Will BTC reach $100,000 in December?

[STT]

The more rapid the price changes the more apprehensive I get, its not that I dont want 100k to happen I just want the smallest gradient over the most time.    Ideally I want it to climb to that height over 24 months not 2 months, like a mountain path over the pass its best if its meanders back and forth slowly but surely.   Only the great adventurer wants to ascend vertically and doesn't fear the fall, we rise too fast it'll smack us right back down again.

[asrinur]

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true

If bitcoin's upward trend continues, the bitcoin price will reach $100k in December. And of course, with more investors expected to join in and significantly raise prices. But keep in mind that, no one can say exactly what bitcoin price will end in 2021, but if we follow the previous price action, Bitcoin could hit the expected $100k price in December.

[kotajikikox]

Let us be realistic , what must be the reason for Bitcoin to reach that high just this year? aren't we contented for the achievement just for the whole year in which the climb is more than 3x from the last ATH in 2017?
let us not be greedy guys so we will not lose also , the more you expect is the more chances of failing , let the market flow , invest if you have more funds to help the market increase and not just by asking and asking but never add value to the market.

[justdimin]

Let us be realistic , what must be the reason for Bitcoin to reach that high just this year?

The reason must be 3rd halving of bitcoin ecosystem which happened by mid of 2020. So, bitcoin got all the reasons to be reaching some big peak levels this year (hope you are aware of how supply and demand of bitcoin ecosystem get disturbed by halving).

aren't we contented for the achievement just for the whole year in which the climb is more than 3x from the last ATH in 2017?

In 2017, bitcoin climbed ~20x from the ATH of 2013. But, we have seen only 3x from 2017's ATH so far hence what would be the wrong in expecting at least 5x or 10x this time also?

let us not be greedy guys so we will not lose also , the more you expect is the more chances of failing , let the market flow

These are all good suggestions only for new investors of bitcoin but most people here are holding from 2011 to 2014 and they never need to worry about any downfall hence being greedy doesn't matter for them. I appreciate all such greedy speculations because such foreseeing alone will get people new idea on how big bitcoin could grow.

[MarjorieZimmermanGinger]

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true

Let's wait for the big pumping of bitcoin, even though we don't have the ability to buy it ourselves, but it's very interesting if bitcoin continues to be discussed, especially October is a special month for bitcoin compared to other months of the year and I'm sure the end of the year bitcoin will experience an increase in price which is much bigger than now, but don't forget to do a study if you want to buy bitcoin for this month, because high prices have to wait for a bigger pump so that we get the maximum profit from buying bitcoin.

[rahmatrf331]

bitcoin is experiencing a weak push so it is very difficult to break through the high price of $67k and bitcoin has fallen twice from to $60k previously it has risen at $63k but is back at $60k meaning investors are starting to hold back on giving support so that the market weakens slightly.

[Finestream]

bitcoin is experiencing a weak push so it is very difficult to break through the high price of $67k and bitcoin has fallen twice from to $60k previously it has risen at $63k but is back at $60k meaning investors are starting to hold back on giving support so that the market weakens slightly.

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

[STT]

I drew in a daily bar downtrend in play since 20th Oct and Im looking at that to resolve itself first.



I reckon we go to somewhere like the 50k area first but that doesnt have to happen.  If we break this downtrend then I presume we once again challenge the prices near to ATH.   In the spring time on the initial rises for BTC this year we saw that 50 day average was often the incentive for lowest prices to return upwards again, in blue thats near to 50k.   We had good news and departed from anywhere near to 50 day MA but it can return and repeat itself I think.   
  If all of that takes place before end year perhaps we get much higher but first it must be resolved.

[onecall123]

bitcoin is experiencing a weak push so it is very difficult to break through the high price of $67k and bitcoin has fallen twice from to $60k previously it has risen at $63k but is back at $60k meaning investors are starting to hold back on giving support so that the market weakens slightly.

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

There is a chance that Bitcoin will reach 70k. However, 58k is the floor, and by the end of the month it should be 60k. That vector candle looks bad. That went down to 57k. That will probably be the first one to recover. There has to be a correction after such an enormous pump. The previous ATH would be challenging to break for Bitcoin, but I am optimistic about the possibility of a boom at any time. We can trust that BTC will take us on a ride when the time comes. Buying now and it dips slightly will only result in it going up again and again to ATH. Thus, I suggest that HODL it.

[dragonvslinux]

I think your friends might be right  

I get that a lot of people don't want to be buying >$50K Bitcoin price, if the target is "only" $100K, as it seems like a lot of risk to 2x, even if it'd save losing half the value of your fiat money. On the other side, those who have been hodling BTC for a while now, don't want to sell at $50K when they are anticipating triple figures, not just $100K either. The current price as well as structure reminds me of first getting into the market at $5K. It seemed like very high risk (which to some degree it was), but ultimately it was doing so because the price of Bitcoin was very strong, so the most likely path was to the upside.

At the same time, many thought the parabolic move up to $10K was the top (myself included), but then days later it finally reached $20K and did a 4x instead of the 2x most were eyeing up. In the same way, there's a strong chance Bitcoin exceeds $100K with a similar blow off top to anywhere between $150K-300K arguably. Whether this happens or not isn't the relevant point either, it's the idea that it "could" happen, so it's worth taking the risk just in case it does. At worst, the general price target based on conservative logarithimic growth is $150K, so it's no wonder many think $100K is more or less a given (even if it's not).

I first got into Bitcoin based on the idea that by 2022 price could be 6 figures, it's why a lot of others did as well. Hence not going anywhere for now.

