Bitcoin is heading to $98k

[Olatundespo]

90k was my recent guess for an upside target and we're about there.   The place to watch now for point of strength is a higher low above 83k.  If BTC price action can do that fairly strongly and surely then it'll there after reach higher targets  seems quite fair.
  Its also possible for a larger amount of profit taking to occur at this point as BTC has moved quite alot in a short period of time.

My guess was that Bitcoin would hit a high of $95k. I think the market will reverse course even though most investors are expecting more. After that, the price could fall again. But with the potential for a price increase, there is a possibility of touching the ATH this year. There are many arguments for reaching higher levels, but during a long period of almost 1 year of price decline, there will be selling pressure from thirsty traders. As a result, I fear another decline after $95k.

[fredericktaylor]

Very possible that the market rises towards $98,000 and we may go even lesser to this rate depending on the way we see the market, but since we are still in the bearish season, all this me just be a short time experience over the market because after every rise comes another full to maintain the season until we are completely out of the bear for the bull.

The price of Bitcoin is volatile, so it is not possible to be sure about the growth of Bitcoin. However, at the speed at which the price of Bitcoin is increasing and if this process remains stable, there is no doubt that we will touch $98,000k to $100,000k in a very short time. Always be prepared for both bad and good situations so that we do not get disappointed if the price of Bitcoin goes down and we can maintain our confidence in Bitcoin. The growth of Bitcoin's price is completely due to the continuous buying activity of investors over a long period of time, so the buying mentality of investors is very important here.

[Hazink]

90k was my recent guess for an upside target and we're about there.   The place to watch now for point of strength is a higher low above 83k.  If BTC price action can do that fairly strongly and surely then it'll there after reach higher targets  seems quite fair.
  Its also possible for a larger amount of profit taking to occur at this point as BTC has moved quite alot in a short period of time.

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

[dwyane36]

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

Yes, we're very close to $90k. However, I don't think that once BTC reaches this level, it will linger there for long, as it did around $80k. Personally, I expect $90k to be a level that BTC can break through, after which it could surge toward $100k, where it will likely face strong resistance.

[Taskford]

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

Yes, we're very close to $90k. However, I don't think that once BTC reaches this level, it will linger there for long, as it did around $80k. Personally, I expect $90k to be a level that BTC can break through, after which it could surge toward $100k, where it will likely face strong resistance.

Chances is high that it won't stay that long in that price, since once Bitcoin could reach at $90k. It can possibly ignite huge interest for lots of people to buy more Bitcoin and maybe that triggers for possible more pumps, until it hits at $100k again.

Many people expect that situation to happen. Then its really good situation, because that sentiments is good indicator that maybe we could experience long bullish market days.

So I guess what we can do for now is to spectate and see if Bitcoin would really cross break those barrier until it hits new highs.

[cxtreenal]

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

Yes, we're very close to $90k. However, I don't think that once BTC reaches this level, it will linger there for long, as it did around $80k. Personally, I expect $90k to be a level that BTC can break through, after which it could surge toward $100k, where it will likely face strong resistance.

Chances is high that it won't stay that long in that price, since once Bitcoin could reach at $90k. It can possibly ignite huge interest for lots of people to buy more Bitcoin and maybe that triggers for possible more pumps, until it hits at $100k again.

Many people expect that situation to happen. Then its really good situation, because that sentiments is good indicator that maybe we could experience long bullish market days.

So I guess what we can do for now is to spectate and see if Bitcoin would really cross break those barrier until it hits new highs.

It is important to keep DCA active while monitoring the market. You should focus on making your Bitcoin portfolio as healthy as possible without getting too stressed about where the price will go. The level the price is currently going through will likely see another new high next week. There will be a plan to leave among traders but I see the opposite sentiment among long term investors.

With the strong possibility of reaching another new high next month, it will be a strong decision for investors to continue buying. We saw the ATH touched in October last year, so don't be surprised if it sees another new high this year.

[GeorgeJohn]

<..>

Yes, we're very close to $90k. However, I don't think that once BTC reaches this level, it will linger there for long, as it did around $80k. Personally, I expect $90k to be a level that BTC can break through, after which it could surge toward $100k, where it will likely face strong resistance.

