Is bitcoin going back to $100000?

[Oshosondy]

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.

It is the opposite, bitcoin look stronger on the daily candles but looks weak on the monthly candle like in long term, there is more possibility of bitcoin going lower than $80000, but this might be very wrong as bitcoin might go in any direction, but according to what I am thinking, it is very possible that bitcoin may go strong for a short period of time as it is now, but later continue the bearish movement.

[pooya87]

The answer is obviously yes but the problem is that nobody can say when

Usually the market crashes are fast and recoveries are slow. Because fear (that caused the crash) doesn't go away easily and it continues slowing down the rise.

We've seen many times that unfortunately bitcoin still reacts negatively to negative global news such as conflicts whereas it should act as that safe haven and react positively (meaning it should go up not down). But it still drops.
This recent drop was the negative reaction bitcoin showed to the US regime's acts of aggression toward South America in general (to be specific it reacted to US regime announcing they want to invade Venezuela to steal its oil).

The recovery obviously happens because at the end of the day bitcoin is the safe haven that people chose.
So unless something new happens, we should see $100k+ in matter of weeks.

[Zaguru12]

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.

Short term analysis like this either monthly or even yearly are not for long term investors like you but rather for traders who either are scalpers or even swing traders, the analysis is important for any investor who actually is looking towards buying at some certain dips which yes we all know is risky as such investor can simply Employ the DCA strategy to actually minimize risk.

But general analysis like this are for traders who are looking for when to enter the market and exit early

We've seen many times that unfortunately bitcoin still reacts negatively to negative global news such as conflicts whereas it should act as that safe haven and react positively (meaning it should go up not down). But it still drops.
This recent drop was the negative reaction bitcoin showed to the US regime's acts of aggression toward South America in general (to be specific it reacted to US regime announcing they want to invade Venezuela to steal its oil).

I keep saying this that unfortunately bitcoin is actually leaning more on fundamentals from economic crisis now that technical analysis without strong fundamentals is no longer enough to rely on to actually trade with, one needs a fundamentals to be stagnant for the market to actually obeys the technical analysis but with the consistent disrupt or involvement of trump into other countries affairs wouldn’t allow that to happen

[MainIbem]

The answer is obviously yes but the problem is that nobody can say when

People forget that volatility is part of the growth of Bitcoin and it would definitely drop, undergo correction and retrace again. Overtime,  we've watched Bitcoin drop and pump again so the fact that it dumped previously shouldn't cause anyone to reason whether it would pump again. Infact it has even dumped more than it did about a week ago and still pumped to go above the 100k mark, so it would definitely go back to that mark again, the signs are there cause it recently pumped from the 80k mark to 92k currently although it's true that no one knows the exact day or time it would get to the 100k mark since the price movement of Bitcoin is controlled by demand and supply.

[davis196]

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.

The price would probably stay in the 90K-100K USD price range waiting for the Federal Open Market Committee to lower the interest rates in the USA. The FOMC meeting will be held 9-10 December, if I remember correctly. I won't be surprised if the price goes back to 100K during the first week of December. However, this price pump won't last for long and I can assume that the price would go back below 90K USD during the winter. Perhaps a potential peace deal for Ukraine might pump the crypto markets as well, but the possibility of achieving such peace treaty by the end of the year seems really low.

[Leahized]

People forget that volatility is part of the growth of Bitcoin and it would definitely drop, undergo correction and retrace again. Overtime,  we've watched Bitcoin drop and pump again so the fact that it dumped previously shouldn't cause anyone to reason whether it would pump again. Infact it has even dumped more than it did about a week ago and still pumped to go above the 100k mark, so it would definitely go back to that mark again, the signs are there cause it recently pumped from the 80k mark to 92k currently although it's true that no one knows the exact day or time it would get to the 100k mark since the price movement of Bitcoin is controlled by demand and supply.

As far as I'm concerned Bitcoin has temporarily strengthened. But it is possible to maintain it economically if no bad things are revealed. The past few days continued in the same pattern. But moved away from there for two days and reached a better situation. As per the current prices, it is understood that there is a slight rise from the bottom and it is staying there for two or three days. I think this is a strong sign, which could lead to a big push later. Yes it's true no one can ever tell, when Bitcoin will go in which direction. So we always have to look at the past charts and observe accordingly.