[batang_bitcoin]

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

We have seen a lot of times that bitcoin moved a lot within short range of time. But there's also fact in what you've said that it might not break $100k by the end of this year.
It doesn't matter whether it will or not, as long as I wish to see that it goes stable from $50k-$60k and it will no longer drop at that price because that price range is good as stable and comfort. Well, this is bitcoin that's highly volatile at most times.

[fullhdpixel]

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

I absolutely agree that there is a good chance we could hit 100k by end of December, that's true. However remember that this is bitcoin we are talking about. We could be 100k by December, or we could be 30k as well. Nothing is guaranteed in this line of work and market is always skeptical about all the moves. We should not be looking to just earn more and more and more all the time, we should also focus on not losing more as well.

There are so many people who ended up making a huge profit over course of years along with big losses as well, maybe overall in profit but they still made a big loss here and there. If we could focus on making less loss, then maybe making less profit by taking little risk would be fine. Wanting 100k that quickly is risky, we should want to stay above 60k instead, that is more reasonable and I would say more realistic at the same time.

[suzanne5223]

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

I absolutely agree that there is a good chance we could hit 100k by end of December, that's true. However remember that this is bitcoin we are talking about. We could be 100k by December, or we could be 30k as well. Nothing is guaranteed in this line of work and market is always skeptical about all the moves. We should not be looking to just earn more and more and more all the time, we should also focus on not losing more as well.

There are so many people who ended up making a huge profit over course of years along with big losses as well, maybe overall in profit but they still made a big loss here and there. If we could focus on making less loss, then maybe making less profit by taking little risk would be fine. Wanting 100k that quickly is risky, we should want to stay above 60k instead, that is more reasonable and I would say more realistic at the same time.

Yeah. The Bitcoin market is full of possibilities but we also need to be realistic when we make predictions of the market price because there are that's not possible and I have said it times without number that Bitcoin reaching $100K price range in this year halving market is not possible. Why?

The major player currently uses the retailer investors as their prey and when they feel satisfied one of the Humpback or Whales holders will dump his holding backing it up with fud news and others will follow.

[matchi2011]

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

We have seen a lot of times that bitcoin moved a lot within short range of time. But there's also fact in what you've said that it might not break $100k by the end of this year.
It doesn't matter whether it will or not, as long as I wish to see that it goes stable from $50k-$60k and it will no longer drop at that price because that price range is good as stable and comfort. Well, this is bitcoin that's highly volatile at most times.

Establishing a good barrier is better instead of trying to jump high and quickly dumped down, investors trust will be test once again, correction is always present and if bitcoin will manage to keep from the range that you are saying, expect that there are more investors who will start placing their money to this market, a good market run that will keep the value to stay close from the last time high will build trust to newcomers.

[MarjorieZimmermanGinger]

Nothing is impossible for bitcoin, we have followed the process of its emergence in cryptocurrency from the past until now, both when the bitcoin was priceless, there was a correction, and the selling price soared, even many observers believe that in the future the price of bitcoin will reach 100,000 US dollars, and what those observers say is not without research or sources that could influence this to happen.

That's why Many People Want to Invest in Bitcoin, but not everyone can do it, Considering The Price for One Bitcoin is Quite Expensive, but if you look at the Current Development of Bitcoin in the Market, then the Opportunity to Reach the Price of 100,000 US Dollars Is A Little Difficult for this year, it could be The Selling Price Will Be Achieved in The Following Years, But in Cryptocurrency Everything Can Happen Beyond The Predictions of Most People.

[2double0]

Btc is on a spree after it went mainstream and various influencers started talking about it with their subscribers.
Maintaining $60k floor right now is a big question and I am curiously waiting for 1st Nov to see the reaction of the markets. If btc breaks the present all time high of $67k, it has a higher probability of breaking $80k to $85k first as the higher the price, the more money it needs to climb up to there. According to the latest stats at Infinite Market Cap, Gold is above 5 times the market cap of btc, while investors are moving towards crypto through various channels, btc may see $100k soon.

[Victorycoin]

bitcoin is experiencing a weak push so it is very difficult to break through the high price of $67k and bitcoin has fallen twice from to $60k previously it has risen at $63k but is back at $60k meaning investors are starting to hold back on giving support so that the market weakens slightly.

I think even if the crypto market reaches a weak position it will not last long the high price of bitcoin has broken all resistance. Bitcoin could be more than in 60,000 per currency this year this does not necessarily mean that the growth of cryptocurrency will never end predicted that the price of bitcoin will rise.

[smyslov]

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true

Did you ask them what made them believe it will hit $100k this December if they just believe, it's a wild guess, if you looked at the price of Bitcoin and how it's moving based on the chart I don't think they will come out with that prediction, but of course, it will eventually reach $100k that is possible, before the halving, we are good if Bitcoin hit $70k before the end of the year.

[TheGreatPython]

Nothing is impossible for bitcoin, we have followed the process of its emergence in cryptocurrency from the past until now, both when the bitcoin was priceless, there was a correction, and the selling price soared, even many observers believe that in the future the price of bitcoin will reach 100,000 US dollars, and what those observers say is not without research or sources that could influence this to happen.

Right now, all indicators going in favor of this magic figure of $100K because recently we have some good things happening for this bitcoin and different countries also bringing regulations for spreading this few countries already have adoptions because they are feeling good this all having big impact on this bitcoin and its value.

As of now, peoples are taking positions for better profit because they are feeling in coming months there are some better things happening in this crypto world, every one looking for his position and better profit. I am personally feeling in next year first months are very important for this, and we can touch this figure, surely.

[peter0425]

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true

I'm afraid that we are just exaggerating things because Bitcoin price had already climbed so much high since last year and this is greedy belief to expect a 100k.

Yeah i don't want to be hypocrite telling I am not the one who expect this to happen but at least
i Know when to quit expecting and when to continue .