Bitcoin price is unpredictable, the price increases and decreases unexpectedly, i know that almost everyone were expecting the price of Bitcoin to hits 90k, but just of sudden instead of it to increase it rather decreases at today's market price...the price has dropped from 87k to 85k..And

[9ja Amaka]

90k was my recent guess for an upside target and we're about there.   The place to watch now for point of strength is a higher low above 83k.  If BTC price action can do that fairly strongly and surely then it'll there after reach higher targets  seems quite fair.
  Its also possible for a larger amount of profit taking to occur at this point as BTC has moved quite alot in a short period of time.

My guess was that Bitcoin would hit a high of $95k. I think the market will reverse course even though most investors are expecting more. After that, the price could fall again. But with the potential for a price increase, there is a possibility of touching the ATH this year. There are many arguments for reaching higher levels, but during a long period of almost 1 year of price decline, there will be selling pressure from thirsty traders. As a result, I fear another decline after $95k.

We are very close to what you guessed. Apparently, that is the closest guess from this week's prediction. The argument persists as Bitcoin has taken a pause, but as of yesterday, we had a gain in price. One thing is certain about Bitcoin's price movement. With all belief, we will reach $100k before the year-end. No reasonable person would argue that, based on the current price at $85k. The thing I don't know is if we will reach the previous ATH. Personally, this year, I don't think we will touch the previous ATH.

[Leahized]

The price of Bitcoin is volatile, so it is not possible to be sure about the growth of Bitcoin. However, at the speed at which the price of Bitcoin is increasing and if this process remains stable, there is no doubt that we will touch $98,000k to $100,000k in a very short time. Always be prepared for both bad and good situations so that we do not get disappointed if the price of Bitcoin goes down and we can maintain our confidence in Bitcoin. The growth of Bitcoin's price is completely due to the continuous buying activity of investors over a long period of time, so the buying mentality of investors is very important here.

According to today price, bitcoin is positioned at the level of 86 thousand. But at the current time, there hasn't been any excitement or thrilling news that has allowed it to was reach from 76k to 87 thousand. However, there were several reasons for the downward or war like flow, but bitcoin has completely ignored this. And these aspects are consequential for bitcoin, as very bad effects are not being influenced. But I have some disagreement because reaching 100k requires a lot more liquidity. At the same time, I do not see any positive aspects.

However, I am sure that some stability at this time will bullish affect the long term. But the result of stability will reveal the emergence of sellers. For this reason, there may be some downward movement in the market. Anyway, since it is not possible to guarantee anything very accurately about the future, the market situation can change at any time.

[MarryWithBTC]

The price of Bitcoin is volatile, so it is not possible to be sure about the growth of Bitcoin. However, at the speed at which the price of Bitcoin is increasing and if this process remains stable, there is no doubt that we will touch $98,000k to $100,000k in a very short time. Always be prepared for both bad and good situations so that we do not get disappointed if the price of Bitcoin goes down and we can maintain our confidence in Bitcoin. The growth of Bitcoin's price is completely due to the continuous buying activity of investors over a long period of time, so the buying mentality of investors is very important here.

According to today price, bitcoin is positioned at the level of 86 thousand. But at the current time, there hasn't been any excitement or thrilling news that has allowed it to was reach from 76k to 87 thousand. However, there were several reasons for the downward or war like flow, but bitcoin has completely ignored this. And these aspects are consequential for bitcoin, as very bad effects are not being influenced. But I have some disagreement because reaching 100k requires a lot more liquidity. At the same time, I do not see any positive aspects.

However, I am sure that some stability at this time will bullish affect the long term. But the result of stability will reveal the emergence of sellers. For this reason, there may be some downward movement in the market. Anyway, since it is not possible to guarantee anything very accurately about the future, the market situation can change at any time.

@fredericktaylor, talking about preparing for the bad. I don't think there's any bad to prepare for. We have actually tested $58k from $126k, I think that's bad enough we have seen. The worse will be correction to $60k level which I still not bad in the current market condition.

Meanwhile as @Leahized noted, this bitcoin positive drive happened amidst bad news, which means bitcoin has successfully ignored them all. So, we should be expecting the good going forward and not the worse.

