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.

[Derekfunds]

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.

Well with the current price action i don't think we are going to see much dumping if at all the market will Dip because the market is preparing to take a bullish trend and pull back a bit and continue the trend to the up side. If market pump, it will be a good thing to folks who are investing and holding for long term but as for traders, if the market pump and they trade the opposite, this is not going to be good to them so it is not everyone to celebrate market pump so don't speak for everyone.

[STT]

Its a target thats only 14k away from current price but I would not guess BTC is quite that bullish to hit 100k just yet.   I believe price has to confirm some of the price action with volume support established.
  Maybe Im wrong and 82850 will be the lowest we see from here on till year end but often there is more upset then that for whatever reason appears in the news after charts have moved sharply.

Very basic reasoning for a reset lower would be reversion to mean.  We are further from the medium and long term averages and when that happens its often a fair bet we pay a visit.
  Take it however you like because it doesn't mean we stay there but often price pulls back to the averages, sometimes its too low and we rise back but in this case we far ahead of average hence possibly overvalued near-term.

[Franctoshi]

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

If I remember very well, when bitcoin was increasing few years ago when it first got to $80000, it was not long when it got to $90000 and then it increased above $100000 later when it first got to almost $100000. This would be what you remembered, bit that does not mean it will be like that this time or that it will happen as soon as possible. The technical analysis is suggesting bull market but long term prediction which is not really long sometimes can be hard to predict.

The target for this move is even way above $98k if you zoom out properly on the monthly time frame perspective, Bitcoin is headed to $101k, 109k-110k, Areas where it's likely going to face another major resistance before breaking above the previous ATH, to me, 98k is likely very easily achievable by October seeing the target ahead, after this month ends, October historically, Bitcoin used to experience a sweet run, though history does not guarantee future result.