Are we going to see bitcoin below 100 soon?

[bounst]

Never give up, Dear Ms.Bitcoin

[thriftshopping]

Are we going to see bitcoin below 100 soon?

I believe not. Even because the price is already rising. I do not know if reached $ 200, but $ 198 I witnessed

Well it appears that 200 is our next support level, similar to how 300 was our previous support level. I would say if we do break the 200 level for a sustained period of time then we will probably go to sub 100, however if 200 holds long enough then we are probably seeing the bottom of this bear market

[JamesBrown]

Are we going to see bitcoin below 100 soon?

I believe not. Even because the price is already rising. I do not know if reached $ 200, but $ 198 I witnessed

Well it appears that 200 is our next support level, similar to how 300 was our previous support level. I would say if we do break the 200 level for a sustained period of time then we will probably go to sub 100, however if 200 holds long enough then we are probably seeing the bottom of this bear market

how long?

[HarmonLi]

I really hope not bt its looking more and more likely especially with half of the community suggesting they have left bitcoin and counted their losses.

I think we'll only see prices below $100 again, if we really manage to mess up this trend-reversal. If we can't get it going after two or three double-/triple-bottoms for example. At that point we need to revisit lower levels, for sure.

[pungopete468]

I believe we will see prices below $100 because that's what will be required to shake out many of the large mining entities.

Bitcoin can't survive so centralized, and the massive ROI opportunity created from the transition of GPU to ASIC mining resulted in vastly centralized mining, the price will collapse unto until the disproportionate actors are removed from the picture, even if that means a price of $10 per coin.

When mining is balanced and slightly profitable for the majority again, the price will rebound and the enthusiasm will return. Of course, new coins taking the spotlight is a strong possibility...