The monthly candle for BTC looks pretty solid, and we've got just 5 days left until the close.
Bitcoin has broken through a key monthly resistance level.
I really think this monthly candle is gonna finish in the green.
The price just hit $95,000.
Do you think Bitcoin will wrap up above $100k?
Or will we see it drop back down below $90,000?
I’d love to hear your opinions.
Is BTC Going to End the Month Over $100k?
19 replies 168 views
You don't understand what your write and fail to express your opinion well. 100k candle sounds more like a candle with price from $100k to $200k with open and close prices are different with $100k.
I understand what you implied in your post like whether Bitcoin finish this month with a close price at or above $100k, but your post is bad in opinion expression. You need to improve your writing for better convey your ideas to texts.
Bitcoin has good rise recent days but $100k is a strong resistance that is not easy for Bitcoin breaking out of that cap.
Nobody can know bitcoin short time price but we can only make some guess work. I think bitcoin may not get to $100000 yet but it is very possible bitcoin will get to $100000 in May but not before May. Bitcoin may neither fall below $900000 before May. Even if it falls below it now, likely the price might increase back as soon as possible.
I had to re read OP post again and again and got it clear, OP is definitely using a monthly time frame and with each candle representing a month so is speculative question is whether this months candle will close above $100k.
I think I will be agreeing with you on this, bitcoins is indeed a Volatile asset and has the ability and also the potential to actually go past the $100k in the last 5 days left of the month. But to be realistic there is not a enough momentum to push for a more aggressive buy and pump the price above $100k, the $100k is a very strong resistance level that needs huge pump to break and as such we might be having consolidation throughout this month and most probably break the six figures next month and
Looking at how close it is right now, it would not be unlikely for it to go up that much. We have already seen it go up a lot, so it wouldn't be shocking to see it go up a lot more. I understand that it may not be easy to decide what to do on this, but it would not be that crazy to handle it.
I can see how people are crazy about the fact that we are seeing 95k because we were very low so that means we already gone up a lot and they doubt that we still have some fuel to keep going higher, but the reality is that we are going to end up with even more. So focus on keep growing, don't worry about making mistakes and eventually you are going to do a lot better. If we can handle this then we are going to make a lot more money and that is why we can't have issues over course of long periods of time. Just keep holding.
For me, it seems the $95,000 level has already been rejected - I am expecting a small pullback, like below $90,000 first till this month, before we continue the ride.
I have already made a lot of bids at different levels below $90,000 just in case there is a flash crash.
Chart looking like it's about to break resistance if i'm being honest, bitcoin is still pretty damn strong right now after pumping to $95k showing no sign of reversal.
I believe closing above $100k would be huge for this month and it's most certainly very possible.
But on the other hand I wouldn't be suprised if BTC fail to break resistance and doing sideways again, doesn't change the fact that i'm bullish with bitcoin and think that later this year it will break new ATH though.
Still keeping my BTC tightly in my bag.
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#8Apr 23, 2022, 10:44 AM
I'd love to see the former happen trather han the latter. While we will just endure the market if it goes down under $90k again. But what we're looking forward to is seeing it close to $100k. For the remainder of this month? I have no idea if it can happen, but things can escalate quickly for Bitcoin. We're on the weekend and I hope that some good news still we'll be seen on Monday when the other markets are open once again. Because the push that comes there is also affecting the price of Bitcoin whether the news is negative or positive.
quantumninjaFull Member
Posts: 210 · Reputation: 581
#9Apr 23, 2022, 01:56 PM
Well, if you want to know my opinion , then I have no idea (really) in which direction the bitcoin price chart will move. But I can assume (expect) that by the end of this month we can get close to a price close to $100k (plus or minus). I can't read tea leaves past price charts, but for me, a price of $100k looks more likely than $90k. Or maybe my subconscious wants to see this psychological level reached, which will undoubtedly have a positive effect on ordinary people who see that bitcoin costs $100k+. They will also want to buy. Which will cause even more growth.
