Is bitcoin going back to $100000?

[Oshosondy]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

[Finebone]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Looking at the Bitcoin price chart from a weekly timeframe, it's obvious that the bearish sentiment is not yet over, and you and I knows that the candle sticks on the higher timeframe dictate the movement of the market, so am still expecting Bitcoin to drop and retest the strong support at the $76k mark. If that support can not be broken, then we all should be expecting a reversal from there, but before then, we all should not be surprised if Bitcoin go as high as $94k before it finally crashes down the more to retest the $76k support.
So what am trying to say is that for now, Bitcoin will not go  back to $100k now because their is not enough momentum to push and break through the $94k resistance level on the higher timeframe.

[The Founding Titan]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Looking at the Bitcoin price chart from a weekly timeframe, it's obvious that the bearish sentiment is not yet over, and you and I knows that the candle sticks on the higher timeframe dictate the movement of the market, so am still expecting Bitcoin to drop and retest the strong support at the $76k mark. If that support can not be broken, then we all should be expecting a reversal from there, but before then, we all should not be surprised if Bitcoin go as high as $94k before it finally crashes down the more to retest the $76k support.
So what am trying to say is that for now, Bitcoin will not go  back to $100k now because their is not enough momentum to push and break through the $94k resistance level on the higher timeframe.

Who decided that?
There are certainly no specifics on how bitcoin will ultimately perform, whether it will rise up to $100k or go as low as your $76k benchmark is everybody's guess and it's very possible that will make or break people's expectations, while you seem to be seriously claiming that bitcoin will have to make a drop before it shoots up again and while that point of view might be the right one there is still no way to actually say which will happen first, it's possible that bitcoin will hit $100k again before dropping down to your $76k and then bounce back up after that, let's speculate but let's not make it seem like we have first hand information on how bitcoin will perform.

[buwaytress]

Is it going to change what your plans are for the short/medium term? That's the more important question. If you're a pleb like me then none of this matters. 100k? 60k? One's a nice moment to keep spending, another a boost to my DCA. Too much noise right now, can't wait for the quiet to return.

[Stalker22]

~

So, you were looking at candles and charts, and your big takeaway is, It could go up or down?  Seriously?  Thats true for everything, everywhere.

As for the "funny analysts" comment, They are not fortune tellers.  They are giving their takes based on what they know or wish would happen.  Of course, they dont all see eye-to-eye!  They are playing different games.  Complaining that people disagree about where things are headed is missing the point of the market.

The market doesnt care about your "best sentiment".  If you really think it will hit $100k, then put your money where your mouth is.  If you are moaning that the charts are confusing and the experts are arguing, you are basically saying you have no plan and are waiting for someone else to tell you what to do.  This is not a good investment strategy.

[Asuspawer09]

I mean, everything for sure is possible if we are going to speculate a market price, let's remember that when the Bitcoin is just starting in the market there was no one expect that it is even going to reach even a one hundred dollars market price at all. Market is surely on bearish right now, I dont know how the monthly candles you're talking is going to reach that million dollars but for sure there is always a possibility in a few years that million dollars market price if going to be reach like no one expect that Bitcoin is going to reach one hundred thousand dollars at all. As the crypto and Bitcoin become popular the expectation is surely going to be even higher, even right now that it is already popular, the users of Bitcoin is still very low if we are going to compared it to banks users or compared it to physical cash.

[STT]

Wait for a reaction at 95k as that represents a downtrend, beating that price and closing above that on this weekly bar should help.  This isnt a normal week is your main problem and the rest of the weeks till the end of the year are in the dying light of winter not really normal either, too many people away who might trade otherwise to be totally sure.
  This imbalance is why often the start of a new year can be a blood bath or appear as much as people return from their slumber to upset others with a disagreement on price.
  

Positive aspects to believe in a break upto 100k is BTC price action is now beating a weekly average.  However any conclusion you might have, any sentiment sought has yet to be tested and only when sellers fail should you really become bullish in genuine expectations.  Unfortunately its often best to be a cynic and expect reversals and many attempts to negate the gains, these must fail to be confident and aim at 100k

[logfiles]

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Different analysts with different indicators and different time frames equals different forecasts or predictions. Sometimes there is a point when the market is just unpredictable. Where movement on any direction is possible and right now, it's probably one of those times
I tend to avoid trading in such uncertain times.

I don't know, but this weekend feels like the price might drop back to the $80,000s on the shorter time frames.

[BitMaxz]

No one would be able to predict the exact price action that will happen, but I can say in the daily time frame this could be a retracement, and the golden zone area is around $97k, and the price of $98700 is beyond the golden zone, but still it is in the deep retracement level between the golden zone and the deep retracement level.

I can say we are still in bearish unless the structure creates a new higher and breaks the previous lower high, which is around $107k in the daily time frame, which the current price is still far from. If the downtrend breaks, including the deep retracement, there's a chance the price could still take the $100k zone.
For now, it's beyond my prediction; I am just using the previous data that we currently see on the chart. Fundamentals can impact the price, so if there's news that has the potential to give BTC a huge impact, then my perspective might change, but there's no news yet that could help BTC to recover to the $100k level.

[Powerjumboo]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Analyzing the market on daily candles and monthly candles does not give good predictions. You may see $98,700 in the daily candle analysis, but today we see that up to $92,200 per day is possible, but if the market increases, it will show more than this. However, various positive messages about Bitcoin are currently pushing the price of Bitcoin, I think the market will remain in a bullish position, maybe there will be no more dumping. In fact, everyone is the same because market analysts never say the same thing, they say different things over time, this is the case for everyone.

[LogitechMouse]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

It went to as high as $91,000, but currently is consolidating.

