Bitcoin on Track for $120K This January?

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shard_2013Full Member
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#1May 31, 2018, 11:22 AM
I saw some predictions about Bitcoin dipping below $80K, but it hasn’t gone below $91.5K since that drop from $100K. Now I’m reading about the possibility of hitting $120K in January, which honestly seems more likely.
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#2May 31, 2018, 02:20 PM
Totally with you. When Trump won before, Bitcoin shot up from $70K to $90K. Why not $120K now when he's back as president? Plus, if he fires Gensler, that's a big boost for BTC.
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mark.viperFull Member
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#3May 31, 2018, 03:28 PM
Yeah, a lot of eyes are on that $120K mark for sure. I was talking to someone who missed the ATH, and they're waiting for January 20th to cash in on expected profits. Trump's been showing support for crypto, which can only help.
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AtomicForkFull Member
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#4Jun 1, 2018, 03:52 PM
We can’t be certain about anything, but there’s a lot of doubt about Trump creating a reserve. If he signs an executive order to start buying Bitcoin early on, that could push the price higher.
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#5Jun 1, 2018, 04:23 PM
True! When USDT floods exchanges, it means more money is coming in to buy assets. With Bitcoin being the main attraction, lots of that stablecoin will likely go into BTC. So, yeah, I think we might see Bitcoin smash past expectations next year.
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maxorbitMember
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#6Jun 1, 2018, 07:19 PM
I’ve believed for a while that the Trump inauguration will be a huge moment for Bitcoin. A $120K prediction is realistic, especially considering the hype around potential institutional investments and upcoming ETFs.
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roguedefiFull Member
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#7Jun 1, 2018, 11:08 PM
The anticipation around Trump’s inauguration could really propel BTC. Just imagine the buzz if he mentions Bitcoin in his inaugural speech. January's gonna be bullish from the second week. This correction won’t last long.
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0xSatNewbie
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#8Jun 2, 2018, 02:37 AM
On another note, did you guys see that Tether moved over 8,400 Bitcoins to their reserve? That’s huge. Less Bitcoin available means potential price increases, right?
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pixel404Newbie
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#9Jun 4, 2018, 02:11 AM
Yup, I’m counting on a price surge post-inauguration too. Confidence is there, and Trump might deliver on some of those promises he made during the campaign.
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chain21Full Member
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#10Jun 4, 2018, 04:54 AM
I actually agree. Trump isn’t just supporting Bitcoin; he’s actively promoting it. His decisions will definitely impact the market, and the inauguration could be another catalyst for a price jump.
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min3r_ninj4Full Member
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#11Jun 4, 2018, 09:54 AM
I’m pretty confident Bitcoin will hit $120K. There’s so much interest from investors and institutional players. Plus, the idea of using Bitcoin as a reserve currency could really skyrocket its value.
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maxoracleMember
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#12Jun 6, 2018, 06:07 AM
Inauguration will have some effect for sure, but I worry about people "selling the news." Even if Bitcoin dips to $80K, it doesn't mean we’re bearish. Could just be a setup for another ATH.
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sam07Member
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#13Jun 6, 2018, 07:04 AM
Exactly! The markets are unpredictable. Often when everyone's bullish, it can go the other way. Expecting a correction before we aim for a new ATH.
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laser_nodeSenior Member
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#14Jun 6, 2018, 07:57 AM
For sure, I think it could hit $120K and then maybe correct below $80K. Those levels are critical for BTC, so it'll be interesting to see where it goes.
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alex2019Newbie
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#15Jun 6, 2018, 08:13 AM
I really want to believe in this growth, particularly with Trump in the picture. Analysts and forecasts are all over the place, but unless something wildly unexpected happens, I think we’re on the right track.
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the_satNewbie
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#16Jun 8, 2018, 12:25 PM
There’s a lot of speculation, but the changes are happening. I don’t see a huge difference with the inauguration, though. $80K to $110K seems more likely, and maybe $120K in March.
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0xByteMember
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#17Jun 8, 2018, 06:38 PM
Honestly, I think the hype about Trump is overrated. Bitcoin is decentralized and not controlled by any gov. I just don’t see it hitting $120K this month before a correction takes place.
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alexapeHero Member
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#18Jun 8, 2018, 09:07 PM
Good point. I’m skeptical about all this fanfare around the inauguration too. I think we could see a max of $115K in January.
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lord69Member
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#19Jun 9, 2018, 02:50 AM
I feel that Bitcoin might hit that $120K to $150K range before the end of Q1. With ETFs coming and Trump’s presidency, we could see a massive increase in adoption.
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0xHawkMember
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#20Jun 9, 2018, 07:54 AM
I hope you’re right! It’s exciting times for Bitcoin, especially with all the political changes and interest globally. Let’s see how this plays out.
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