Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?

[arwin100]

I know it doesn't look good right now with crucial support broken but I think the long term predictions made early in the year have not become invalidated. Six digit valuation is still possible, and we all have been through the motions on past rodeos to know we can still be on track.

Not holding my breath though. Prefer to be surprised than disappointed...

But its really hard to rise up after those crucial support has been break  out and if we can see more deeper in figures then provably we can experience the same long bear market season the same as before but hopefully market can recover and some big good news will spread after this dump since its really bad for long  term traders who bought at the top seeing the current condition of the market and also for sure there are so many people got panic and dumping all shits they have.

[Argoo]

You'd better comment on the article you link to, OP.

All the predictions I have read this year gave a minimum of $100K as the price of Bitcoin this year. I don't know if in the last couple of months any will have changed but most likely not. I guess if we get to November at these prices or the current price drops below $20K some predictions will start to be rethought. For my part I remain bullish in the medium and long term.

All have the good news about El Salvador adopting Bitcoin as legal tender have not had the major impact that people thought it would and Bitcoin has gone down in price since. People making these bold predictions were probably a part of that demographic that thought this would steer us into a more bullish market and making it seem like 100k was not too unrealistic.

They have probably changed their minds now they have seen the opposite reaction to that news.

For El Salvador, this is only an intention so far. It can become a reality only from September. However, the government of this country is already receiving numerous warnings about high risks and disruption of the stability of the financial system, and in this regard, international sanctions may be imposed on El Salvador.
We already see that the bitcoin price of about one hundred thousand dollars is becoming less real this year. Especially after its price has dropped below $ 30,000 today. Apparently, by the end of the year, we will not even see Bitcoin return to its recent price record of $ 64,000. Therefore, hopes for next year.

[Lucius]

We already see that the bitcoin price of about one hundred thousand dollars is becoming less real this year. Especially after its price has dropped below $ 30,000 today. Apparently, by the end of the year, we will not even see Bitcoin return to its recent price record of $ 64,000. Therefore, hopes for next year.

Nothing is unrealistic when it comes to Bitcoin, so don’t you remember that at the end of 2020 1 BTC was worth about the same as today, and then in a very short time and more than doubled its value? There are 5+ more months until the end of the year, and x3 would not be a miracle - just look at what happened in December 2017, almost 100% up in just 1 week - there is enough time, the question is will there be a demand?

Most expect this year to end in the style of the end of 2017, and if the pattern doesn’t repeat itself it’s hard to say what will happen next year - maybe that would mean a new and long crypto winter until the next 2024 halving.

[Shasha80]

I know it doesn't look good right now with crucial support broken but I think the long term predictions made early in the year have not become invalidated. Six digit valuation is still possible, and we all have been through the motions on past rodeos to know we can still be on track.

Not holding my breath though. Prefer to be surprised than disappointed...

But its really hard to rise up after those crucial support has been break  out and if we can see more deeper in figures then provably we can experience the same long bear market season the same as before but hopefully market can recover and some big good news will spread after this dump since its really bad for long  term traders who bought at the top seeing the current condition of the market and also for sure there are so many people got panic and dumping all shits they have.

I admit Bitcoin's performance over the past few months, which has stuck at $30k, is quite disappointing for all of us who hold Bitcoin. Especially now
that the price of Bitcoin has fallen below $30k, making many people worry that Bitcoin will decline even further. If it's like this it looks difficult to
recover again, but in my opinion we don't need to panic with market conditions like this. Because several times the price of Bitcoin often goes down
for quite a long time, but if we are patient we will definitely see the price of Bitcoin go up again. The most important thing is not to sell the Bitcoins
that we have now, if the price of Bitcoin can finally go up in the next few months we will regret it. And I still believe the $100k target is achievable
later this year, as long as Bitcoin doesn't drop below $20k.

[buwaytress]

But its really hard to rise up after those crucial support has been break  out and if we can see more deeper in figures then provably we can experience the same long bear market season the same as before but hopefully market can recover and some big good news will spread after this dump since its really bad for long  term traders who bought at the top seeing the current condition of the market and also for sure there are so many people got panic and dumping all shits they have.

Equally hard to break new low ground and support though, as 30k's proven. Can't really get as bad as it is in terms of sentiment and floundering commerce, with stocks, oil and funds scrambling for relief amid a mountain of never-ending stimulus. So I still feel it's finely balanced, and the bulls will be arguably more reluctant to resume 20k levels than the bears to settle for current victories.

Don't need good news. Just need fundamentals to remind the market where it's supposed to be at.