Bitcoin is heading to $98k

[Obim34]

After this movement which looks like consolidation, bitcoin is moving to $98k and will not waist much time there until $100k.
You can disprove this with your chart and data. I have no much knowledge about chart but I can recognise pattern from experience, is that also a skill?

Wish I could read charts pretty well, while I'm trying to understand the chart, I still think it doesn't provide a clear point on what will happen. Charts are still bound by speculation, which can be false. This brings up my doubt, if Bitcoin will truly head to $98K after this consolidation phase, I was hoping for more of a dip from the $70K price, and not a bull run towards $100K.

[Taskford]

After this movement which looks like consolidation, bitcoin is moving to $98k and will not waist much time there until $100k.
You can disprove this with your chart and data. I have no much knowledge about chart but I can recognise pattern from experience, is that also a skill?

Wish I could read charts pretty well, while I'm trying to understand the chart, I still think it doesn't provide a clear point on what will happen. Charts are still bound by speculation, which can be false. This brings up my doubt, if Bitcoin will truly head to $98K after this consolidation phase, I was hoping for more of a dip from the $70K price, and not a bull run towards $100K.

This is actually what people likes to happen, but if it will not come this month or this year. Still its fine because for sure there's still a chance that Bitcoin will hit that zone in future again.

Well yeah nothing is guarantee even if the chart points out for a possible pump, but still good that we have good basis about the possible situation might going to happen.

But I will not going to bother speculating for prices and rather, I'd choose to focus on accumulating and let see in future if holders will be lucky again to earn another good profits.

[Zoomic]

Any chart reader, is my claim supported by the chart?

I don't know, it's just a chart, like, there's no technical analysis figures or elements on it, no indicators etc.

I have some of my TA which indicates that we entered the upside phase and possibly a prolonged one but I can't tell a single price target for the EOY. Definitely higher than now but impossible to predict because a move towards can be very violent (when it comes).

I have to agree with your submission. A chart can show a particular pattern but using it to justify a specific target like $98k without indicators or other technical details will be will be very difficult.

Considering the movement of the market in the last few days, we're not sure if the trend still looks bullish or not.

Reaching $98k before the the end of the year is isn't certain now but it's still possible because Bitcoin can make some pretty violent moves in either direction.

[dwyane36]

I have to agree with your submission. A chart can show a particular pattern but using it to justify a specific target like $98k without indicators or other technical details will be will be very difficult.

Considering the movement of the market in the last few days, we're not sure if the trend still looks bullish or not.

Reaching $98k before the the end of the year is isn't certain now but it's still possible because Bitcoin can make some pretty violent moves in either direction.

If the bulls manage to break through the resistance level around $80-82k, then we'll see $98k much sooner than the end of the year, since volatility will most likely be high in that scenario. However, right now this is just speculation. In reality, there is indeed some uncertainty in the market, as BTC has been trading within a narrow range around $80k for quite some time.

[2Pizza410000BTC]

Hey, I just dropped the chart so that technical people will be happy seeing the chart. I have nothing to say about the chat because I'm not an expert of charts. But I am sure that I recognise this pattern of bitcoin movement. From $77k to $81k and moving as fast, as if we are in the bull run. If my memory didn't fail me, this type of movement already happened and I recognise it.

After this movement which looks like consolidation, bitcoin is moving to $98k and will not waist much time there until $100k.
You can disprove this with your chart and data. I have no much knowledge about chart but I can recognise pattern from experience, is that also a skill?

Any chart reader, is my claim supported by the chart?

