Is Bitcoin headed back to $93k?

Bitcoin’s creeping up towards $105k. The market’s kind of all over the place right now. I noticed it hit $101k then bounced back to $104k at one point. Feels like we’re in this zone where not much trading has happened before, so there’s not a lot of volume here. Analysts are pretty hopeful about bitcoin going up, but right now there just aren’t enough buyers to back it up. So, do you think bitcoin will dip below $100k before it pushes past $105k or $106k? The low seems to be $93k, but if bitcoin pulls back, maybe it won’t drop that low? Am I off base here?

Who cares? That only matters to you if you are a short-term trader. Without having to look at the very long term for me it is clear that at the end of the year the price will be much higher than it is now.

The market is volatile and as a result of the recent market performance after breaching the $95K resistance and recovered to $100K and even upright to see #105K does not mean the pump will be stable. I understand the situation of OP is not comfortable with the situation probably he is being acted under the influence of market sentiments which as well is a key derivation opts investors to take wrong decisions when they sees the values of their portfolio dropping. Like said, only short term Investors would panic over slight changes  in the market because they would not want to count lost after acquiring a huge values while long term holders will always remain calm and be hopeful that the market will recover again certifiably that new ATHs will be experienced in the long run.

Or let's put it this way, if we have been in the market for so long, we all know that in due time there will be a retracement and we should all be prepared. On the other hand, if we are a long term investors here, doesn't matter, I even not checking the price for the last two weeks. So yeah, doesn't matter, what matter is that we continue our not so secret sauce, that is, to continue to accumulate thru DCA and then look at the bigger picture of it. For short term speculators, they could also be making money, but for us who chooses to just DCA + HODL, it's a better approach as it's not that complicated to do. And if Bitcoin go back to $93k, then it's buying time again.

I don't think the reason why it didn't go above this level is because people are not buying enough Bitcoin to increase it price, but according to a post I cam across some days ago here, it shows that the whale has not yet perform their wall wall trick or whales has not Yet manipulated the market to their favor. Immediately they does that, Bitcoin will create another level and we will go Higher before it expirience price correction. Surely Bitcoin must surely surpass this level and touch ATH before the price can dip. It could be that the next $93k we will see may be as a result of bear season. But if not so, then we might see $93k one more time this bull season before the price will go bearish.

look you earn a signature. that set of earning should be your dca and hodl at all costs. then set 2 ladders a buy ladder at 95k 92k 87k 82k 77k 72k 67k a sell ladder at 110k 115k 121k 127k 132k 142k 155k 166k 177k this means between 95k and 110k you are simply dca and hodl your signature money it also means sideways is good for you. now lets say you have .2 btc in your stack from the signature. the sell ladder should be 0.01 each and there are 9 levels of sell so if we moon to 177k you have .11 btc left you need cash pile for the buy ladder say 5000 cash and each buy on the drop is for 500 if we drop to 67k you still have a cash amount left. the numbers and ratios above vary person to person but you are covered between 67k to 177k with automatic moves. and you do not need to worry if we hit a low or a high.

The tariff war even sent bitcoin prices plummeting to $74k, but it didn’t take long for bitcoin to recover and return to $100k. Meanwhile, we don't even have any negative news at the moment and what is happening is just a healthy correction after a series of days of growth. Why should we be afraid when this is a necessary step to prepare for greater and more sustainable growth ahead? I don't think Bitcoin can drop to $93k, but even if it does it's not scary. We didn't even feel scared when bitcoin price dropped to $74k, why should we be scared if bitcoin price only drops to $93k?

To discuss the matter further, I guess, but in reality, - we are still going to bounce off eventually, I too agree with your take.

The way bitcoin price is increasing I don't think we shall experience down fall of bitcoin within this month, so I believe that the price of bitcoin will be increasing until we enter June,because since price clamps 100k theirs no sign that the price is going to fall I think that what trigger this rapid increase of bitcoin, it's base on many people is investing on bitcoin unlike before, so I believe that bitcoin price will have more price this moment until one month time before we start experiencing downfall of bitcoin again

My buy orders are left in that zone, $93,000 - $96,000. I am really expecting a pullback first before we visit the all-time high. $93,000 is really possible. But I am expecting it at the end of the month if we will not pump.

