the new FOMO to $100k and beyond

[BrewMaster]

after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.

but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.

now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

[Free Market Capitalist]

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

Well, we are already in the rally, in the middle of the bull market and in a parabolic rise. I would expect a resistance around $100K because of the symbolic nature of the figure and because there is always resistance in that kind of round numbers.

But I think that in this cycle, given what we have seen, we can expect very high price increases, call it super cycles if you want, because everything points to the fact that there is going to be a state adoption and that Saylor's move is going to stimulate a lot of bitcoin adoption in companies for their reserves.

In this cycle I don't think we'll hit a million, I think $300K or $400K would already be a spectacular rise that we'd all sign up for right now.

[bitzizzix]

after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.

but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.

now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

The US has acted as a catalyst for the rise in Bitcoin prices and I think it is very possible that Bitcoin prices can reach $100,000+ by the end of the year and early 2025, because to reach that price Bitcoin only needs $10,000 which I think is very possible in the near future. And the pro-Bitcoin US government will attract more people from various circles including institutions and also various countries who will continue to adopt Bitcoin which can cause Bitcoin to be in a positive trend which will cause its price to continue to rise, and I am very optimistic that Bitcoin prices will reach $150,000-$200,000 in mid and late 2025.
And for Bitcoin prices to reach 1 million I don't think it will be possible in the near future, maybe or not I think it's too far to hope for that much which might take a very long time.

[Hatchy]

$100k is possible  then we might see a lot of resistance level as price might want to do some correctional movement back down... Looking from the h4 you would see a lot of market order, demand and supply zones that has to be touched.. the bullish momentum is is active so it might not be coming back till a big psychological level has been reached and the nearest one which is $100k.. there's no need to experience FoMO as there will still be a price correction and then anyone who wants to buy can hop in.. jumping in now might trigger a loss for you as nobody can tell when price will make that big correctional move...

[BrewMaster]

$1 million may look big but if you look at how far it is from current price, you won't think it is far anymore.

remember in 2017 price went up about 10x and 10x from $70k is $700k which is pretty close to $1 mil.

with the way the new US president has been hyping bitcoin, we may see that happen in no time
don't underestimate the power of advertisement at this level.

[Out of mind]

In November, the price of Bitcoin has been able to form a new ATH again, currently the price of Bitcoin is skyrocketing. I believe that the way Bitcoin is increasing this month, it can touch the $100k milestone at any time. Since the price of Bitcoin is currently very high, the market may be dumping a little after reaching a certain point. The possibility of Bitcoin's price touching $90,000 very quickly is very high, we saw that today the price of Bitcoin touched more than $89,500. I think Bitcoin will exceed $90,000 today and this week the price of Bitcoin may enter $100,000.

[Helena Yu]

Honestly I'm surprised to see Bitcoin price keep rising, although Bitcoin keep making new ATH, but I haven't see a news come from non technology medias are talking about Bitcoin. So, for them it's still not yet spectacular, maybe we will a lot people will talk Bitcoin when Bitcoin successfully crossed $100K.

remember in 2017 price went up about 10x and 10x from $70k is $700k which is pretty close to $1 mil.

Then why in 2021, the price not went up from $17K to $170K?

In this cycle I don't think we'll hit a million, I think $300K or $400K would already be a spectacular rise that we'd all sign up for right now.

Yeah, it's the number that I have never imagine in this cycle, I've thinking it's gonna be around $100K-$150K.

[EarnOnVictor]

after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.

but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.

now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

The $70k has never been the issue as Bitcoin broke it upwards many times and even had daily and weekly close above it. The true barrier was at March's ATH of around $73,850, but thankfully, the level has been breached successfully due to the US election. This should continue until a notable ATH is created which might also be difficult for Bitcoin to break. Our prayer should be that the level should happen nothing earlier than the Q2 of 2025, by then, Bitcoin must have made a significant bullish impact which might have resulted in a price above $100k. The liquidity shortage I complained about seems to be winding down, so hitting $100k is more feasible than before (hope).

