Bitcoin's heading back to $100k soon

Bitcoin just shot up out of nowhere after being pretty much flat for a while. Now, we're inching closer to that $100k mark again. I've been checking out all the buzz and rumors lately, especially the one about Trump throwing a crypto ball. Is that what's pushing this rise, or is there something more going on?

The price of Bitcoin has gotten above $99,000 and it might get to $100,000 before the end of today. I am just hearing about the crypto ball for the first time and did a brief research about it. The meeting will be held at the Andrew W. Mellon Auditorium in Washington, D.C. Donald Trump is not the host nor will he attend the ball but some of his appointees like David Sacks will grace the occasion. The report had it that this event will serve as an avenue where key players in the industry will meet with some incoming government officials and discuss issues that concern the industry. More than one factor may have led to the price recovery of Bitcoin. The inflation report that was lower than expected increased the chances of interest rate reduction by the FEDs this month. Maybe the ball might also be another factor since some key members of Trump's inner circle will be attending. https://www.fxstreet.com/cryptocurrencies/news/crypto-ball-to-celebrate-trumps-pro-crypto-policies-202501150731

Trump's remarks about Bitcoin should be set aside for now, it is not about the words and events anymore but action. It is only until then that Bitcoin's rise would be linked to him. For your information, what happened is purely technical and economical, I knew Bitcoin was going to bounce back this week. Look at your daily chart, you will see a triple-bottom that later becomes a solid support at $92,012. This helped the rebound and the CPI news of today did the rest.

It's quite easy and basically normal to find people measure or judge future events or happenings based on past events and statistics too. If you can remember clearly, the current pump that is still hodling up till date was actually kick started by trumps election at first although later on the momentum was maintained by a couple of things like buy orders of traders since literally many bitcoin traders went long on a buy back then. It's because of these past events that people definitely anticipate the positive effect that trump may likely create with his next crypto decision probably taking price back to over a 100k once again.

even before this moment, i had known that this month is going to see bitcoin touching down the $100K line and potentially going even above it. normally when iy happens as we have seen it going, people will generally want to associate the rise to something that looks feasible and as long as that is concerned, trump will continue to come into the picture since it looks like he is the big name that has just walked into the bitcoin picture recently and his inauguration is just by the corner. we have seen bitcoin get to $100k and at the time, the majority of speculators pointed at trump as the reason for such bull, it is only normal that at this time, he get pointed at again as one of the factors that is responsible for this, but that is just an angle to bitcoin going back to $100k or even going past it, the next question is, how does this affect me and what is going to be my reaction to this bounce back. for me, the reward of seeing bitcoin always recovering and showing positive sign that we will see new ATH in the coming months gives me a great joy and continue to motivate me to remain invested in bitcoin because the future still looks better for bitcoin.

Before Trump is inaugurated in a few days bitcoin will soon go to $100K, in his speech Trump promised to prosper crypto and bitcoin and their country will become the crypto capital. This is what triggered the surge again considering a few days to crash almost to the $90K resistance level. Anyway, don't panic we will start the journey after Trump has officially become President.

Just as you said, the price has reached the $100,000 price mark five minutes ago according to the notification from Kucoin on my mobile phone and to be honest I didn’t think we’ll see a price increase like this in January again. If not for your post I won’t have known something like that existed; probably because I haven’t had the time to read recent articles but after this post I’ll make sure to go through the link you shared and at least have an idea of the things happening.

This is just the beginning. Smart people know how far it could go. Think of it like this. Simple news of Facebook thinking about investing in bitcoin pumped bitcoin by $8k in 2 days. What can actually happen if they do it? A pump of $10k as a reaction to the news would be pretty normal. Another one once they actually start buying.... What about Trump? His promises made bitcoin reach ATH, especially when it was clear he will become the next president, but it's just promises, nothing set in stone. Imagine the price if it really happens. The way I see it bitcoin has almost unlimited potential. $200k could be reached withing weeks if there's enough good news to fuel the rally.

And it actually did get to $100k just about a couple of hours ago before slipping back below $100k again but currently now, the price is around $99,700 which it might also hit $100k any moment from now. I think we should not worry much about the price reaching $100k again but we should look at it from a bigger picture after Trump's inauguration because that is basically where everyone is looking up to for a massive increase in the price of bitcoin after his inauguration speech. There is more we should expect from bitcoin and not about it hitting $100k that we are all used to already that is why when the price goes below $100k and comes back again, it doesn't create any excitement anymore unlike when it first reach $100k.