The way Bitcoin price has started to decline,it doesn't seem like Bitcoin will reach $98,000. Today we saw Bitcoin reach $76,000, but if it goes down from here, then perhaps Bitcoin price has the possibility of going below $70,000 again. But I guess and believe that maybe it won't reach $98,000 by September, the Bitcoin market may reach between $90-98,000 in October

[Zlantann]

The way Bitcoin price has started to decline,it doesn't seem like Bitcoin will reach $98,000. Today we saw Bitcoin reach $76,000, but if it goes down from here, then perhaps Bitcoin price has the possibility of going below $70,000 again. But I guess and believe that maybe it won't reach $98,000 by September, the Bitcoin market may reach between $90-98,000 in October

Traders are still optimistic that events could turn the tide and push Bitcoin higher. The US Senate has set September 15 to hold a cloture vote on the CLARITY Act. The passing of the Bill might not bring a massive change to the market, but it could have some effect. Traders are also hopeful that the Fed could keep interest rates steady or reduce it in their next meeting on September 16th. The possibility of reducing interest rates is, however, slim since there is still inflation fear and the US employment sector added about 162,000 jobs in August.

[PERtua]

I believe that learning from past price action, that's helpful, but the hard thing to do is when the current setup is similar. Bitcoin can be a near replica of the structure and end up with the completely reverse result! Because I don't want you to think of setting a price target of $98k, I want you to think of the price target of $98k as a possibility. Others $82k area appears more meaningful as a confirmation area; below it, it looks like price is firmly in the bears camp and above it, it looks like price is strongly bullish. If not, then the other rejection may spoil the pattern you are experiencing.

[GreatArkansas]

I believe that learning from past price action, that's helpful, but the hard thing to do is when the current setup is similar. Bitcoin can be a near replica of the structure and end up with the completely reverse result! Because I don't want you to think of setting a price target of $98k, I want you to think of the price target of $98k as a possibility. Others $82k area appears more meaningful as a confirmation area; below it, it looks like price is firmly in the bears camp and above it, it looks like price is strongly bullish. If not, then the other rejection may spoil the pattern you are experiencing.

To be honest, I'm already satisfied with the current price of Bitcoin, sitting above $70,000 and it's already September, and trying to climb to $80,000. So, anytime between $70,000 and $100,000 until end of the year is already bullish sign for me, a healthy climb up, no some huge candle wicks is better for healthy and orgaize price movement of Bitcoin.

[laijsica]

Hey, I just dropped the chart so that technical people will be happy seeing the chart. I have nothing to say about the chat because I'm not an expert of charts. But I am sure that I recognise this pattern of bitcoin movement. From $77k to $81k and moving as fast, as if we are in the bull run. If my memory didn't fail me, this type of movement already happened and I recognise it.

After this movement which looks like consolidation, bitcoin is moving to $98k and will not waist much time there until $100k.
You can disprove this with your chart and data. I have no much knowledge about chart but I can recognise pattern from experience, is that also a skill?

Any chart reader, is my claim supported by the chart?

Looking at the previous chart, you can guess a lot, but most opinions will not be reflected perfectly. No matter how skilled you are in market analysis, the market will continue to move at its own pace. The demand for Bitcoin is affected by individual and institutional decisions. Among the bull runs that have occurred in the past, the period of price increase in October 2025 was very important. Even after the halving in 2024, the price of Bitcoin did not fall much, but 17 months later, Bitcoin reached ATH and the highest price increase in Bitcoin's history. Although Trump's victory in the US election is considered to be one of the factors, the price is mainly determined by the increase in demand and the increase in demand comes from investors.

[Don Pedro Dinero]

Any chart reader, is my claim supported by the chart?

Yes, it is supported but analyzing price trends with charts is not an exact science. Without looking at the charts, it's clear that if we keep going up, the next resistance level will be at around $100,000.

To be honest, I'm already satisfied with the current price of Bitcoin, sitting above $70,000 and it's already September, and trying to climb to $80,000. So, anytime between $70,000 and $100,000 until end of the year is already bullish sign for me, a healthy climb up, no some huge candle wicks is better for healthy and orgaize price movement of Bitcoin.

Bullish? I wouldn't consider the price to be bullish until it breaks past $100,000. Keep in mind that this year's high was $95,000. It will only be truly bullish when it beats the previous all-time high, which most likely won't happen until after the next halving.

[asriloni]

You have some knowledges about how to read the chart and it's still considered as a skill. Not many people knows what pattern, consolidation and etc.