[Marvelockg]

$1 million may look big but if you look at how far it is from current price, you won't think it is far anymore.

remember in 2017 price went up about 10x and 10x from $70k is $700k which is pretty close to $1 mil.

with the way the new US president has been hyping bitcoin, we may see that happen in no time
don't underestimate the power of advertisement at this level.

you've got a crazy gurts I must say to talk about $1M when we've not touched down on $100k. Is it impossible? Absolutely yes but it will take a very long time before getting near $1M.

Hopefully, we will start making speculation above $100k by January with resistance that would never go below the $100k mark. The rate at which we've seen this bull going to fast gives an indication that we're aided to the moon once the inauguration takes place and since it's happening pretty soon, this bull might build up to that point and suppass $100k to $250k and above at the start of the Year.

[BrewMaster]

Since the price of Bitcoin is currently very high, the market may be dumping a little after reaching a certain point.

that would be a correction and it is a good thing on the way up. these little drops help keep the rise healthy and funded.

[mv1986]

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

Well, we are already in the rally, in the middle of the bull market and in a parabolic rise. I would expect a resistance around $100K because of the symbolic nature of the figure and because there is always resistance in that kind of round numbers.

But I think that in this cycle, given what we have seen, we can expect very high price increases, call it super cycles if you want, because everything points to the fact that there is going to be a state adoption and that Saylor's move is going to stimulate a lot of bitcoin adoption in companies for their reserves.

In this cycle I don't think we'll hit a million, I think $300K or $400K would already be a spectacular rise that we'd all sign up for right now.

I know that there have been these magical thresholds in the past where the price went back and forth. But I also think I recall thresholds where everyone thought we wouldn't break through easily and then Bitcoin's price just kept exploding. I agree that the $100k mark is of course kind of a different beast here, but $10k was taken back then like it was nothing and symbolically, $10k was at least as huge as is $100k today. These days all the institutional investors are on board and taking profit at $100k because someone afraid of Bitcoin dropping to $95k again makes less sense than thinking that Bitcoin could take a really hard hit around the $10k mark.

That's why I think that although $100k represents this magical barrier, it is rather because nobody ever thought we could even get close to it. But now that we are there, I don't think it's going to be much resistance.

[CryptoBuds]

$1 million may look big but if you look at how far it is from current price, you won't think it is far anymore.

remember in 2017 price went up about 10x and 10x from $70k is $700k which is pretty close to $1 mil.

with the way the new US president has been hyping bitcoin, we may see that happen in no time
don't underestimate the power of advertisement at this level.

But they are not the same because when bitcoin was priced at $10k, its market cap was only $200 million and for bitcoin to reach $100k, we only need about $2 trillion more. But for the price of bitcoin to increase from $100k to $1 million, we need $18 trillion, which is 9 times larger and not a small amount. It will not be easy for us to attract such a large amount of money into the market in such a short time. The larger the capitalization, the smaller the growth because more money is needed to fuel that growth. That is why when investing in bitcoin these days, we will not be able to get a profit rate of up to thousands of percent like many years ago.

[Synchronice]

after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.

but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.

now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

I knew that Trump's win was going to positively affect Bitcoin's price but I was expecting a small rise after the result of elections and then I was expecting a good rise after Trump's entrance to White House but as it seems, Trump's positive influence was more than expected.
At the moment I look at charts and from 58.9K USD, it has been going up since 11 October. From 6 November, Bitcoin had 10% rise, which is a huge rise, then it saw 6% rise and yesterday higher than 10% rise. Today, the price only went down a bit for a limited time, it quickly recovered and at the moment price was very near to its all-time high. If we keep this and there won't be a sudden FOMO, this week we will surpass $100K and a new record will be on the table.