Still very hard to see what's going to happen at the end of this month. We only have a few days left and with that, we're $94k, so obviously, we need $6k to top 6 digits again. It is doable? Yes, we have seen increased like 5-10% in a given day.
But for now there seems to be resistance at $95k. And it's weekend so the volume is low as traders might have been resting or squeezing some profits already. But let's see once we resume on Monday and hopefully there is enough good news to fuel another push to $100k.
Too few days, would require some blatant bloating, so still possible, but think most people would prefer some time taken to digest the gains over last week.
Were I a trader, just looking to scalp, this would be my go. sub 90k bids, and probably with loose stops. The hunger I'm seeing for another $100k seems irresistible.
There is nobody that can give a precise direction on what the market may gives, but we can speculate and make our own prediction in which will be close the accurate circumstance with the market in some cases, bitcoin may cross above hundred thousand dollars this month as we have it recently dip and now already above ninety thousand dollars, only that it will remain being the volatile coin it has always been and we may see it close to $100,000 before the month ends.
It is very hard to tell, especially in the short run/term. It is possible that there could come a very positive news about BTC that could push it above $100,000 before the end of this month, but that is unlikely. The likely scenario IMO is that bitcoin would finish the month around $94,000-$95,000. That said, it is exciting that bitcoin has broken the resistance of $90,000, so right now we basically have to be patient and watch what happens next.
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#14Apr 26, 2022, 04:42 AM
It will hit 101k April 30 and do 102k May 1 after that who knows!
Today's price is 1.3% lower than yesterday, so I don't think it will reach 101k by the 30th of this month. However, if a big whale enters the market, the price may change.
Since the price of bitcoin touched $100k, i have been observing something whenever the price falls below $100k and what happens is that it always struggles to hit $100k again but as soon as it reaches, the price even skyrockets past the $100k mark so i agree with @Philipma1957 prediction of the price hitting $101k probably on or before 30th, April. There is a very strong support around $94k, if it crosses to $95k again it may push it further to $100k and above.
mike_wizardMember
Posts: 3 · Reputation: 143
#17Apr 27, 2022, 09:44 PM
If we count, there are only a few days left until April 30th and that is very close. I expect it, it is possible that Bitcoin will touch that level again in the near future. After some correction, Bitcoin price is back to health and is currently at $94k. As usual, the increase in Bitcoin price also has an impact on the increase in the price of most other Altcoins. We just need to be a little patient, and see the market movement in the future. It has been a year and a few days since the halving, seeing the price back to $100k is a pleasant thing.
$100,000 this month? Hmm sometimes bitcoin is difficult to predict even after experiencing a surge... after this surge it will usually stagnate in the current price area but I never know what happens in the future this is just my prediction.
If you say hope... Yes of course you want to get to $100K in the near future then you might think the bullrun will start again soon.
But just wait for the close of this month who knows the hope to $100K is a reality, even if not for me this does not matter because there must be a time for bitcoin to return to that price.
It just three days before the end of this month, not saying that we couldn't hit 6 digits, but there should be another catalyst for it. We have seen the effect of Trump easing on tariff and it really push the price to where we are right now.
But in any case, if we don't hit 6 digits then we are still good. We don't need to push it artificially, not sure what the significance of it since we already touch that numbers already. Maybe it's psychological, or perhaps there are speculators that are going to make a sell and make a lot of money. However, the game here is to wait for the possible biggest price till the end of this year and not this month alone.
Like previous times, after a long period of correction and bitcoin starts to recover, people will start to expect and make optimistic predictions that bitcoin will continue to rise even higher in the coming days. I think this time is no different, the predictions are still the same, I don't think you will get the opposite prediction.
But honestly, we all know that bitcoin is unpredictable and predicting its trend is becoming more and more difficult as it is heavily influenced by geopolitical news. The only thing we can do is hope it happens and hope nothing bad happens to the economy anymore because bitcoin will do better in a stable economy .