Bitcoin's just crossed the $97K mark, climbing steadily from the $94K range. What's wild is the volume backing this move. It feels like legit buying pressure instead of some wild spike. This usually means stronger hands are entering the game.
Bitcoin Surges Past $97K What's Next?
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Yeah but that move to $97K felt quick but didn't last long. Everyone was hyped for $100K, and then bam, market dipped. Maybe that drop shows we’re not ready for $100K yet? Still, a few good days could clear the resistance and we might challenge the all-time high.
I hear you, but even after the pullback to $98K, I think we’ll see $100K soon. Bears don’t seem strong enough to keep pushing prices down. That said, I wouldn’t get overly optimistic, since we might see a bear market this year too.
Crossing $100K seems tough. It’s like a psychological barrier now. I think if we get past it, the market will get a lot of attention. But let’s not get too excited, I’m leaning towards hitting that number around 2026.
What’s your angle here? Are we gearing up for another moonshot? Last time we hit $126K, right? Institutional buying looks solid. And remember, $90K has been a key resistance since last quarter.
nonce_cipherFull Member
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#6Jun 22, 2024, 05:33 PM
Honestly, I’m not feeling the hype just yet. I think Bitcoin's gonna hover around $90K for a bit longer. I’m waiting for either a drop to $80K or a rise past $120K before I make any big moves.
I see traders sticking to their strategies even with Bitcoin at $95K. This level is key can it break through? Institutional investments are definitely pushing it, but I’m skeptical about how much is genuine accumulation versus quick flips.
real_ninjaSenior Member
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#8Jun 22, 2024, 08:29 PM
I’ve been watching, but I’m not convinced we’re gonna blast off anytime soon. I’d rather wait till BTC hits around $80K or crosses $120K. Plus, I bought some when BTC was at $40K, so I'm good for now.
satoshi2016Member
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#9Jun 22, 2024, 10:41 PM
Here’s a strategy: set aside cash for two different scenarios. One for daily buys over 200 days, and another to hold back in case of a crash below $75K. If it dips, I’d buy more.
I feel like the market is in a transition phase. Bitcoin’s bouncing between $89K and $97K. It’s not fully stable yet, but I think we’re due for gradual changes.
satoshi_apeNewbie
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#11Jun 23, 2024, 12:51 AM
I totally didn’t see this rise coming. I was bracing for a bear market, honestly. But I still think bears will dominate this year. If I’m wrong, I’d love that, but I’m gonna keep my strategy tight.
The price action has definitely shifted to a longer-term game. It’s not as wild as it used to be. If institutions keep treating Bitcoin seriously, fluctuations might even settle down like with stocks.
chris_maxiNewbie
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#13Jun 23, 2024, 10:35 AM
Enough with the hype. Bitcoin just dropped to $93K. This market isn’t maturing as fast as we’d hope, and the volatility is still here. For all we know, it could drop below $90K next.
AtomicRavenNewbie
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#14Jun 24, 2024, 11:52 PM
Maybe we should expect a rise until we break that $100K by month-end. But we need solid support for that to happen. I’m feeling bullish though $110K could be in sight.
Bitcoin dropped under $95K and is now at $92K. Just because it could bounce back to $100K doesn’t mean we’re in a bullish trend. We need more than just a few psychological levels to turn the tide.
jake.minerNewbie
Posts: 67 · Reputation: 18
#16Jun 25, 2024, 07:43 PM
I’m only focused on Bitcoin and a couple of altcoins. The market can swing wildly, but I’m just here for the investment. If I can grab more Bitcoin at a lower price, I’m all in.
During this consolidation phase, it’s smart to study the market. Make no rash moves wait for a solid entry point. Some folks are all about DCA, while I just invest when I have extra cash.
It looks like the price that pushed us to $97K-$98K wasn’t strong enough to break through $100K. Now we’re back in a confusing phase. Analysts are scratching their heads trying to figure out what’s next.
I’m feeling positive about Bitcoin hitting $100K this year. Another ATH seems possible before we face a prolonged bear market again. The macro situation has changed so much; it’s hard to predict when the bears will really take hold.
I think it's safe to say bitcoin price can rise up to $100k above this year and we can still be favoured with another ATH before we suddenly get to experience the very bears in it's longest form as it has always being in other years of the market cycle. Yes, a lot of things have changed on the macro aspect in relation with bitcoin market and all the dynamics has no doubt made the bear market questionable when it's actually gonna be or if it's eventually going to happen this 2026.