Is this price range a opportunity or a trap?

[Swordsoffreedom]

It depends on what constitutes a good opportunity for you. I think that, given that Bitcoin has broken through all the highs it has reached over time, it might be a good option to buy within this price range; perhaps the next target will be $150k. Or you could wait for a lower price, but risk missing the opportunity if that doesn't happen. Do you understand? It's difficult to say what's good to do or not in this case.

What I can only say is, the current price is temporary; we don't know when this every-few-hours switch from green to red will end, but I'm also very optimistic about the price creating a new high next year. Maybe after we might have reached the previously speculated $130k, only then can the market start making moves to see $150k.

I'm not saying the market is entering a bear market and I don't know what will happen next. What I am doing is preparing for everything, and whether the market goes up or down I am ready. But I want to ask you 2 and those who still believe that the bull market is not over and believe that bitcoin will still reach new ATH. Even bitcoin can hit $150k next year, what makes you so optimistic? Do you base this on any analysis, data or is it just subjective thinking?

Because if we're honest and face reality, the market is more likely to fall into a bear market than continue its bull run.

[shinratensei_]

Even though I am aware that the current Bitcoin price has a bearish trend, I still believe that a reversal will arrive soon, considering that the price has already touched MA100 and the possibility of another correction later in the $102K-$106K price range as a dynamic resistance, because usually that is where resistance strength is tested, if it can be crossed I am sure I will test the resistance at yesterday's ATH.

Reversal is already here. The big question is, will it just become a dead cat bounce or it will be a sustaining increase after the dump that shows there's still large demands?
The answer will come within few weeks whether bitcoin is retesting support or breaking out the resistance sitting at $105k.

[Minor Miner]

Reversal is already here. The big question is, will it just become a dead cat bounce or it will be a sustaining increase after the dump that shows there's still large demands?
The answer will come within few weeks whether bitcoin is retesting support or breaking out the resistance sitting at $105k.

This is what I was thinking and waiting for too. I wouldn't be too surprised if bitcoin could rise back above $100k in the coming weeks, and wouldn't be too excited or happy about it either. Because whether this is a dead cat bounce or a market reversal remains a big question.

But honestly, if you ask me, I would say it is just a temporary recovery and not a sign of a new bull run. In my opinion the market is still the same, the cycle is still repeating and the bull run is over. The chances of a miracle happening are very small.

[Orpichukwu]

What I can only say is, the current price is temporary; we don't know when this every-few-hours switch from green to red will end, but I'm also very optimistic about the price creating a new high next year. Maybe after we might have reached the previously speculated $130k, only then can the market start making moves to see $150k.

I'm not saying the market is entering a bear market and I don't know what will happen next. What I am doing is preparing for everything, and whether the market goes up or down I am ready. But I want to ask you 2 and those who still believe that the bull market is not over and believe that bitcoin will still reach new ATH. Even bitcoin can hit $150k next year, what makes you so optimistic? Do you base this on any analysis, data or is it just subjective thinking?

Unless I have seen Bitcoin go below 40% from its all-time high, until then can I be convinced that we are down to a bear market. Until then, I will just have to watch the market revolving the way it is right now, and as for creating a new all-time high, I don't see that happening this year.

The market is fighting so hard to remain where it is now; I don't see anything pushing it past $100k this year. Talk more of reaching its previous high, and this is just me making my assumption based on what I see in the market; no data backs the prediction up.

[Issa56]

This is what I was thinking and waiting for too. I wouldn't be too surprised if bitcoin could rise back above $100k in the coming weeks, and wouldn't be too excited or happy about it either. Because whether this is a dead cat bounce or a market reversal remains a big question.

When it’s comes to bitcoin prediction, thats always so difficult, and you will find it difficult to see someone that’s going to accurately predict bitcoin price. Bitcoin is climbing up back gradually, we should expect anything from bitcoin, bitcoin might be able to hit $100k in the coming week, don’t be surprise that you might be seeing bitcoin price even higher thank that. Right now bitcoin can take any direction, we don’t know if bitcoin price is going to be pumping from here, or we going to be expecting more dump, but any direction which bitcoin takes, just keep on holding.