Whenever I watch YouTube Videos, what I'm seeing right now is all of the positive news. Last week or a few weeks ago, whenever I watch, I mostly see negative videos or the bear market is happening already, blah blah blah. Now it's the complete opposite. I mean I don't know for some, but for me, this kind of videos is kind of a sign. If I see more negative videos, I'll just counter it then buy, and vice versa. Bearish sentiment might not yet be over. For me, I'm looking at $94,000 and $100,000 as the psychological resistance. I'm also predicting that we might see Bitcoin ranging from around $90,000 to around $100,000 during the month of December.

I agree with you that it's way harder to read the charts right now because anytime, some big news might happen that could cause the price of Bitcoin to go up or down. Bitcoin going back to $100,000? Yes, IF there are no negative news coming which for now there isn't any.

[fullfitlarry]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Analyzing the market on daily candles and monthly candles does not give good predictions. You may see $98,700 in the daily candle analysis, but today we see that up to $92,200 per day is possible, but if the market increases, it will show more than this. However, various positive messages about Bitcoin are currently pushing the price of Bitcoin, I think the market will remain in a bullish position, maybe there will be no more dumping. In fact, everyone is the same because market analysts never say the same thing, they say different things over time, this is the case for everyone.

Short term? Yes, I do think that daily and monthly candles can be a good gauge to see where could be the price going. So there is a big possibility to hit that $100k again. Currently it sits above $91k, so again, there could be a break out run maybe at the start of the first and second week of December.

Final leg though, so it's going to be a big test for investors as where they wanted to go next month.

Hopefully the break out should be positive to us and see if we can break $100k or even higher in December.

[michellee]

Any high price is possible and it will happen at some point. If the price is still below $100k, we will wait and keep accumulating. No matter when it happens, the price will be more than $100k.

The analysts will say differently based on the current situation and they can easily correct their previous comments. I do not think much about them because they can change over time and what happens to the market.

It is better if you follow your analysis so you will not feel tricked if they say something wrong. But be careful because we are in the weekend and the price now seems to be getting another correction. Prepare yourself for anything.

[FinneysTrueVision]

It would only take a 10% increase to go back up to $100k. It will reach this price eventually, it’s just a matter of when. If the economy starts showing signs of improving we might get there before year’s end. The way things are looking, it might be a slow grind to get back to previous levels. $100k is a realistic short term target, but expecting more than that is being too optimistic.

[X-ray]

We are at crucial level now and honestly BTC is pretty bullish. Has been retesting resistance without any meaningful pullback means people are buying and demand is huge.

BTC is honestly highly undervalued right now and it will recover in no time. $100k before the end of the year might be possible and I will call it a good little recovery to prepare us for another all time high.

I even think we might see $100k just within next few weeks.

[avp2306]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

That situation is possible but we don't know on when that $98700 will get achieve again by Bitcoin. We are now closing this month with great price run, maybe Bitcoin will continue to move upwards especially that sentiments shifts and it seems people sentiments are not in good shape.

You cannot expect that all prediction will point out for a pump. Since there are people also speculate that there would be more dump gonna happen and this pump is just a trap. So let's see what's coming up for month of December so hopefully we can see a bullish month since this will be great Christmas present to all Bitcoin traders or investors.

[Moreno233]

Bitcoin is about $9,000 away from $100,000 and falling below $84,000 which means it has gained more than $9,000 to get to where it is now. If it can rise that much within few days, then it can double that in the coming days although the market seems to have diminished in momentum and may consolidate a little before the rally will continue. Even though it is hard to set a time limit when certain price point can be achieved, we can still expect Bitcoin to reach $100,000 before Christmas.

[m2017]

"Is bitcoin going back to $100000?" - since this is a speculation section, I think that bitcoin will not reach the $100k level, because bitcoin has already shown some weakness + with the omens of a bearish trend, it will not be possible to jump over this line.

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So your candles “say” that $100k is unattainable.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

Because no one knows what will happen. All their (and our) talk is just speculation.

But I have a feeling that a return of bitcoin would be too "good" for this market after the last drawdown (keeping that in mind), and even if that price is reached, many investors will sell bitcoin, causing another collapse. In other words, the 100k level will be extremely volatile and unstable (even if it is reached).

New ATH levels are completely out of the question (in the run-up to the crypto winter).

[Graph001]

The monthly candle indicate otherwise but the daily candle is showing that $98700 is possible, or probably go higher than that. I think the candles are harder to read right now. It may look bullish but the bear sentiment may not yet be over.

So funny as usual, analysts will never say the same thing. As some analysts are saying there could be a reversal, some analysts are saying bitcoin may still fall. This is not something new to me at all though.

You are right that the reason why monthly and daily candles are opposite is because monthly candles show long-term trends and daily candles show short-term trends. In that case, Bitcoin may look strong on the monthly chart but weak in the short term. Since Bitcoin is volatile, its price can change quickly and unpredictably, the candles often seem confusing. Analysts cannot agree because no one knows the future. They use different tools and techniques. Some believe in macro trends, while others believe in short-term indicators, which is why some say the opposite may happen, while others say it may face a decline. This has always happened in crypto.

[KiaKia]

The small movement we have seen in the last few days is still suspicious to me because there is really no liquidity to back it up and that means we can still go down, this weekly close is very important.

Also, December is here already, maybe the QE and a rate cut on the 10th of December can do something good for the market but don't expect too much price action to the upside, the whole Bitcoin chart still spells that we are in a bear market.

I still think that 80k is likely again to form a double bottom but that doesn't mean anyone should sell all their Bitcoin, charts moves in unexpected ways at times.