[Y3shot]

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 is so difficult to tell where the price of Bitcoin is heading to but I wont be surprise if the price gets to $100k because the movement of the price have been increasing lately. Since the market is so difficult to predict this time,  i think people shouldn't have much expectation for increase because their are possibilities that bitcoin may still fall even if their have been increase in the price of Bitcoin lately.  This is a tine to think if long-term while investing in Bitcoin because so many analysts have their prediction.

[free-bit.co.in]

The price would probably stay in the 90K-100K USD price range waiting for the Federal Open Market Committee to lower the interest rates in the USA. The FOMC meeting will be held 9-10 December, if I remember correctly. I won't be surprised if the price goes back to 100K during the first week of December. However, this price pump won't last for long and I can assume that the price would go back below 90K USD during the winter. Perhaps a potential peace deal for Ukraine might pump the crypto markets as well, but the possibility of achieving such peace treaty by the end of the year seems really low.

Expectations that the Fed will cut interest rates again in December have risen to 85% following economic data released in recent days. So it's no surprise that market sentiment is positive in the short term, but I also think that the news of a rate cut won't be enough to sustain the rally. Like previous rate cuts, bitcoin will rise before the news and fall back after the rate news is officially announced.

Regarding the peace agreement between Russia and Ukraine. According to the news I read, there may soon be an agreement to end the war in Russia's favor. But I don't think it will have any significant impact on the market because bitcoin has long been indifferent to the impact of this war.

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

[Bitcoin_people]

I think the price of Bitcoin will touch $100k again very soon because the market is currently in good shape and it seems like this from the candles. The market is currently in $92k and it is trying to move upwards, of course we hope that the price of Bitcoin will go to a good position in the coming month. Most analysts have predicted that it will move upwards again, and if the market can touch $100k then it will be positive. Since we are approaching a new year, the situation of Bitcoin may also change and we can see a change in the price. In that case, if the Bitcoin market moves in a positive direction, it will definitely not move towards a decline but rather it will enter a higher direction.

[pooya87]

I keep saying this that unfortunately bitcoin is actually leaning more on fundamentals from economic crisis now that technical analysis without strong fundamentals is no longer enough to rely on to actually trade with, one needs a fundamentals to be stagnant for the market to actually obeys the technical analysis but with the consistent disrupt or involvement of trump into other countries affairs wouldn’t allow that to happen

Yeah, and unfortunately we are going to have to endure a couple of years of disruption until the World Order that was established  a couple of years ago is solidified and "power blocs" become clear and fixed...

[Odusko]

We have always expected Bitcoin to mentain the 100kBTC price region for the remaining part of the year as which level we can base our next year speculation on, most of the time Bitcoin always reband quickly whenever the price falls drastically, so for that we need to put in efforts to remain at a stable position for the remaining part of this year, between I won't be price to see Bitcoin at 100k in the next 24 hours.

[Johnlomape]

The answer is obviously yes but the problem is that nobody can say when

People forget that volatility is part of the growth of Bitcoin and it would definitely drop, undergo correction and retrace again. Overtime,  we've watched Bitcoin drop and pump again so the fact that it dumped previously shouldn't cause anyone to reason whether it would pump again. Infact it has even dumped more than it did about a week ago and still pumped to go above the 100k mark, so it would definitely go back to that mark again, the signs are there cause it recently pumped from the 80k mark to 92k currently although it's true that no one knows the exact day or time it would get to the 100k mark since the price movement of Bitcoin is controlled by demand and supply.

Volatility continues the market and this is a good reason why we have been seeing the price of Bitcoin hitting the dip and trying to stand again. This can not be stopped and it is a good time for people that are putting their money into Bitcoin or other coins to know that the cryptocurrency market is not always rosy and smooth.

We don't know yet if the price of Bitcoin is going to reach 100k before the end of the year yet. Bitcoin has been able to reach 92k again and I don't know if this will continue or the price will have to fall again. We should take anything that happens in the market whether to the dip or bull because we don't have the power yet to decide what direction Bitcoin is going to go.

[ancafe]

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.

This is a natural thing because some people try to analyze Bitcoin's journey based on their capabilities, but there are almost no accurate predictions because Bitcoin is quite speculative. If you look at the weekly chart, market sentiment may not be over yet because we see that it is very difficult for bitcoin to penetrate the $100K mark and perhaps the reversal moment has not yet occurred because bitcoin has not been able to test the support level, resulting in an uncertain direction in terms of the price conditions that appear as it is now.

People give income based on their abilities because they only look at the performance of bitcoin itself in the market and almost nothing is much more specific regarding bitcoin price predictions because I believe it is difficult to make accurate predictions in conditions like this.

