Bitcoin is heading to $98k

[Pandorak]

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.

Currently, selling pressure remains very strong, it won’t be easy to reach $98k. Even at just $87k, the price has already corrected back on lower time frames. Personally, i’ll first observe the market’s reaction after Bitcoin closes its weekly candle, whether the closing price will be at $82k or lower, which would mean it’s at the level of the previous resistance. If so, the likelihood of a reversal increases, and based on price action and POI, i expect there to be a significant decline.. However, if Bitcoin ultimately manages to close above that level, say at $84k or higher, the positive bullish trend will continue, and $98k will certainly be reached in the near future, at least before the end of the year.

[Woodie]

Looks like the yearly timeframe, and from how I trade, this looks bearish if you ask me, and next price action to happen is printing the lower high then lower low.. so not sure if we can look bullishness in the longterm... shortterm we can see some bull runs but price is technically bearish.

[dwyane36]

Looks like the yearly timeframe, and from how I trade, this looks bearish if you ask me, and next price action to happen is printing the lower high then lower low.. so not sure if we can look bullishness in the longterm... shortterm we can see some bull runs but price is technically bearish.

An annual timeframe is a very long period during which bullish and bearish trends can either alternate repeatedly or persist for a long time. Personally, I'm inclined to believe that the bearish trend that has lasted since last October has come to an end, and last month's sharp rally confirms this.
And if we analyze BTC from a long-term perspective spanning several years, the overall trend still appears bullish rather than bearish.

[Don Pedro Dinero]

n annual timeframe is a very long period during which bullish and bearish trends can either alternate repeatedly or persist for a long time. Personally, I'm inclined to believe that the bearish trend that has lasted since last October has come to an end, and last month's sharp rally confirms this.
And if we analyze BTC from a long-term perspective spanning several years, the overall trend still appears bullish rather than bearish.

I’d been quite pessimistic throughout the year, but I’ve changed my mind in light of how the price has performed. The only thing was that, when I saw it reaching nearly $87,000, I thought we were heading straight for the $95,000 mark, where there’s bound to be significant resistance, in that area close to $100,000. But as the price stands, it doesn’t look as though it’s going to fall and break through even lower lows for the year, as I had previously thought.

[Awaklara]

However, if Bitcoin ultimately manages to close above that level, say at $84k or higher, the positive bullish trend will continue, and $98k will certainly be reached in the near future, at least before the end of the year.

The latest Bitcoin price has, as we can see, reached $85k at one point but has since corrected to $84k. There is still a chance of price drop but may not be much.

Although the movement will likely be slow, the trend we might witness is a gradual increase in price, rather than a pump that lasts long-term. Prices of $98k or $100k may be only a matter of time. We just need to be patient.

[2Pizza410000BTC]

However, if Bitcoin ultimately manages to close above that level, say at $84k or higher, the positive bullish trend will continue, and $98k will certainly be reached in the near future, at least before the end of the year.

The latest Bitcoin price has, as we can see, reached $85k at one point but has since corrected to $84k. There is still a chance of price drop but may not be much.

Although the movement will likely be slow, the trend we might witness is a gradual increase in price, rather than a pump that lasts long-term. Prices of $98k or $100k may be only a matter of time. We just need to be patient.

We must be patient because without patience we will never reach the peak of success. Those who cannot be patient when investing in Bitcoin never succeed. Those who have invested in Bitcoin from 1,26000 dollars have been patient and those who could not be patient have faced losses but the price of Bitcoin will definitely exceed the all-time high one day and touch a new all-time high. Bitcoin is currently between 83,000 dollars to 84,000 dollars but I believe and think that Bitcoin will touch 90,000 dollars to 95,000 dollars by the month of October.

[cxtreenal]

However, if Bitcoin ultimately manages to close above that level, say at $84k or higher, the positive bullish trend will continue, and $98k will certainly be reached in the near future, at least before the end of the year.

The latest Bitcoin price has, as we can see, reached $85k at one point but has since corrected to $84k. There is still a chance of price drop but may not be much.

Although the movement will likely be slow, the trend we might witness is a gradual increase in price, rather than a pump that lasts long-term. Prices of $98k or $100k may be only a matter of time. We just need to be patient.

We must be patient because without patience we will never reach the peak of success. Those who cannot be patient when investing in Bitcoin never succeed. Those who have invested in Bitcoin from 1,26000 dollars have been patient and those who could not be patient have faced losses but the price of Bitcoin will definitely exceed the all-time high one day and touch a new all-time high. Bitcoin is currently between 83,000 dollars to 84,000 dollars but I believe and think that Bitcoin will touch 90,000 dollars to 95,000 dollars by the month of October.