Lol, thanks for that brief compliment... I have no skill about reading charts, what I did was from experience. Someone who has been around here for atleast half a decade should have a basic knowledge of anything bitcoin and crypto.

Everone always has different start. So it's good to see you at least starting to have intention to learn it. Yet, it'd so good if you don't mind to seach ebook about supply and demand chart analysis. It will help you to understand chart better because i use this for the daily trading.

Thanks for reminding me... I forgot to mention that chart readers and technical analysts are facing the worse time of their career. They'll spend hours reading charts just for Trump to spoil every strategy with political and gamy speeches.

Maybe it's more beneficial these days to sort for news than to read the charts.

Just like the speculation of FOMC regarding the interest rate can drive the market goes up and down instantly. This is why combining TA and FA is a must. Even a tweet by trump can change the trend o market in matter of minutes.

[davis196]

Even if we witness a short term price pump, I'm sure that something will happen over the next year or two, that would crash the prices.
It's gonna be either the AI bubble finally bursting or some kind of geopolitical turmoil. I have no desire to "read the charts" at this point.
The markets are totally unpredictable and any "black swan event"(or however they call it in the western world) can cause a market crash in no time.

[alastantiger]

The way Bitcoin price has started to decline,it doesn't seem like Bitcoin will reach $98,000. Today we saw Bitcoin reach $76,000, but if it goes down from here, then perhaps Bitcoin price has the possibility of going below $70,000 again. But I guess and believe that maybe it won't reach $98,000 by September, the Bitcoin market may reach between $90-98,000 in October

The possibility of Bitcoin going down to $70,000 is more than $98,000 and that is the reality that the market is showing us now and considering the state of the market, I do think we are going to see Bitcoin fall than continue to pump. The market has been met with resistance since it attempted to continue its rise but that has not been successful and it seems Bitcoin is stuck between the $76,000 to $78,000 and it has just been trading up and down this price that if it is usable to hold then we can see the price of Bitcoin falling lower. The market is not also that strong for the price to move up as there seems to be a lot of fear still in the market.

[lovesmayfamilis]

Looking at the previous chart, you can guess a lot, but most opinions will not be reflected perfectly. No matter how skilled you are in market analysis, the market will continue to move at its own pace. The demand for Bitcoin is affected by individual and institutional decisions......

That's right, I just thought about it, and I saw your post. I, by a sinful deed😛, I even missed everything, that movement when he was about to reach 98000. But time shows that no matter what anyone says, there will always be someone who says "I guessed right," but it won't always work. Graphs, reading graphs, are quite interesting for those who understand them; however, are there those who guess regularly? Those who keep it, you just have to wait for the price that is important to them, don't you? I rarely read all the forecasts, as time proves anyway that for bitcoin, for growth and fall, no global events are necessary; it is unique even in its movement.

[KiaKia]

Even if we witness a short term price pump, I'm sure that something will happen over the next year or two, that would crash the prices.
It's gonna be either the AI bubble finally bursting or some kind of geopolitical turmoil. I have no desire to "read the charts" at this point.
The markets are totally unpredictable and any "black swan event"(or however they call it in the western world) can cause a market crash in no time.

So you believe that AI bubble will burst? That's something that's beyond bursting right now because everything uses AI, it's become a part of every humans daily use, the noise is what I expected to calm in the future but not AI going away, it's never going to happen.

I don't know what your own burst looks like but talking from the past bubble burts it's means AI will vanish into thing air, that's impossible from now on, we are now in the era of fast computing, there is no turning back.

Bitcoin is made to last longer, AI is made to be part of everyday human life, these are the future.

[Iranus]

Even if we witness a short term price pump, I'm sure that something will happen over the next year or two, that would crash the prices.
It's gonna be either the AI bubble finally bursting or some kind of geopolitical turmoil. I have no desire to "read the charts" at this point.
The markets are totally unpredictable and any "black swan event"(or however they call it in the western world) can cause a market crash in no time.