[Kaliandra]

The price of BTC is indeed difficult to predict because there are many rumors that BTC has the potential to continue to decline. However, looking at the current price of BTC, even though it is currently falling, the price of BTC can still be considered high, so it is natural for some to say that BTC will continue to decline. Some people also argue that since BTC has reached a new all-time high, there will definitely be a sharp decline and it will continue to fall. However, there are also those who believe that BTC will recover and rise again because, if we look at the number of people buying BTC right now, it can be said that there are many, which is why the price of BTC has risen to around $92k.
However, I predict that BTC could rise to $100k or more as long as its price does not fall below $92k. But if BTC drops below $90k, it will undoubtedly struggle to rise significantly.

[ASloveapg]

We have always expected Bitcoin to mentain the 100kBTC price region for the remaining part of the year as which level we can base our next year speculation on, most of the time Bitcoin always reband quickly whenever the price falls drastically, so for that we need to put in efforts to remain at a stable position for the remaining part of this year, between I won't be price to see Bitcoin at 100k in the next 24 hours.

This is how Bitcoin moves, the nature of Bitcoin is such that even after a big fall, it can quickly return to a strong position, I think that is how it will work at the moment, now it is at $92K, it will start running at any time. There is a big pumping coming in the market now, we can see something good in the next month, not sure, but looking at the situation, it looks like something good will happen.

[Gost ms]

I find it very annoying to worry about the price of Bitcoin. However, analyzing the price of Bitcoin is a very accurate task. Whenever someone goes to do a little research on the price of Bitcoin, they have to do research in accordance with many things. For example, considering the economy, market demand, world politics, etc., maybe they can get an idea of ​​what the price of Bitcoin will be like.

I have been on this forum for a very short time and from the knowledge I have gained about Bitcoin, it seems that we will all see a very rapid upward market in the Bitcoin market. The reason for saying this is. Whenever such a situation is created in the market, it creates a new ATH in the market. In the past, whenever we have seen a new ATH, there has been a decline in the market before. This time too, it may not be any exception.

[_BlackStar]

-snip-

It is the opposite, bitcoin look stronger on the daily candles but looks weak on the monthly candle like in long term, there is more possibility of bitcoin going lower than $80000, but this might be very wrong as bitcoin might go in any direction, but according to what I am thinking, it is very possible that bitcoin may go strong for a short period of time as it is now, but later continue the bearish movement.

Yes - all possibilities exist, but I agree that a change in trend is likely imminent. Some may have already said that the market has entered a bearish season - but in the short term the market is showing strength. Nobody knows for sure what - but $100K is a resistance that is still possible to hit. For now the price is around $91K - but then we will see what happens at the end

[Ojima-ojo]

I keep saying this that unfortunately bitcoin is actually leaning more on fundamentals from economic crisis now that technical analysis without strong fundamentals is no longer enough to rely on to actually trade with, one needs a fundamentals to be stagnant for the market to actually obeys the technical analysis but with the consistent disrupt or involvement of trump into other countries affairs wouldn’t allow that to happen

Yeah, and unfortunately we are going to have to endure a couple of years of disruption until the World Order that was established  a couple of years ago is solidified and "power blocs" become clear and fixed...

Bitcoin reliance on global economic activities and happenings, will definitely continue for a while and we should be prepared for that actually since it going to take ages for the wold economic unbalanced bloc to get fixed.

And only when the global economic and trade discrimination and war end and equality get set in that the bloc is fixed, we can then have at least a less reacting Bitcoin to global trade crisis that force the market to dip most times.

[Asiska02]

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.

The market in a mix state now that no one can confidently say which state we are in the market now. Some feels the bear run is already started and the market will continue to fall even below where it has fallen to now, while some still thinks it is all consolidation and we will see it break above $100K soon. Achieving $100K is now looking almost impossible in my opinion, it could get close but may not break above it again.

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.

Analysts at some point usually gets divided opinions in their analysis, this happens when the market does not have a straight direction again. When you think it’ll continue uptrend, it’ll just change its trend and begin to go downtrend again, this is just the reality and the market does not give them the opportunity to be able to predict the direction of the market well again.

[DPHOR]

There is every likelihood we could see Bitcoin at that price range because it has actually stayed low for few weeks or month if am not mistakenly. I know that when it gets back to the 100k zone you will see people who will be regretting for their nasty behavior because they didn't seize the opportunity that came to them at their door steps to invest or even at least try to implement and use the DCA approach to buy Bitcoin,  by now they could have ended up having lots of it at on their stash up portfolio.