So what's it gonna be? Up or down? I personally think it might dip to around 97.5K before heading higher again.
What's Next for Bitcoin?
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hypermatrixNewbie
Posts: 8 · Reputation: 38
#2Aug 25, 2023, 11:12 PM
For btc/usd, under 100k seems like a steal. We’ve hit ATH, but honestly, not much has changed in price. I think we’re solid above 100k. I’d just like to see some movement. If I wanted to sell, I’d prefer it to go up, but now seems like the time to stack.
shard_2013Full Member
Posts: 634 · Reputation: 287
#3Aug 26, 2023, 04:26 AM
From what I'm seeing, Bitcoin seems to have strong support at around $100400. Daily candles and Bollinger Bands show this. But I doubt the support will be as weak as before unless a bear market is starting, which I don't think is happening. In my opinion, it’s key for Bitcoin to stay above 100k.
This should be on the speculation board, OP. Since Bitcoin hit the new ATH at 112k, it hasn’t dipped below 100k yet. Sure, we might see it go down to 97k, but honestly, nobody can predict Bitcoin’s moves. It’s smart that you’re not stressing over it and just buying more.
Thanks! Anyone else wanna chime in?
nonce_cipherFull Member
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#6Aug 26, 2023, 07:08 PM
If you’re looking short-term, a dip is possible, but for long-term? Bitcoin's definitely gonna rise. If it drops, be ready with funds. Long-term targets are looking good, and I still believe we’ll hit a new ATH this year.
Honestly, it’s hard to see Bitcoin dropping below 100k after hitting those highs. A dip to the 90k range isn’t impossible, but I’m more focused on long-term growth. Volatility is the name of the game, but I believe we’ll rally past the last ATH eventually.
Just my two cents, but keep doing your own research. Bitcoin's unpredictable, could drop or rise any time. With good analysis, you can get pretty close to predicting market flow, but always be ready for surprises.
For June, I think Bitcoin will stabilize around 100k. It might fall a bit but probably won't drop below 95k. With the ongoing tariff wars between the US and China, it’s hard to predict investor sentiment, so stay sharp.
The recent low of around 78k felt cheap, but I doubt we’ll see those levels again soon. Bitcoin has held above 100k for weeks. A jump to 120k could happen anytime. The market seems sideways, which usually signals that great buying opportunities might be ending.
wildoracleMember
Posts: 138 · Reputation: 44
#11Aug 29, 2023, 05:57 PM
Up or down doesn’t really matter unless you’re using that time to your advantage. It might dip to 97.5k or lower, but could bounce back to 110k too. This month feels sideways, but I’m hoping for more movement next month. Just gotta stay ready.
satoshi_apeNewbie
Posts: 237 · Reputation: 20
#12Aug 29, 2023, 07:49 PM
Speculating on Bitcoin dropping to 97.5K isn’t real speculation. It’s just 7.5K down from 105K, which can happen in minutes. If we talk about a drop to 50-60K, then that’s a different story. I’d say by 2026-27, we could see Bitcoin dip below 70K.
jake.minerNewbie
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#13Aug 29, 2023, 09:51 PM
I disagree! Long-term, Bitcoin will keep rising regardless of tariff wars. Remember how the Russia-Ukraine conflict affected everything? Both stocks and Bitcoin recovered over time. Geopolitical issues have only short-term effects.
I see Bitcoin in a correction phase could bounce back to 110k or hit a new ATH. If it struggles, it might drop to 95k, and if the bearish trend continues, even down to 88k. Predicting Bitcoin is tricky since news can change everything.
fox_rock3tMember
Posts: 103 · Reputation: 172
#15Aug 31, 2023, 03:21 AM
Everyone keeps saying it might go below 90k, which is the dip some are waiting for. But as long as we hold above 100k, that’s the support we need right now.
Staying above 100k shows potential for Bitcoin to rise, even if it’s slow. So let’s stay optimistic!
Bitcoin’s been over 100k for almost a month now. It dipped to 100.5k but bounced back, proving it’s a solid support. Even if it drops below 100k, I wouldn’t worry too much huge corrections follow bull runs, and it’ll recover eventually.
Let’s see how this plays out. Nobody knows what’s next for Bitcoin. It’s been struggling to stay above 100k but managed to bounce back. I doubt it’ll drop below 100k again I’m expecting gradual upward movement.
Many think Bitcoin’s stability above 100k is a good sign, but any little news can flip the script. It’s too volatile! We should focus on long-term trends rather than short-term fluctuations.
I wouldn’t say Bitcoin can’t drop below 100k, but based on the current market moves, it looks more likely to stabilize around 100k and make slight upward adjustments. But who knows? Bitcoin loves to surprise us.