Good call OP. We're slightly sub $100k at the moment but the highest price today, per coinmarketcap, was $100,700. We made it back sooner than I expected. I thought we might dice a bit deeper even, to below $90k. I guess I set my buy order a bit too low. Looking at all the cycle peak indicators, we're at a much better position than when we reached the $100k for the first time. The market was closer to showing signs of overheating back then, e.g. the Fear & Greed was showing extreme greed and the dominance was falling indicating the beginning of the "altcoin season". But after the correction(s) the dominance improved by a few percentage points and the Fear & Greed is currently perfectly in the middle in the "neutral" zone. If those indicators are wort anything, we are in a very comfy place and ripe for further pump.

The price of Bitcoin is only about 400+ dollars away from hitting the $100k mark and I don't think it's mere coincidence that there's going to be a "crypto ball" being held to usher in the inauguration of Trump, rather I see it as a means to refresh the minds of crypto enthusiasts of the promises he made during his campaign. As it is, tickets are being sold for the ball and by the reason of this activity, don't be surprised if by tomorrow, we'd see $102k as Bitcoin's new price.

since bitcoin price has gotten to 100k before it will not fall below 80k because what ever think the price is doing right now is a correction but people don't know like that that is why they keep on panicking thinking that the price of Bitcoin will drop below that but I'm trying to let them know that the price will Bitcoin will be above of 100k if time is not taken because more investors are coming in into Bitcoin because of the awareness the current president of United States of America made for Bitcoin it will be surprised that people who is under fear and the pleasure but bitcoin price with crash will receive bitcoin price being above the expectation of 100k

Generally speaking we are just in a bullish market.  There will be ups and downs but if you look at the 200 day moving average we are sitting good.  I dont think a single event moves price on bitcoin like it used to.  The old buy the rumor sell the news now relates to altcoins.  I think come spring/summer we really start seeing price action move higher.  Wouldnt be surprised at $150k by mid summer.

Unfortunately, every action you expect will follow his word of mouth, that is how it works. Bitcoin reacts to news just like every other volatile assets and Trump statement is one of the biggest news you can think of. Remember how powerful his Tweets were during his first term in office, with a single Tweet he moves the stock market as well as several assets including Bitcoin. I understand that you want more of implementation of what has already been said, I also want that too but that can only come after inauguration. Nevertheless, I'm still optimistic that Donald Trump's presidency will be favorable to Bitcoin and miners as well.

well I gave you some merits as you turned out to be correct. we got over 100k

Bitcoin's price reaching $100,000 again is not just about Trump's potential crypto ball, as many countries have pledged to hold Bitcoin in their reserves and are all supporting Bitcoin, which is why the market has reached above $100,000 again due to various news.

I have been expecting the price of Bitcoin to get back to $100$+ since it has been long but it almost took for ever, as of the last time I checked the price of Bitcoin there was a positive change which indicates that the $100k is coming and in the past weeks the market movement doesn't seem like we might be seeing Bitcoin price getting close to the current ATH and I'm hoping that once it get close to $100k again it will be for good and that expectation some of us have would come to play even the talks concerning Trump and how high it will get I'm waiting to see if it will happen.

Despite the Bitcoin price having been on a downward trend for several weeks, the price of Bitcoin is now rising again. Bitcoin price touch $100k yesterday and at that time Bitcoin price was around $100,866 (In the last 24 hours). We are seeing a lot of positive news in the market right now like various states have bitcoin reserves, Moreover, Trump had earlier announced that his country would be the crypto capital. Maybe due to that effect, the price of Bitcoin is currently increasing. Currently, we can see that eight states in the United States have Bitcoin reserves. These will definitely be positive aspects for Bitcoin.

It is only a matter of time Bitcoin will be back to $100k and that is on the way. Bitcoin now seems wants to increase but I am not sure what is the main reason that makes the price surge. Maybe $100k will be the stable position in the rest of this month so Bitcoin will get another runs in the next month. We don't have to think much about the main reason of the increasing because it is already increase. And if there is a down after this, that means we can buy back for more. Maybe Trump inaugurated gives a fresh air for Bitcoin to increase like what we see today. So takes your time and see what will happen later.

I think the news of core CPI and the push toward strategic bitcoin reserve plays a role here, but we'll see if BTC market can keep sustaining the bullrun, in my opinion it will, and there might be a way for BTC to reach all time high again. however, it's as expected that BTC goes down as low as nearing $90k first before going back up again, after all it's pretty important for bitcoin to find "fuel" to help it go up again through liquidation of the longer, regardless I think whether BTC gonna keep going up or go down still kinda unclear.