[Bitcoin_people]

90k was my recent guess for an upside target and we're about there.   The place to watch now for point of strength is a higher low above 83k.  If BTC price action can do that fairly strongly and surely then it'll there after reach higher targets  seems quite fair.
  Its also possible for a larger amount of profit taking to occur at this point as BTC has moved quite alot in a short period of time.

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

No one expected the Bitcoin market to change its price so quickly today, today the Bitcoin market had a green candle. Although currently we can see that the market has moved towards a slight downturn again, the price of Bitcoin is currently between $87k and $84k. Although we expected that seeing such a great change in the market, it might touch $90k, but the market has slowly seen red candles again. There are many who planned to sell at $90k after seeing such a performance of the market, but now the market has come down a bit on its own. However, we expect the market to rise again and may touch $90k by the end of this September. However, we can expect that since the Bitcoin market has already moved towards a slight downturn, it will not remain for too long, but rather the market will move towards highs again.

[#CapsLOck]

I would rather ask what would be able to verify the road to $98k. It may still be a breakout right out of the gate, as long as it's not above $82k. I would be looking for price to be able to hold on to that price after the breakout as well as volume and higher time frame structure. If the 82k level turns out to be a support area then the 98k level would have a more technical environment. If there were no confirmation, it would still be primarily a prediction made by pattern recognition.

[Samlucky O]

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?

I have no doubt about your analysis because looking at Bitcoin growth this period shows that we might be seeing a significant figure any moment from now, though I am not sure of the particular price but we are heading to a positive price. Looking at the chart you will observed that Bitcoin will surge any moment. I even speculated that we may see 90k by the end of this month of September then before December being the Q4 we may be seeing $100k and above But however all are just a mear speculation but we hope to see it Surge.

[Swordsoffreedom]

@fredericktaylor, talking about preparing for the bad. I don't think there's any bad to prepare for. We have actually tested $58k from $126k, I think that's bad enough we have seen. The worse will be correction to $60k level which I still not bad in the current market condition.

I think he is right. We should stay bullish but gotta be ready for the other side too. Nothing guarantees market is gonna go the way we expect.

Market really does not care what you think or how you feel. Its gonna do its own thing. So we'd better be ready for both side if we do not wanna get disappointed.

Smart investor is someone who's ready for all kind of outcome, not just sitting there hoping for the one they want.

[Bushdark]

90k was my recent guess for an upside target and we're about there.   The place to watch now for point of strength is a higher low above 83k.  If BTC price action can do that fairly strongly and surely then it'll there after reach higher targets  seems quite fair.
  Its also possible for a larger amount of profit taking to occur at this point as BTC has moved quite alot in a short period of time.

I wasn't expecting bitcoin to reach the $90k level anytime soon, but the recent movement in the past 2hrs has shaken my low expectations. Since it has reached $87k already, there is nothing stopping it from going $3k higher, but what will slow down the movement will be the profit taking which you talked about as there are few investors which have set their short price since the beginning for the recent move to be around $90k

We don't know what will be the market reaction. We all want the price of Bitcoin to go up so that we can take advantage of the market and buy more but it looks like the price of Bitcoin is not ready to take a quick movement again after the previous sharp movement.
Price will always go where it want to go depending on the automated market money pool. A good political news or regional news can get this done for us to see the price of Bitcoin on the next level. Once the price of Bitcoin exceed the $90k zone, we should be expecting price to reach $100k which is going to be a break through if it happens this same year.

[vs2014]

Based on the chart, your $98k idea was fair for that rime because bitcoin was around $78 then. If Bitcoin could break that next $82k barrier with strong movement then the next movement was pointing it to $90k and afterwards the previous high of $98 but a downside risk was included there if support levels failed price may drop. Op your skill is useful enough but currently the btc price is around $84k. You may recognize the pattern but similar patten doesn't always bring the same output as before cause market condition, volume and news creates the market different.

[dwyane36]

We don't know what will be the market reaction. We all want the price of Bitcoin to go up so that we can take advantage of the market and buy more but it looks like the price of Bitcoin is not ready to take a quick movement again after the previous sharp movement.
Price will always go where it want to go depending on the automated market money pool. A good political news or regional news can get this done for us to see the price of Bitcoin on the next level. Once the price of Bitcoin exceed the $90k zone, we should be expecting price to reach $100k which is going to be a break through if it happens this same year.

