Bitcoin takes aim at $100,000 target

[YuginKadoya]

Bitcoin had taken it's forth parabolic phase and may take another all-time high that may drop a price of over $100,000 USD, I guess this is a new trend and may simply take the world of cryptocurrency by storm again.

And many traders had confirmed this parabolic phase to settle in this bull trend, What do you guys think? Any comments about this.

https://cryptoslate.com/bitcoin-long-term-trend-bullish-short-term-not-so/

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[LFC_Bitcoin]

There are many pointers that tell us we’ll reach a price of over $100,000 per BTC during this cycle. Soeak to HairyMaclairy on this forum if you want in depth, technical analysis. The price should continue to slowly rise overall until the halving (approx 10 months away). What we’ll see 6-18 months after the halving, hopefully, is the parabolic surge that’ll take us to $100,000 per coin.

[Aveatrex]

There are many pointers that tell us we’ll reach a price of over $100,000 per BTC during this cycle. Soeak to HairyMaclairy on this forum if you want in depth, technical analysis. The price should continue to slowly rise overall until the halving (approx 10 months away). What we’ll see 6-18 months after the halving, hopefully, is the parabolic surge that’ll take us to $100,000 per coin.

In general,I have faith in analysis and consider it truthful in most cases.But,when it comes to Bitcoin or crypto in general I want you or anyone just give me one example of an analysis or a prediction made by a trader or a famous personality that turned out to be true and effectively happened in the past; that being said IMHO we won't see the $100k mark anytime soon.

[YuginKadoya]

There are many pointers that tell us we’ll reach a price of over $100,000 per BTC during this cycle. Soeak to HairyMaclairy on this forum if you want in depth, technical analysis. The price should continue to slowly rise overall until the halving (approx 10 months away). What we’ll see 6-18 months after the halving, hopefully, is the parabolic surge that’ll take us to $100,000 per coin.

In general,I have faith in analysis and consider it truthful in most cases.But,when it comes to Bitcoin or crypto in general I want you or anyone just give me one example of an analysis or a prediction made by a trader or a famous personality that turned out to be true and effectively happened in the past; that being said IMHO we won't see the $100k mark anytime soon.

It is just a speculation per se that we may reach the $100,000 USD per bitcoin, Yes I know it is safe to say that we can reach $30,000 USD and end bull run but if we look on the possibilities of what bitcoin can do it surprises us back then when it reaches $20,000 USD and this time around there are traders that think it may possibly because of the parabolic trend that the price may reach to $100 k, But this conversation is surely open for other things that can happen to the price of bitcoin, I am also skeptical that the price may reach this far and it is safer to assume that the price can just reach $30,000 to $40,000 USD per bitcoin.

[samcrypto]

Bitcoin had taken it's forth parabolic phase and may take another all-time high that may drop a price of over $100,000 USD, I guess this is a new trend and may simply take the world of cryptocurrency by storm again.

And many traders had confirmed this parabolic phase to settle in this bull trend, What do you guys think? Any comments about this.

https://cryptoslate.com/bitcoin-long-term-trend-bullish-short-term-not-so/

Many are too optimist about the price of bitcoin, yes the chart says it all but we can't still be confident about it. We might hit the level of $30k this year but the question is how long we can stand on that level. Bitcoin should stay strong for us to see the level of $100k nevertheless there's really a chance for that price, only time can tell to us and let's all hope for the best price with the best coin.

[FanEagle]

I understand that 100k has been the goal of many bitcoin people and I feel like its such a target that if we finally reach it one day then we will fall like huge, because everyone aims at it so much that when we hit it then they will sell it, nobody would wait for 110k or 200 or 300, if we reach 100k they have been waiting for it for years so they will just dump all coins they have in their possession.

So, I both want to see 100k but I also do not want to, maybe stay around 50-80 for a long time before we jump over 100k so we could both enjoy the increases a bit before we eventually end up losing most of it back. Hopefully though all these experts that calls for 100k is right and we reach that, the higher the price the more credibility bitcoin gets from non-financial world as well.

[NeuroticFish]

It would be super to see 100k, but I think that it's too high. There's a good chance that this ATH won't go past 60-70k. The "cool down" was too quick, the value is still big enough to attract investors' eyes (especially after that 20k) and many of those investors that came in are already happy with 20%-like profits. If the momentum is clear, they'll allow it to grow, but they'll be super eager to withdraw at a clear sign that the rocket fuel is depleting.

[The Cryptovator]

Although I am positive with bitcoin current price but I don't think we will see at $100K very soon. It might happen but I believe need more time and I can't predict when it will happen exactly. Lots of predictions we have seen during current bull run. But seems bitcoin walking it's own trend, and likely trend is enough healthy. At first bitcoin should cross ATH, then we might expect another ATH. I am guessing we might see ATH again on next year.

[bitbunnny]

There are many pointers that tell us we’ll reach a price of over $100,000 per BTC during this cycle. Soeak to HairyMaclairy on this forum if you want in depth, technical analysis. The price should continue to slowly rise overall until the halving (approx 10 months away). What we’ll see 6-18 months after the halving, hopefully, is the parabolic surge that’ll take us to $100,000 per coin.

Honestly, I don't believe that, it's way exaggerated. Nothing is iimpossible when it comes to Bitcoin, I have to say that too, still I don't believe Bitcoin price will go all the way to 100K. No matter that such predictions are made on certain analysis don't forget that analysis is correct as much as the data are and there is always a subjective estimation too so I'm not convinced.

[BitHodler]

It might happen but I believe need more time and I can't predict when it will happen exactly. Lots of predictions we have seen during current bull run. But seems bitcoin walking it's own trend, and likely trend is enough healthy.  