[icalical]

The idea of Bitcoin hitting $1 million anytime soon highly speculative I think. Historically the trends following Bitcoin halving suggest the price of Bitcoin often consolidates before a bigger bull run after its halving, peaking about 12-18 months into the cycle. I think the near-term peaks lie somewhere between $100,000 and $250,000 https://www.cryptopolitan.com/bitcoin-price-prediction/, pending ongoing adoption and favorable macroeconomic conditions.

While this rally is promising, I would still be cautious. Corrections due to high volatility and long term holders selling their profits, which has happened previously, could occur. The market does look strong at this juncture, but it won't be smooth sailing ahead for exponential growth.

[batang_bitcoin]

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

I have read thoughts and speculations that it's going to be from $270k-$800k. Close to $1M but I'd love to see all of those highs. $100k is the first target for this first rally and then whatever comes next, as long as it's more than what we've got right now, it's a certain win for the majority of the holders that have bought under $70k. Those that still haven't got a good entry, they might just wait for the next bear market on 2026 or so but every cycle and bear market is different and in the last one that we have, it's not that critical at all.

[Woodie]

Clearly FOMO is good for the market as we are all beneficiary's , when everyone thought the market's could reverse to trigger the sells...the US presidential elections happened and price has had the momentum ever since and people trying to ride the wave 🌊 while it's still forming shows we have lots of people that believe in the crypto waiting for the bull run and this will keep going especially that POTUS likes to give updates occasionally which will keep spiking the price up...let's go 100K.

[Frankolala]

US election has put FOMO on people after Trump's victory, and that has made more people start buying bitcoin due to the continuous price pump. I didn't believe that bitcoin will reach 90k this month because the price was within 71k range on the 1st of November. This circle has been different from the previous ones because we saw bitcoin make a new ATH before the halving and now we have also seen how Trump victory is making the bull run more exciting. I feel that by the end of this month bitcoin might achieve the 100k mile stone, and next year the price might reach $150k

[GigaBit]

Bitcoin's upward momentum that started after Trump elected. I think the confidence that has been created in the crypto space will certainly drive the Bitcoin price up by $100k and hopefully very quickly. It was hard to predict that Bitcoin would touch $90k so quickly,  there was a sense that the market would be extremely bullish towards the end of this year. Investors now definitely have a positive view of Bitcoin, which is why they have gained confidence in investing together. I don't know how far this bullish trend can take bitcoin price but from a guess we can assume it will cross $100k and after that it is uncertain where bitcoin price will limit its momentum but I wouldn't be surprised if it goes to $150k in this bull run. But in present conditions if we think like $300k to 1 million it will not be relevant.

[Marvell1]

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

I have read thoughts and speculations that it's going to be from $270k-$800k. Close to $1M but I'd love to see all of those highs. $100k is the first target for this first rally and then whatever comes next, as long as it's more than what we've got right now, it's a certain win for the majority of the holders that have bought under $70k. Those that still haven't got a good entry, they might just wait for the next bear market on 2026 or so but every cycle and bear market is different and in the last one that we have, it's not that critical at all.

If this bull season ends with a final ATH of over $270k or even $800k, then even if the bear season comes and we buy bitcoin, the price will definitely be much higher than the current price. I don't think if bitcoin can rise above $270k in this bull season, it will fall below $100k in the next bear season. Besides, what guarantees that history will always repeat itself now that Wall Street has entered the market this year? Are they creating another opportunity for us to buy cheap bitcoin? Therefore, I think if anyone wants to invest in bitcoin, they should buy now and maybe apply DCA strategy to get the best results instead of waiting.

[Pandu Geddon]

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

No one knows the peak of Bitcoin will grow. But looking at the current price, it seems that $100k is quite close. now Bitcoin is moving sideways if we look at it. but it looks like it will be a longer rally with a few more pumps. Bitcoin is in a good trend and, naturally, everyone is currently quite excited about the growth of Bitcoin price, and talking about $100k is very reasonable.