Well, if there aren't any unpleasant surprises on the market in the coming months, I think the chance that we'll see $90-100k this year is pretty high. After all, there's been a lot of optimism in the market lately, and if there's another surge of activity on the BTC chart in the coming weeks, it could trigger FOMO among traders and, as a result, fuel the bull run even further.

[Jaweria parveen]

Based on the chart, your $98k idea was fair for that rime because bitcoin was around $78 then. If Bitcoin could break that next $82k barrier with strong movement then the next movement was pointing it to $90k and afterwards the previous high of $98 but a downside risk was included there if support levels failed price may drop. Op your skill is useful enough but currently the btc price is around $84k. You may recognize the pattern but similar patten doesn't always bring the same output as before cause market condition, volume and news creates the market different.

This is what happened at this time, if you look at the performance of the first week, Bitcoin has come down from $ 82,000 and the price has not fallen much, but still the market trend has reduced the price to some extent, but now the price of Bitcoin has again come to $ 84,000, but it is not all that easy, Bitcoin is like a game that each level will continue to rise. Many obstacles can be created for its development and it can come at any time, so according to us, the market will follow it, but we do not know how much the market will go down or up at the end of this week. Although there is a strong zone near the price you are talking about, which must be met, then the market will easily go beyond $ 100k. Now after a long time, the price has started to look at $ 84,000.

[coinrifft]

This is what happened at this time, if you look at the performance of the first week, Bitcoin has come down from $ 82,000 and the price has not fallen much, but still the market trend has reduced the price to some extent, but now the price of Bitcoin has again come to $ 84,000, but it is not all that easy, Bitcoin is like a game that each level will continue to rise. Many obstacles can be created for its development and it can come at any time, so according to us, the market will follow it, but we do not know how much the market will go down or up at the end of this week. Although there is a strong zone near the price you are talking about, which must be met, then the market will easily go beyond $ 100k. Now after a long time, the price has started to look at $ 84,000.

It's really unpredictable, there are a lot of factors that worked behind to push or pull the price. We just have a minor, a small pull back to $84k from $86k. But it's not that big so it's possible that we can go back to that price at the end of this month.

Or as much as we don't like to see it, maybe there is a pullback again. Nevertheless, if we have noticed it, market is so resilient right now, those kind of negative news like the hacked on Bitget doesn't have any big effect on the market right now.

[Decimetre]

This is what happened at this time, if you look at the performance of the first week, Bitcoin has come down from $ 82,000 and the price has not fallen much, but still the market trend has reduced the price to some extent, but now the price of Bitcoin has again come to $ 84,000, but it is not all that easy, Bitcoin is like a game that each level will continue to rise. Many obstacles can be created for its development and it can come at any time, so according to us, the market will follow it, but we do not know how much the market will go down or up at the end of this week. Although there is a strong zone near the price you are talking about, which must be met, then the market will easily go beyond $ 100k. Now after a long time, the price has started to look at $ 84,000.

It's really unpredictable, there are a lot of factors that worked behind to push or pull the price. We just have a minor, a small pull back to $84k from $86k. But it's not that big so it's possible that we can go back to that price at the end of this month.

Or as much as we don't like to see it, maybe there is a pullback again. Nevertheless, if we have noticed it, market is so resilient right now, those kind of negative news like the hacked on Bitget doesn't have any big effect on the market right now.

It's not late for bitcoin to get there, yeah it seems I'm more confident this time as it's dipping after touching the $87k area and reverting. I am not seeing this drop as unfair because just within this space, we witnessed the price touch the $77k and reverted to the $75k from where it pumped to the $87k. Bitcoin is still heading up and it's possible to touch the $98k, if not this month perhaps by first half of next month or second half. It's possible to go beyond that before the year ends, the signs are getting obvious here.

Yeah, such news would have very little or no effect on bitcoin because it only calls for a security upgrade and has nothing to do with the bitcoin demand or adoption which is some of the major drivers of bitcoin price action.