So you believe that AI bubble will burst? That's something that's beyond bursting right now because everything uses AI, it's become a part of every humans daily use, the noise is what I expected to calm in the future but not AI going away, it's never going to happen.

I don't know what your own burst looks like but talking from the past bubble burts it's means AI will vanish into thing air, that's impossible from now on, we are now in the era of fast computing, there is no turning back.

Bitcoin is made to last longer, AI is made to be part of everyday human life, these are the future.

I can agree that AI is somewhat overvalued, but comparing it to the dotcom bubble and assuming the same thing is gonna happen with AI is a bit too simplistic.

AI is much more practical at this point and is already being used in all kind of area in everyday life. So a major correction could definitely happen, but I also don't agree that AI is gonna crash the same way the dotcom bubble did.

However, don't confuse an AI bubble bursting with itself disappearing. It would just mean those companies get valued at more realistic levels.

[DPHOR]

I do not see that happening sooner or this month, as far as I know Bitcoin can only cross 100k around the month of December to January as usual, of course as we know because Bitcoin could break out the 100k zone it would nearly take around 90-120 days before breakout. Reason being that when the market pushes a bit you would see traders taking quick profits as quickly as possible which could actually hold the price down around specific zone for a long time before the could gained back momentum to move above the particular price zone. And yes, there are people who are good in terms of technical analysis but then, the market doesn't always go as they do analysis it because it's mostly being influenced by news.

[Futurexxx]

I do not see that happening sooner or this month, as far as I know Bitcoin can only cross 100k around the month of December to January as usual, of course as we know because Bitcoin could break out the 100k zone it would nearly take around 90-120 days before breakout. Reason being that when the market pushes a bit you would see traders taking quick profits as quickly as possible which could actually hold the price down around specific zone for a long time before the could gained back momentum to move above the particular price zone. And yes, there are people who are good in terms of technical analysis but then, the market doesn't always go as they do analysis it because it's mostly being influenced by news.

First of all, I want you to understand that in the market anything is possible, because the price of Bitcoin may be $76k today and rises up to $100k in the next 24 hours or it may falls back down to $50k or lower, which we can all agree that with the high volatility in the market anything is possible, so it's not wise to rule anything out entirely, even though it may be not likely, because the market is way too unpredictable.

When the market pushes upward and traders takes profits, that doesn't stop the upward movement of Bitcoin if it's truly going up, because even though their may be delay, it will definitely go to the direction the market is going, so with the price chart presented by the op, I can tell that a bullish momentum has already build up, and we should not be too surprised if Bitcoin rises to that amount stated by the op.

[Nathrixxx]

I'm also feeling the indications that Bitcoin is heading towards $90,000, but I'm not sure if we are actually going to see it go up to $98,000

What is probably going to happen from the end of the month to the beginning of October, just as I've always assumed, is that the month of October is always referred to as uptober, when the market will rise and perform better, as expected to be bullish. But before then, we also need to speculate on the market and see how it has always been supported at $78,000 without going bearish, and this is an indication that there is likely a pump ahead that will overcome the resistance at $82,000.

[Swordsoffreedom]

I'm also feeling the indications that Bitcoin is heading towards $90,000, but I'm not sure if we are actually going to see it go up to $98,000

What is probably going to happen from the end of the month to the beginning of October, just as I've always assumed, is that the month of October is always referred to as uptober, when the market will rise and perform better, as expected to be bullish. But before then, we also need to speculate on the market and see how it has always been supported at $78,000 without going bearish, and this is an indication that there is likely a pump ahead that will overcome the resistance at $82,000.

Honestly, it's all just our expectations at this point. The feeling that Bitcoin is heading for higher levels is also mostly influenced by that sudden pump we just had. Nothing more.

Uptober? Yep. But this is a bear year, and historically, the bottom is often confirmed in the last few months of the year. So don't let our emotions take over too much and make us forget to have a backup plan.

The trend for the rest of the month will probably be decided over the next two day, with the ClarityAct being voted on today and the rate news coming tomorrow. Let's see what happens.