The thing here is that Bitcoin goes against what the majority of the people here are preparing themselves for. It could even mean that we may see a brutal selloff to shake out those who will dump on your face at much higher levels.

When the majority expects a new all time high or even $100k to be reached, it's less likely that this will happen within the time frame they aim at. It's pretty basic market etiquette.

Remember how people on the way down to $3000 were speculating about $2000 and even sub $1000? Panic sellers unloaded their bags aiming to buy at these lower levels but we're surprised by the market's counter effect.

[hugeblack]

There are a lot of eyes watching cryptocurrencies to prevent manipulating so I do not think we're going to reach $ 100,000 soon, taking into account the rules that monitor platforms "Most of the gains above $ 12,000 were faked."
The price stability at any range is much better than the crazy highs up to $ 10,000 and then collapses within several hours.

The real target stability is at $ 20,000.

[rdluffy]

A lot of people are saying BTC will hit 100k
They study the charts and look fot theories, but it's easy like that, it needs a LOT of investments for big investors, companies etc

[Findingnemo]

Bitcoin had taken it's forth parabolic phase and may take another all-time high that may drop a price of over $100,000 USD, I guess this is a new trend and may simply take the world of cryptocurrency by storm again.

And many traders had confirmed this parabolic phase to settle in this bull trend, What do you guys think? Any comments about this.

https://cryptoslate.com/bitcoin-long-term-trend-bullish-short-term-not-so/

When we think we understand the the price movement of Bitcoin then show show the price moment will be unpredictable again by just moving in the wrong direction. So I don't really trust the $100,000 prediction will come true just because of the parabolic movement on the chart.

[nowlscor18]

Many predictions we saw during the current bulls. However, Bitcoin seems to be driving its own trends, and the trends that may arise are quite strong. Given the current price of Bitcoin, I do not think that we will immediately see $ 100,000.

[peter0425]

Of course bitcoin has shown us that everything is possible, it can even go to $1 or even $100K. It is an speculative asset so it can grow overtime, might take some years specially after the most awaited event, the block halving. Which majority of us has been touted as the final catalyst to the next massive bullrun we all have been waiting in 2020-2021.

[1Referee]

There are a lot of eyes watching cryptocurrencies to prevent manipulating so I do not think we're going to reach $ 100,000 soon, taking into account the rules that monitor platforms "Most of the gains above $ 12,000 were faked."

What we have gone through is not manipulation, just the result of buyers and sellers dealing with little depth on both sides of the book. The wild fluctuations might seem like they are extreme, but they are perfectly normal. Did you forget about how we had similar volatility back in 2017 and even 2018?

$100,000 isn't that difficult to reach with how little supply there is. If altcoins boom alongside Bitcoin and stimulate people to use their Bitcoins to trade altcoins back and forth, it helps removing hundreds of thousands of coins from the main market and thus contribute to more spot scarcity. As always, the crash that will follow will not be pretty.  

The real target stability is at $ 20,000.

$20,000 will trigger some extreme volatility. It won't be stable at all. If we break through the last resistance level, algorithms will go nuts, investors will go nuts. Traditional investors would consider it a 100% probability to bet on Bitcoin not breaking through $20,000 again. Bitcoin breaking that level will convince even these investors that it's here to stay.

[hatshepsut93]

I'm getting suspicious that when so many people set up some fixed price as their goal, it will either not be reached, or the price will greatly surpass it. I've been believing for a long time that this run will end at $60,000, but in very optimistic scenario 150k or 200k can be reached. But I think we are short on time, the bull run will likely end before halvening, and achieving x10 growth in such short period will be hard, so I'll stick to my $60,000 prediction.

[WinslowIII]

There are a lot of eyes watching cryptocurrencies to prevent manipulating so I do not think we're going to reach $ 100,000 soon, taking into account the rules that monitor platforms "Most of the gains above $ 12,000 were faked."

What we have gone through is not manipulation, just the result of buyers and sellers dealing with little depth on both sides of the book. The wild fluctuations might seem like they are extreme, but they are perfectly normal. Did you forget about how we had similar volatility back in 2017 and even 2018?

$100,000 isn't that difficult to reach with how little supply there is. If altcoins boom alongside Bitcoin and stimulate people to use their Bitcoins to trade altcoins back and forth, it helps removing hundreds of thousands of coins from the main market and thus contribute to more spot scarcity. As always, the crash that will follow will not be pretty.  

The real target stability is at $ 20,000.

$20,000 will trigger some extreme volatility. It won't be stable at all. If we break through the last resistance level, algorithms will go nuts, investors will go nuts. Traditional investors would consider it a 100% probability to bet on Bitcoin not breaking through $20,000 again. Bitcoin breaking that level will convince even these investors that it's here to stay.

Hitting $20k will be a lot like when bitcoin hit $1k after a 2 year bear market. It won't be a thing.

[Chivas Regal]

With the price having been deliberately held down for so long by traders shorting the market, people have been waiting for the sign that it is time to buy once more.  I don't think we're at that stage yet, the media haven't picked up on these price rises.  I think if anything the market is simply correcting to it's previous high point and will then level out again for another six to eighteen months.

By the end of 2020 I expect the price of Bitcoin to jump from ~ $25k to about $35k to $45k in a matter of weeks.

[Baofeng]

Many predictions we saw during the current bulls. However, Bitcoin seems to be driving its own trends, and the trends that may arise are quite strong. Given the current price of Bitcoin, I do not think that we will immediately see $ 100,000.

Bitcoin price main driver is supply and demand, simply as that. As you can see the demand is very high as right now, the price is picking up, we are in the 5 digit figure. And as we go along, and as more people are willing to buy at a certain price, even $100k then obviously it is achievable. But we need to go to overcome hurdles along the way, so it could take some time to breach 6 digits, in my opinion.