It is almost certain that Bitcoin will hit $100k in October. Investors are speculating a lot but those who are patient will be successful. Many of the investors may not want to reach the ATH right now because they are accumulating Bitcoin regularly and they would rather see a more stable price or a further decline. I personally expect this because I need to build up more holdings and the longer this price decline lasts the better for me. Those who are expecting a higher price right now will be mentally prepared to sell. I want the price to stay below $100k until the next halving although many are predicting that we may see another ATH this year.

[HajiBagi]

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

$98,000 could be reached before $100,000, but even experts in reading charts cannot pinpoint exactly when that will happen. The only unanswered question is a matter of time, because they believe the real obstacle is the notion that it’s impossible.
I don’t want to say whether these claims are right or wrong, nor do I want to dwell on where the chart is headed, but I do want to point out that Bitcoin’s price has consistently trended upward since the year shown on this chart.

Every investor's goal is to see bitcoin reach 100k, but no one knows when that will happen. You can read the chart as long as you want, but you can't know when it will happen, because no one can predict the move of bitcoin, but the way the price is going at this point when the year is about to end, I believe that the price will reach 100k, although that does not guarantee anyone to think that bitcoin will reach 100k, so that those who are planning to sell at that moment will sell their bitcoin.

The price is still at 83k, sometimes it moves to 87k, and that shows that there is something big coming in the market, but no one can tell when it will happen, and we still have to remember that the price can also drop, and when the price drop we don’t need to panic, because no matter how it is people will start panic when the price drops to 70k.

[Ayers]

It is almost certain that Bitcoin will hit $100k in October.

Almost certain? You serious rn? Based on what exactly you're calling it a lock that Bitcoin hits $100k? Just cause October's called Uptober or something?

Investors are speculating a lot but those who are patient will be successful. Many of the investors may not want to reach the ATH right now because they are accumulating Bitcoin regularly and they would rather see a more stable price or a further decline. I personally expect this because I need to build up more holdings and the longer this price decline lasts the better for me. Those who are expecting a higher price right now will be mentally prepared to sell.

Idk if there's still anyone out there actually wanting bitcoin to stay low or dump further just to stack more. From what I see, most people just want it to go up. I'd still be pretty happy to see BTC make a new low, tho, even though I don't think that's gonna happen.

I want the price to stay below $100k until the next halving although many are predicting that we may see another ATH this year.

Market doesn't care what we think or expect. It moves however it wants. Just because the crowd is predicting and expecting something doesn't mean it's actually gonna happen.

[2Pizza410000BTC]

However, if Bitcoin ultimately manages to close above that level, say at $84k or higher, the positive bullish trend will continue, and $98k will certainly be reached in the near future, at least before the end of the year.

The latest Bitcoin price has, as we can see, reached $85k at one point but has since corrected to $84k. There is still a chance of price drop but may not be much.

Although the movement will likely be slow, the trend we might witness is a gradual increase in price, rather than a pump that lasts long-term. Prices of $98k or $100k may be only a matter of time. We just need to be patient.

We must be patient because without patience we will never reach the peak of success. Those who cannot be patient when investing in Bitcoin never succeed. Those who have invested in Bitcoin from 1,26000 dollars have been patient and those who could not be patient have faced losses but the price of Bitcoin will definitely exceed the all-time high one day and touch a new all-time high. Bitcoin is currently between 83,000 dollars to 84,000 dollars but I believe and think that Bitcoin will touch 90,000 dollars to 95,000 dollars by the month of October.

It is almost certain that Bitcoin will hit $100k in October. Investors are speculating a lot but those who are patient will be successful. Many of the investors may not want to reach the ATH right now because they are accumulating Bitcoin regularly and they would rather see a more stable price or a further decline. I personally expect this because I need to build up more holdings and the longer this price decline lasts the better for me. Those who are expecting a higher price right now will be mentally prepared to sell. I want the price to stay below $100k until the next halving although many are predicting that we may see another ATH this year.

You might expect more dumping in the market to buy at a lower price, but if the market goes up, it's good for everyone. Just think, if the market goes up, it's good for me, for you, and for everyone, because I can buy at a higher price and I can sell at a higher price. And when the market goes up, the number of investors also goes up, and if the market is bullish, then everyone's mentality is also very good.