Bitcoin could hit $100,000 within a year, crypto firm's CEO predicts!

[19Nov16]

Although the market has not recovered and dropped almost 50% compared to ATH that had happened, I was optimistic that in 2022 the price of Bitcoin could pass $ 100K, this was because currently there were several countries that opened the tender to become an official provider vendor so that it would increase demand in a way significant.

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[Silberman]

Although the market has not recovered and dropped almost 50% compared to ATH that had happened, I was optimistic that in 2022 the price of Bitcoin could pass $ 100K, this was because currently there were several countries that opened the tender to become an official provider vendor so that it would increase demand in a way significant.

There is still a lot of time left during the year to see if that prediction actually becomes true, now things are not looking good if we are honest as the market is having problems staying above the 40k level, but we also know that the market has the tendency to move incredibly quickly so bitcoin may not need a lot of time to reach that price, still even if that did not happen during this year it does not matter because we know that it is just a matter of time until such a price is reached.

[Emitdama]

The reality is that we shouldn't really be doubting the 100k part, not the CEO part. I mean sure just because one CEO says something doesn't mean that we should believe them, this guy could have said bitcoin will be 10k and I wouldn't believe that neither.

However, we are talking about something that is a bit more in-line with bitcoin going up, hence why I believe that he is right. Not because he said it, but because I already thought that it would be 100k in 2022 as well, so he said the same thing that I believed before he said it. Just because some CEO said it, doesn't mean that we have to disagree with them automatically.

[STT]

Right now we're heading downwards and till we break this ski slope we're on of constant red weekly bars dont think otherwise.  It can rally within that negative but still resolve downwards, we have broken trend up and a trend forming downwards which needs to be challenged and beaten before thinking of any greater aspirations.
  I think it'll take more then a year to do anything dramatic, just pencil that in on the basis of volatility and to reverse back upwards now in that extreme finite time scale would represent an explosion more then a rocket or other idea; not good or likely imo.

[Sir Legend]

Today the market has a sharp correction of up to 8%, I hope the bitcoin price doesn't drop below $35k, because if the price drops below $35k it will cause panic from investors and the price can continue to drop, but I'm optimistic the market will recover even though it drops to below under $30k as it was in 2021.

[sana54210]

Today the market has a sharp correction of up to 8%, I hope the bitcoin price doesn't drop below $35k, because if the price drops below $35k it will cause panic from investors and the price can continue to drop, but I'm optimistic the market will recover even though it drops to below under $30k as it was in 2021.

I think it already caused a panic, this is why we are here anyway. I mean I believe that it shouldn't be like this in the end but we are there anyway. This is something that we should await a bit longer and not really jump to conclusions right away. This is why I try to stay away from it as much as possible, just let the correction handle itself, maybe buy some if you have the funds for it, and just hold and ignore the market movements.

35k doesn't seem to be the barrier, 38k was and we broke under that and we are facing a big panic sale at the moment, it could reach to 35k and even under, but I wouldn't mind since I know it will be 40k+ again, maybe this month, maybe next, but it will be there eventually.

[Silberman]

Today the market has a sharp correction of up to 8%, I hope the bitcoin price doesn't drop below $35k, because if the price drops below $35k it will cause panic from investors and the price can continue to drop, but I'm optimistic the market will recover even though it drops to below under $30k as it was in 2021.

Right now the price is above that level and we may close today above it but I have no doubts that the bears are going to try to break through that level tomorrow and if they are successful then there is no doubt that there will be some level of panic on the market, however this should be seen as an opportunity, as when the fear sentiment has taken over most of the market participants then that is when you can see big discounts in the best assets of any market as people get desperate to sell.