Bitcoin's Future: Will It Hit $100K or $120K?

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#1Oct 6, 2023, 07:48 AM
Bitcoin's floating around $106,800 right now after a pretty wild correction. It's split on what happens next: either a drop to $100K or a push to $120K. Prediction markets are showing traders are playing it safe with puts, which means fear is high. But hey, there’s still some bullish vibes with institutional buying and on-chain metrics hinting at more upside. If you're in this for the long haul or just day trading, the coming weeks could be super key. DYOR, folks!
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Hyp3rLordMember
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#2Oct 6, 2023, 12:22 PM
Seriously, the market feels super shaky these days. You might nail your timing and then boom, some tweet from Trump sends everything into a tailspin. I keep thinking, shouldn’t 2026 kick off a bearish phase for Bitcoin based on the past? I wouldn’t be shocked to see it hit $100K, but with the dollar looking weak, who even knows? Analysts are gonna have a tough time with this one, it feels random.
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DarkAlphaFull Member
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#3Oct 6, 2023, 05:54 PM
Honestly, if this is the end of Bitcoin's bull run, I’m not surprised. Remember when it peaked near $109K and then fell into a bear trap? It crashed to $74K, bounced back, and set a new high. If history repeats, maybe we’ve just seen the peak at $125K this time.
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diamondhandsHero Member
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#4Oct 6, 2023, 07:37 PM
With the current price, I still can’t tell if Bitcoin is going up or down. It’s just so volatile. But honestly, there are always chances waiting. If it dips to $100K, new investors might jump in. But if it rockets past $120K, expect a lot of people to cash out for profits.
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ape_hashMember
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#5Oct 8, 2023, 01:02 AM
Can we even call those moves big? Bitcoin hit $100K almost a year ago and has been above $120K too. I’d prefer it back at $120K rather than dropping to $100K, but honestly, who knows what’ll happen next? I think the bear market might be over, so maybe we can expect some upward movement soon, or it could just flatline.
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#6Oct 8, 2023, 02:53 AM
This is a fun debate! We can’t predict when Bitcoin might make its next leap. But going from $100K to $200K could be massive, especially given market dynamics now. Some think FOMO will kick in and drive prices up. Advice to holders: don’t panic.
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#7Oct 8, 2023, 04:38 AM
Looking at historical trends, I think you might be mistaken saying Bitcoin's peaked. The charts show that around this time, especially in November, Bitcoin usually hits new highs. We’ve got a month left to see if history repeats itself.
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dan.wolfFull Member
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#8Oct 8, 2023, 06:19 AM
I joked with someone that even if Bitcoin drops to $80K due to all the noise from Trump and China, it doesn’t mean we’re in a bear market. Past patterns suggest not to jump to conclusions too quickly. Bitcoin usually triples its previous all-time high, so I’m staying chill.
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0xSatNewbie
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#9Oct 8, 2023, 09:42 AM
Why do people freak out over a 10% or 20% move? It’s wild how easily folks get rattled these days. I think social media plays a big role in that. This correction is just normal. No need to panic.
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bridge_2014Senior Member
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#10Oct 8, 2023, 04:03 PM
Long-term holders don’t need to stress about market swings. They’re playing the long game, not worrying about this cycle. And for those who missed their sell opportunities, it’s not too late to consider their options.
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it5_lynxMember
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#11Oct 8, 2023, 07:42 PM
Bitcoin’s been trading sideways for a bit, waiting for a breakout. It might drop below $105K and then bounce to $113K or even $120K. Long-term holders should stay calm. Short-term traders are the ones sweating this out. If it dips, it’s just more buying opportunities for us.
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DarkAlphaFull Member
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#12Oct 9, 2023, 01:17 AM
No guarantees Bitcoin will hit its peak in the same month again or even go bearish. But patterns show it often spikes up to 80% higher after hitting an all-time high. So far, the trend suggests we might be heading towards a bear market after reaching that peak.
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mr_satoshiFull Member
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#13Oct 11, 2023, 01:27 AM
It’s been a week of declines for Bitcoin, the lowest was $103K, and now it’s stuck around $106K. Will it drop below $100K or bounce back to $120K? FUD seems to be fading, which might mean whales are getting ready to buy the dip, and if they do, we could see a rise.
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#14Oct 11, 2023, 06:32 AM
I’m seeing the bright side here. Everything that goes down eventually comes back up, right? I’ve even started looking into stocks. Less manipulation there, plus there are opportunities for bonuses.
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#15Oct 11, 2023, 08:26 AM
Remember what happened last April when the Trump tariffs crashed Bitcoin from $109K to below $80K? Everyone thought the bear market was here, but Bitcoin came back stronger. A drop below $80K now doesn’t mean a bear market is guaranteed. Things are different now.
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wildaltNewbie
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#16Oct 11, 2023, 11:14 AM
Maybe Bitcoin dips below $100K before racing to $120K or a new all-time high? Honestly, after that drop, it seems harder for Bitcoin to hit new highs quickly. One tweet can wreck weeks of gains. So yeah, I think short-term we could see downward pressure.
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0xRocketMember
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#17Oct 11, 2023, 12:30 PM
People were ecstatic during the last cycle’s peak. I think $68K is likely the bottom for the next bear phase, especially with ETFs and other factors in play. Trust in Bitcoin keeps growing, and if it dips to $80K, folks will freak, but that doesn’t mean a bear is coming.
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#18Oct 11, 2023, 04:01 PM
I’m not looking for Bitcoin to soar just yet. Right now, everything looks bearish on the charts. Weekly and monthly trends don’t look great. If we see another bearish week, it could lead to long-term issues for Bitcoin.
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serHero Member
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#19Oct 11, 2023, 04:18 PM
Just a week ago, the market looked strong, and now it’s dropped hard. It’ll take time to recover. I can see it hitting $100K, but even at $107K, there’s still a good chance for long-term gains. Just remember to DYOR.
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noty0urkeysSenior Member
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#20Oct 11, 2023, 07:51 PM
Not everyone has the cash to buy Bitcoin every time it dips. Most of us are long-term investors, and nobody wants the price to drop. People usually feel bummed when prices fall instead of seeing it as a chance to buy. If you asked, I bet everyone would prefer Bitcoin to hit $120K over dropping below $100K.
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