Will Bitcoin be back to $93k?

[Ever-young]

Will bitcoin go back to below $100k before it reached past $105k or $106k? The bottom is $93k but if bitcoin were to retract it might not go that low or am I wrong?

The market is just reacting base on demand this period, you can’t completely predict what will becoming of the market in the never minute to come, the change in the market is not enough to cause a panic or trigger some kind of prediction, we can go back to $105k in no time since the price is just around $103,400 as of the time of this comment, we can go back to $105k even before morning or we could also go below its current price you never can be too sure.

[justinlamode]

Will bitcoin go back to below $100k before it reached past $105k or $106k? The bottom is $93k but if bitcoin were to retract it might not go that low or am I wrong?

I am not a shot term holder but I love discussing things like this from the technical point of view. I don't see the price going below $100k anytime soon even though there have been many analysts suggesting that lately merely because of the minor retracement. My reason is that next month is the end of the second quarters of this month and we are not yet close to my expected h9gh of this market cycle which is expected anytime from fourth quarter.  Therefore, it is my estimation that price will gain at least 15% between now and the third quarters before the last quarter will record a massive move to the peak. This is my sentiment, market will still do it's thing and there is nothing anybody can do.

[Negotiation]

Will bitcoin go back to below $100k before it reached past $105k or $106k? The bottom is $93k but if bitcoin were to retract it might not go that low or am I wrong?

I am not a shot term holder but I love discussing things like this from the technical point of view. I don't see the price going below $100k anytime soon even though there have been many analysts suggesting that lately merely because of the minor retracement. My reason is that next month is the end of the second quarters of this month and we are not yet close to my expected h9gh of this market cycle which is expected anytime from fourth quarter.  Therefore, it is my estimation that price will gain at least 15% between now and the third quarters before the last quarter will record a massive move to the peak. This is my sentiment, market will still do it's thing and there is nothing anybody can do.

Your argument is also quite strong that since we are not near the expected high speed of this market cycle and usually see a significant uptick in the fourth quarter, it is unlikely that we will fall below $100,000 in the near future. However market movements can be unpredictable and it is not uncommon for small retracements or price corrections to occur in the short term. The market will move at its own pace and no one can predict it with certainty.

[JeffBrad12]

Anything is possible and if you see how crypto price action in general, you will understand that it always chasing the the leveraged trades.
But in the grand scheme of thing, these low time frame significant price action is nothing but a noise, if you hold long term you can just ignore these noise and I personally don't really care about temporary long squeeze or short squeeze because market wil find its way to recover back and there are tons and tons of people ready to reopen long position again knowing it really well that the current retracement is just at most filling the FVG.
Best course of action is probably just opening limit order around that liquidity cluster price point to DCA.