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.
Can Bitcoin Hit $93k Again?
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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.
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.
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.
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.
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.
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.
matrix2015Full Member
Posts: 19 · Reputation: 652
#8Sep 30, 2020, 09:39 AM
Good point, but let’s keep discussing. I believe we’ll see a bounce back soon.
CryptoGangMember
Posts: 4 · Reputation: 137
#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.
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.
jake.minerNewbie
Posts: 20 · Reputation: 18
#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.
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.
Historically, Bitcoin's crossed 100k and dipped below 90k before. Check the history; it'll help you understand the fluctuations.
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.
I’ve seen nothing but new ATH this year. I’m not worried about short-term drops.
nonce_2018Member
Posts: 58 · Reputation: 110
#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.
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.
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.
A drop to $93k is possible after hitting above $110k. $75k seems unlikely unless something bad happens.
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.