This isn't AI-generated; it looks like it was made by a trader with his live trading history using SMC or ICT strategy.

[0t3p0t]

Never hear of this before glad you brought it here so those who had no idea about it will make a try. I am not sure about the accuracy of this kinda app or something but maybe  it will coincide let's just wait for the result whether it's predicting good or it's a miss.

[vegasus]

Reaching $100k again is very reasonable if you look at the recent price movements of Bitcoin. Although for example there will be another correction before touching that number, however, we just have to wait for the moment for Bitcoin to soar even higher.

Currently the price of BTC is around $94k, so if this goes up again, the next resistance will probably be at the $100k mark. But well, we have to be patient first, the market and its journey are still long this year,,

[debra]

Never hear of this before glad you brought it here so those who had no idea about it will make a try. I am not sure about the accuracy of this kinda app or something but maybe  it will coincide let's just wait for the result whether it's predicting good or it's a miss.

I also just know this BitcoinMeter app. I think it is like another Bitcoin prediction tool, there is no certain accuracy of prediction tool. Prediction is similar with a guess, it is through certain analysis. However, it doesn't determine the next price of Bitcoin, the prediction is possible to be wrong. So, we don't need to trust it too much. I suggest you always make your own prediction about the possible price of Bitcoin in the next few weeks/months.

[yhiaali3]

I also just know this BitcoinMeter app. I think it is like another Bitcoin prediction tool, there is no certain accuracy of prediction tool. Prediction is similar with a guess, it is through certain analysis. However, it doesn't determine the next price of Bitcoin, the prediction is possible to be wrong. So, we don't need to trust it too much. I suggest you always make your own prediction about the possible price of Bitcoin in the next few weeks/months.

I agree with you. It's just another tool for predicting the price of Bitcoin. No tool or analyst, no matter how experienced, can accurately predict the price of Bitcoin. These are merely analyses that may or may not be accurate.

This application was ultimately programmed by analysts to perform the analyses for them. Therefore, it relies on the data it obtains, and its analyses cannot be 100% accurate. Ultimately, however, it is a helpful tool that can be useful to analysts, helping them complete their work more quickly.

[Bobcrypto]

Have you ever heard about BitcoinMeter app?
One member in different forum posted it recently and I was doing some testing in web version.
This predicts Bitcoin is first going up to 100k again, and than it's going to crash heavily back to 50-60k maybe even lower.
I am not sure what to think about it, just remember I told you about it

https://bitcoin-meter.com/

Yeah, I have also done some research about the next bitcoin moves, though not an expert, but by the Bitcoin continuous side ways movements and most times going dips to $75k, there is likely that we may hit $98k or $100k before going to going New Lows. This time a strong dip in the $65k price levels can be ruled out in my opinion.
There are few crypto analyst with similar ideas on the next bitcoin movements probably, after hitting $100k. It is better to keep watching the market as trader/investors.to take a position.

[taufik123]

-snip-
There are few crypto analyst with similar ideas on the next bitcoin movements probably, after hitting $100k. It is better to keep watching the market as trader/investors.to take a position.

Once bitcoin reaches $100k it will reach a new ATH and FOMO will come again, so the bull market will be seen again.
But now Bitcoin is still trying to break through and is still in the $93k++ resistance area that needs to be broken quite strongly,
but I believe this will be an important position for bitcoin to reach ATH again.

[dkbit98]

Is this yet another price predictor using linear regression? Because that's the only way I can explain why it predicts a larger price hike followed by an even larger dip.

I don't know exactly what method BitcoinMeter app is using, and they never disclosed fully how they are making price predictions.
They showed up in our local board some time ago and it was introduced as a friend of one of our members who is behind this project.
I am a bit skeptical about this and similar price prediction models, but I am open to hear others and make my own decision.

[alltalk]

Once bitcoin reaches $100k it will reach a new ATH and FOMO will come again, so the bull market will be seen again.
But now Bitcoin is still trying to break through and is still in the $93k++ resistance area that needs to be broken quite strongly,
but I believe this will be an important position for bitcoin to reach ATH again.

It is great to see that many people feel confidence about the possibility of the next new ATH. Could you give more explanation why it probably reaches a new ATH if it crosses $100k again? Anyway, it breaks the resistance level above $90k, so it is very possible that it will return to above $100k. It may need few days or weeks to be above $100k. As long as we have no much negative issues anymore, I assume next month can be the right time for the retest of $100k.