Honestly, I think BTC is on a path to around 92k, but I expect a little bounce back to 105k or 104k first. Maybe we’ll get close to 86k eventually, but that’s for later. What's everyone else thinking?
What’s the future for BTC?
20 replies 72 views
AtomicForkFull Member
Posts: 352 · Reputation: 479
#2Oct 20, 2019, 09:26 AM
People like you are just moving Bitcoin to stronger hands. As Buffett says, it’s about transferring wealth from the impatient to the patient. Those guessing the next dip are just giving their money away.
Forget short-term price changes unless you’re a pro trader. If you’re looking to hedge against fiat inflation, just buy Bitcoin and chill. Fiat currencies will keep losing value while Bitcoin has no cap.
I’ve been trading for over 4 years now, looking at BTC price levels. My perspective can change daily, but some key levels really need testing before we can dream about future prices.
I couldn’t care less about the daily price swings. BTC is heading for a new ATH. My guess is 115k by year’s end, assuming we don’t end up in a global conflict. Focus on the long game.
I think we’ll see more dips coming. The recent price drop seems related to the escalating conflict in the Middle East. If it keeps going, I doubt we’ll see a Bitcoin pump.
wallet2017Member
Posts: 111 · Reputation: 63
#7Oct 24, 2019, 04:56 AM
No way BTC is dropping to those low levels! Look how it bounced back to over 101k recently. Even if there’s bearish sentiment, I believe we’ll recover again.
Iran’s attacks are making headlines. If things escalate, people might flee to Bitcoin as a safe haven. Let’s not forget Bitcoin didn't exist during the two World Wars, but now it could be a shield for wealth.
Political and economic events really affect BTC prices. I thought we might see a bigger drop, but if the price is rising now, it seems confidence is returning. I hope it sticks.
Check the daily chart! Looks like price manipulation to liquidate positions. BTC reacts more to fundamental analysis than technical indicators, so predicting drops might not mean much.
I’m still leaning bearish in the short run. Waiting for around 97k to buy more. But hey, BTC is above the 21 Weekly EMA again, so it’s not all bad. Is 86k likely? Maybe, but not super probable.
nova_atlasMember
Posts: 156 · Reputation: 90
#12Oct 26, 2019, 08:12 AM
BTC is definitely volatile but in the long term, it’s mostly upwards. Don’t just look at the price; consider Bitcoin’s actual potential. 100k is ridiculously low for its value.
BTC hit about 103k now. If this continues, a drop seems unlikely. But if it drops, that could be a good buying opportunity for newcomers. Bitcoin will find its way back.
I’m not quite agreeing with you, but seeing it hit 104k earlier makes me think your prediction isn’t total nonsense. 92k is a huge dip; Bitcoin fluctuates a lot but rarely stays low for long.
Feels like it won’t break below 99k. Someone’s definitely waiting to liquidate there. Signs show we might bounce back to around 105k soon, especially with those good indicators.
yield_2021Full Member
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#16Oct 27, 2019, 10:06 AM
Are you freaking out? I honestly think Bitcoin won’t drop like you fear. There’s positive news about big players buying in; that’s likely pushing BTC back up.
quantumhashNewbie
Posts: 78 · Reputation: 29
#17Oct 27, 2019, 10:29 AM
Coinmarketcap says BTC is around 104,906. Given the current chaos, the price will fluctuate, but that's just the nature of BTC.
Looks like Polymarket gives an 11% chance of hitting 95k, which is higher than the forecast for 115k. Not super optimistic about it going lower. Just sharing what I see.
fox_rock3tMember
Posts: 103 · Reputation: 172
#19Oct 27, 2019, 05:47 PM
Time will tell if we hit 92k again. I think going below 80k was enough for BTC to stabilize around 100k. With everything going on globally, who knows what could happen.
BTC seems to be on a decent path, even with the ups and downs. I’m just grateful it hasn’t dropped below 100k yet. I’m feeling positive about future rallies; just need to keep stacking.