Can Bitcoin Hit $93k Again?

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jake.altSenior Member
Posts: 28 · Reputation: 1039
#1Sep 27, 2020, 06:37 AM
Bitcoin's hovering around $105k now. Market feels pretty wild right? I noticed it dropped to $101k then bounced back to $104k. It's like we’re in uncharted territory with low volume. Analysts seem bullish but honestly, not enough buyers around to push it up.
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AtomicForkFull Member
Posts: 137 · Reputation: 479
#2Sep 27, 2020, 12:09 PM
Who even cares about that? If you're a short-term trader, maybe. For me, looking long term, Bitcoin's gonna be way higher by year-end.
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tom.pixelHero Member
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#3Sep 27, 2020, 01:30 PM
The way the market’s moving is nuts for sure. Just because we hit $95K and bounced back doesn’t mean it’s smooth sailing. I get why OP is uneasy; market sentiments can make anyone freak out when portfolios dip.
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shrimpNewbie
Posts: 110 · Reputation: 20
#4Sep 28, 2020, 09:54 AM
Yeah but let’s be real, if you've been here a while, you know retracements happen. If you’re in for the long haul, just chill. I haven’t even checked the price in two weeks.
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darkseedMember
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#5Sep 29, 2020, 12:43 AM
I think it’s not just lack of buyers keeping the price down, it’s also whales holding back. Once they decide to act, we could see a new high before any correction happens. But we might touch $93k during a bear phase.
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pr0to88Member
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#6Sep 30, 2020, 02:54 AM
Earning from trading? Just use that for DCA and hodl. Set up buy ladders too, like $95k, $92k, all the way down. Meanwhile, have a sell ladder ready at higher points. It’s all about strategy.
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0xHawkMember
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#7Sep 30, 2020, 05:03 AM
The tariffs dropped Bitcoin to $74k before, but it bounced back fast. Right now, there’s no bad news, just a needed correction. I doubt we’ll see $93k, and if we do, it’s no big deal. We survived $74k, we’ll be fine.
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matrix2015Full Member
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#8Sep 30, 2020, 09:39 AM
Good point, but let’s keep discussing. I believe we’ll see a bounce back soon.
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#9Sep 30, 2020, 11:28 AM
With how Bitcoin's climbing, I doubt we’ll see any drops this month. I think we’re on an upward trend till at least June.
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atlas100Senior Member
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#10Sep 30, 2020, 03:22 PM
I have buy orders set around $93k-$96k. I expect a pullback before we hit all-time highs. $93k seems realistic if it doesn't pump soon.
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#11Sep 30, 2020, 07:31 PM
Since you’ve got orders there, of course you're hoping it happens. But I think it’s unlikely. Based on current trends, chances are lower for $93k than for continued growth.
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0xAlphaNewbie
Posts: 35 · Reputation: 16
#12Sep 30, 2020, 09:35 PM
This is encouraging for first-time holders. I keep checking my portfolio, but I know to just hodl. I just want to hear from experienced folks that the price drop doesn’t matter.
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SwiftAltMember
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#13Oct 1, 2020, 12:08 AM
Historically, Bitcoin's crossed 100k and dipped below 90k before. Check the history; it'll help you understand the fluctuations.
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dave.apeMember
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#14Oct 1, 2020, 02:47 AM
How do you figure it’s chaotic? Just because it moves a little doesn’t mean we’re done trading. Buyers are still out there, just not at the heights we want.
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MadNovaHero Member
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#15Oct 1, 2020, 05:34 AM
I’ve seen nothing but new ATH this year. I’m not worried about short-term drops.
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#16Oct 1, 2020, 11:20 AM
It says ‘maybe’ but doesn’t mean it’s definite. Anything’s possible in crypto. We could see $93k, but there’s also potential to break $106k and go higher.
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BasedHashNewbie
Posts: 29 · Reputation: 8
#17Oct 1, 2020, 11:52 AM
We’re in a volatile phase with institutions like BlackRock controlling a lot. Just because you think there’s low volume doesn’t mean it’s true, especially with whales in play.
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it5_lynxMember
Posts: 52 · Reputation: 190
#18Oct 1, 2020, 03:14 PM
Sure, it could drop to $93k, but it’ll rise again. Some are overly optimistic saying it might hit $200k. If you’re buying now, you could score big later.
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m00n51Hero Member
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#19Oct 1, 2020, 04:30 PM
A drop to $93k is possible after hitting above $110k. $75k seems unlikely unless something bad happens.
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4pe_tokenMember
Posts: 16 · Reputation: 54
#20Oct 1, 2020, 10:13 PM
Everyone's got an opinion, but if you're holding long-term, a dip to $90k shouldn't faze you. ATHs don’t happen overnight.
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