Bitcoin's been on a wild ride lately, dropping to around $90,900. It broke through that trendline and support at $95,900, signaling a shift from uptrend to downtrend. Now it's sitting at daily resistance that's flipped to support until we see a rebound. If it can break that $95,900 to $96,700 range, we might see it push to $99,000.
Bitcoin Price Trends and Predictions
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pix3l_h4shNewbie
Posts: 147 · Reputation: 22
#2Mar 6, 2020, 12:16 PM
Totally agree with this analysis. But those figures could be off. Remember how Bitcoin corrects? Just like it built up to $99k+, downward movements are part of the game. So yeah, I'm not shocked about the dip, corrections are always lurking.
Looking at Bitcoin's price action, it's clear there's a pattern. Resistance and market sentiment are telling us something. There's a specific range where Bitcoin either breaks out or gets rejected. We need to keep an eye on that $90,000 to $99,000 range to gauge if it's going bearish or bullish.
This convo feels more speculative than trading-focused. Right now, I see Bitcoin just above $96,000 and honestly, I doubt it'll hit $99,000 soon. I also don't see it dropping below $90,000. If it falls, maybe it’ll settle below that, around $88,000 or $85,000.
Yeah, this correction was expected after such a strong bullish run. It's just the market cycle doing its thing. These pullbacks could be golden opportunities for long-term holders. We're sitting at around $96,500 now and that bullish vibe is still strong. $99,000 won't hold for long, I'm betting on $100k soon.
HyperBlockMember
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#6Mar 7, 2020, 01:11 AM
Only a few days left in the month without hitting $100k yet. I'm thinking December is when we might see it. I predict we’ll get rejected at $99,580 before finally breaking through.
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Right now, I feel this is just a correction from the recent bull run we saw with the US election hype. I expect the bullish trend to continue, even if it dips to $90,000. Better to ride the trend; I think we'll break $100,000 after the inauguration.
I see $100k as possible by December, but with the way prices have been fluctuating, the last two days of November might be key. A positive market shift could help us break that $99k resistance.
HyperBlockMember
Posts: 186 · Reputation: 80
#10Mar 7, 2020, 10:43 AM
We do have two days left, so anything can happen, but yesterday Bitcoin hit resistance at $97k and hasn’t surpassed it yet. Tomorrow may still keep it under $99k.
There's definitely some hefty resistance around $100k. We're close, but it feels like a psychological barrier right now. Sentiment is bullish, sure, but a little correction won’t hurt. Smart investors usually come in during these dips.
coldstorageNewbie
Posts: 137 · Reputation: 38
#12Mar 7, 2020, 09:11 PM
It may take a few tries to finally hit $100k. Hard to say when that'll happen, though. The past few hours haven't shown much movement.
Honestly, the market feels pretty stagnant. $96,513 was the opening price in December, and right now, we're just bouncing between $94,700 and $99,500. I’m not seeing a clear direction for now.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#14Mar 8, 2020, 06:15 AM
UPDATE: BTC had a sideways week after failing to break resistance at $99,000. But now it’s broken out, hitting new highs thanks to some positive news. If this rally continues, we could see BTC reach around $112,000 soon.