The monthly BTC candle is looking pretty strong right now, and we only have 5 days until the close. It's already broken through some big resistance levels.
Just touched $95k, so is it possible to close above $100k? Or will we see a drop below $90k? What's your take?
Will Bitcoin Hit $100k This Month?
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Honestly, your post's kinda unclear. When you say 100k candle, are you talking about a candle that opens at 100k or closes there?
I get what you're trying to say, but the expression could use some work. $100k is a tough resistance to crack.
No one can really predict Bitcoin's price movements short-term, right? I doubt we'll hit $100k this month, but I can see it happening in May. I don't think we’ll drop below $90k either. Whatever happens, I’m betting on a rebound.
chris.novaMember
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#4Jul 29, 2017, 07:05 PM
I had to read your post multiple times but I think you mean whether this month’s candle will close above 100k.
Bitcoin’s super volatile, but it could actually push past that resistance this month. Still, I’m not seeing enough buying momentum for a breakout.
nonce_2018Member
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#5Jul 30, 2017, 12:39 AM
Looking at how close it is to $100k, it wouldn't be shocking if it goes even higher.
People are getting hyped because of the rise to $95k. But, we shouldn’t underestimate Bitcoin; it’s got potential to keep climbing.
For me, I think we've already hit a rejection at $95k. I expect a small drop, maybe below $90k before we get back on track.
I’ve set some buy orders in case there's a quick crash.
Honestly, the chart looks like it wants to break resistance. Bitcoin is pushing strong after hitting $95k with no signs of turning back.
Closing above $100k this month could be massive, but then again, sideways movement wouldn’t surprise me either.
bridge_2014Senior Member
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#8Jul 31, 2017, 06:07 PM
I’d much prefer it to close above $100k rather than drop below $90k again.
We’ve got the weekend to ride out; I’m hoping for some good news Monday to kickstart new momentum.
wallet_2018Member
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#9Jul 31, 2017, 06:44 PM
Honestly, I have no clue where Bitcoin’s price is headed. But I sense we might get a close at around $100k by the end of the month.
It’s a psychological level that can attract more buyers if we reach it, which may drive prices up further.
falcon_satFull Member
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#10Jul 31, 2017, 10:12 PM
With only a few days left and Bitcoin at $94k, it seems like we need a big push to hit 100k.
Resistance at $95k is looking tough, especially with low weekend trading volume. Let’s see what happens on Monday.
Only a few days left; hitting those 6 digits will require some serious momentum.
If I were day trading, I’d be looking at bids below $90k. There’s a serious hunger for that $100k mark.
Nobody can really pinpoint where this market is going, but we can speculate. Bitcoin might break $100k this month now that it’s above $90k.
Don’t forget its volatile nature though.
Predicting short-term movements is tricky. Sure, positive news could push Bitcoin over $100k, but that’s doubtful.
I’d guess we finish around $94k to $95k this month.
I think we might hit 101k by April 30, and maybe even 102k by May 1. After that, who knows?
quantumhashNewbie
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#15Aug 3, 2017, 06:20 PM
Today's price is down a bit, not expecting 101k by month's end. If a big player jumps in, maybe it’ll change things.
mr_satoshiFull Member
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#16Aug 3, 2017, 09:51 PM
I’ve noticed something interesting when Bitcoin falls below $100k. It struggles to go back up, but when it does, it tends to skyrocket past it again.
I agree with the prediction of hitting 101k soon. Those support levels around $94k are strong.
With just a few days left, I think Bitcoin can reach $100k soon. After some corrections, it’s back to $94k.
Let’s keep an eye on how the market moves.
$100k this month? That’s tough to predict, especially after a surge like this.
It often stabilizes after a big rise, but who knows what’s coming.
fewunderstandLegendary
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#19Aug 4, 2017, 01:02 PM
Just three days left! I think we need some catalysts to hit 6 digits, similar to the recent positive market news.
If we don’t hit it, I still think we’re good; no need to force it.
jake.minerNewbie
Posts: 67 · Reputation: 18
#20Aug 4, 2017, 03:50 PM
After corrections, optimism always rises, and yes, Bitcoin will continue to rise.
But let’s admit it, predicting its moves is getting harder, especially with all the outside factors influencing the market.