Since you still have buy orders left in that zone, it's no surprise that you're hoping it happens as well as thinking it might happen. But on the contrary, I don't have any buy orders in that area so I don't think bitcoin can drop to $93k. If we put aside personal expectations and fairly make predictions based on data and what is happening. The chances of Bitcoin falling to $93k are much lower than the chances of it continuing to rise, as this correction was expected. No investment grows vertically, bitcoin is no exception and corrections are necessary and will happen. This correction is inevitable as bitcoin has been rising significantly for a while and is just a correction so expecting bitcoin to fall much is unlikely. Let's wait and see who will be right  .

This is good encouragement for those of us who are hodling for the first time. I have been checking the price of Bitcoin every now and then to see how my portfolio is decreasing or increasing. It's funny that I understand how volatility works in theory and the best ways to navigate through it, but in practice, I am doing something totally different. I am a first-time investor, and all I want to hear from investors who have been in the space for a long time is, "It doesn't really matter whether Bitcoin goes back to 93k, just keep hodling." I am still DCAing, and I am still convinced that the price of Bitcoin will surge. I am only being human by reacting the way I am reacting.

Highly probable, it’s not the first time that Bitcoin price goes above 100K and dip below 90K. You should check the price history to determine the range of up and down of Bitcoin so that you can easily determine the answer to your question. I think 60K is the price which is interesting target that can be subject for speculation since we already reach 70K on the last low of Bitcoin.

How do you conclude that the market is moving chaotically? Because the price goes 3% up and down? And that means that we are at a dead end regarding trading? Sorry, but none of that makes any sense for such a conclusion. Buyers are always there and it's a fact that now there are more than at the start. Just because we want to see the price hit a new ATH (and atm it doesn't), that doesn't mean that there are no buyers. The same goes for sellers. They don't wait for the price to get @$500k for selling, they sell at a price that suits them and then become buyers. That's trading. If you sell and buy at the prices that you mention, you will already earn more, which is the main goal after all. As for the price of our beloved King, it's more than sure that it will go up and up and up. Soon or later, it's inevitable. So accumulate as much as you can at any lower price than the one you sell, and everything will go great.

All I know is that we are seeing more New ATH this year. Short term am not that bearish and mid to long term i don't even consider the bears. $60K? I believe who's waiting for such price may likely not see it again and even if it does it wouldn't be now. Well there are still people that believes Bitcoin would go to $10K So shouldn't be that surprised.

It says "maybe". I mean it doesn't say maybe but it is just saying what is possible. And yes, in the bitcoin world anything is possible and from a TA stand point then we can say that 93k is the down that we can see during this period, that is the "down" though. We also have an up, which is 106k ,and if we break over it, god knows how high. That means we are going to make a great return and shouldn't really care about the down because we may never reach there for a long time. We should instead focus on how we can go to 106k and break over it, because that is what could make us money, a lot more money. If we can break over it, then breaking over the ATH price would be enough too. That doesn't mean it will happen, just means we should try that one, instead of letting it go down to 93k.

We're in a high volatility market where the major market controllers are the institutional investors and organizations like BlackRock, I wonder how you do your findings to know that there's not much volume around this point when the institutional investors can do their accumulation at some point through OTC. Don't rely on the market trend decision on what an influencer says when some of them make false claims for the purpose of marketing or causing FUD, etc. Besides, why bother with something you can't control when what will be will be.

Based on assumption, yes it will drop to $93k or even lower but it will surge again and when that bull run starts, it might take price to the $200k which a lot of investors are speculating about. Someone being overly optimistic would say that price will reach $250k, if we are preparing for price to reach that high, we should buy up this low prices that we see today, because if Bitcoin will get to $200k or $250k soon, it means that someone that is buy now at $100k will make a big profit by that time. If you want to buy when the price will reach $93k, I don't know how long it will take, you can utilize the DCA and start buying now.

Bitcoin going down to $93k is possible after the bullish moves which may strike above 110k, the only number that may not be feasible anymore is $75k, unless something terrible happens with an exchange things like hack or data breach etc that could enforce a massive bearish season.

Everyone will have something to say about  Bitcoin price movement, traders are mostly those who make these predictions, anyone with the mindset of holding Bitcoin for the long term won't be bothered if Bitcoin drops to $90K. When Bitcoin is preparing for an ATH, it doesn't move in haste, there will be sudden price drops before it begins to take on the positive movements. Certain for us, Bitcoin will make its ATH very soon and $93K won't be the next stop for it unless we begin the bearish season.