Saw a tweet about this yesterday. Basically, if you look at my trades lately, it seems like the market isn't really falling. We kicked off the year strong, and it looks like $90K is holding up as solid support while $100K is the ceiling.
Trading Bitcoin: Is Buying at $90K and Selling at $100K Worth It?
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Yeah, I feel that too. Some analysts are saying $107K is a turning point, but honestly, if $90K holds, we might see some upward movement soon. Even if we do drop a bit, a correction could be healthy.
Totally agree. $90K is key. Last month I thought it might dip below, but it bounced back. I reckon if we break through $101K, we could be looking at $120K this month. But I’m skeptical about hitting $200K soon.
SilentAtlasNewbie
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#4Oct 7, 2022, 04:53 AM
I get what you're saying, but we should keep focusing on $100K as a key level. $107K didn’t stick around long enough to be significant. Right now, if we can push above $99K, that could mean we're gearing up for some serious gains.
nonce_2018Member
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#5Oct 8, 2022, 02:36 AM
Buying on dips and selling high seems like a dream, but I’m not about that life all the time. It's too risky. Long-term investment feels safer and honestly easier.
Very well put. Sure, there might be corrections, but $200K sounds a bit far-fetched. I think $150K is more realistic. If we hit $99K again, that says something about market strength.
Short-term gains are nice, but I prefer dollar-cost averaging. When there's a dip, I buy more. Less stress and I don’t have to worry about liquidation.
notyourkeysNewbie
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#8Oct 8, 2022, 06:58 PM
Totally agree. People making short-term profits now are lucky. But honestly, predicting this market isn’t easy. Buying at $90K and aiming for $100K could backfire if it dips.
kevin_atlasFull Member
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#9Oct 8, 2022, 09:54 PM
I’m not convinced selling at $100K is the play. BTC seems to be breaking out of its average, so sticking around could pay off. Buying the dips regularly sounds like a better strategy.
stake_2017Newbie
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#10Oct 9, 2022, 05:27 AM
Heard a lot about that lately. Sure, it might work, but eventually, some traders will get caught out when the market moves up and they get liquidated.
Everyone has their own strategy, but if you really analyze the volatile market, buying at about $96K and holding could yield profits soon. Just look at where we are now.
I think BTC is forming a channel right now. If we break $100,500, we might see some upward movement. But it could still dip to $88K before breaking out.
The highest I’ve seen is around $105K, but it dropped back down. We might need to wait to retest $100K again. There are wild predictions out there, from $70K to who knows how high.
AtomicForkFull Member
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#14Oct 9, 2022, 06:32 PM
Honestly, if you buy at $90K and sell at $100K, you might just make a fool of yourself. Long-term holders are the ones who really win, while traders might just think they know what they’re doing.
ben.matrixNewbie
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#15Oct 9, 2022, 10:36 PM
Yeah, some have lucked out, but it’s not a good strategy long-term. Many seasoned traders would say just hold onto BTC instead of flipping it.