Making Gains by Buying at $90k and Selling at $100k This Month

I came across this on X from Btcalysis and it got me thinking. After reflecting on my recent trades and how I've been buying and selling over the past few days, I realized that the market hasn't really dropped. If you consider how we started the year and where we are now, there's a solid support level at around $90,000, with resistance at $100,000. This suggests we’re not likely to dip too much right now. The market's still pretty volatile, but it's a good chance for us to buy the dips, hold, and sell strategically. I see it as a prime time for DCA, buying whenever we hit those dips. We saw $89,100 recently, and now we’re already hitting highs of $97,300 today. So here's my challenge: to keep buying and selling throughout the end of 2024 and into 2025, and see where it takes me. Let’s talk about it.

I think these analyses take the $107k point as a reference point to set the decline and some of them take the analyses that predict that we will see $200k levels but it seems that the $90k barrier will be strong and not breaking it may be evidence that we will see more increases soon. In general, even if a correction occurs, it will be healthy.

Exactly the support at $90k is definitely key to an upward movement, when I actually thought the support would break below it was last month when we had a correction for weeks but since it hold at $90k after multiple knock off then it became my base support and the only thing I see breaking it would be a negative news to the economy. As for the resistance, the first resistance is $101k and should we bullishly break through it then we can simply go above the $120k this month, As for the overall price prediction, $200k doesn’t look too realistic to me because I always see it that no matter how bullish we are bitcoin is definitely not that volatile again, as such I don’t see a 2x movement form this current price this year, rather I will predict a 1.5x as my predictions from the current ATH,

What we should be taking as the reference point is Bitcoin at $100K, enormously $107K/$108K wasn't as recognized just laid as what we got as our ATH and never lasted on point. The speculations was rightly drawn around $100K even where we are as of now currently at $99K, is the entrance to moving rightly upward or heading back into correction. If we move from a heavy correction, Bitcoin has what it takes to get within $200K, but minor corrections like this within $90K can linger the price around $150K, i still will prefer my speculation drawn near $200K than below, significant declarations are rumoring around Bitcoin, realizing them all in designated quarters will boost the all time high we get.

Obviously buying at each dip whenever it does a correction, and selling at each top would make you al ot of money, many people would love to do that, but I am not really interested in trading like that all the time, it would not be a good situation. I am not saying we are going to end up with a lot of profit, but it doesn't really require us to do much in the end neither. What we are dealing with right now is just focusing on how to get a better return on our investment, and long term is easier. Obviously there are some people who do this kind of trading and make more money from trading than holding, but I am not really in favour of it because it requires a lot more talent than people realize. If you want to be able to spot what is the bottom of this period and what is the peak, and keep trading between those levels, you do need a lot of knowledge and experience in trading world, which isn't a simple thing, so I rather avoid that as much as I can.

Very well said, there might be correction, but I doubt if we may get close to $200,000 in case of any bull, though the highest speculation on price I've been seen being common is at $150,000 max, maybe things could go the way we planned or not, but until then, I think from today's market analysis, crossing to $99,000 is communicating something as well as the last time it bear to $89,000 and once there is a breakout from any side which appears to be more weaker, then that takes the lead and we go further from there, am also in support for more bull anytime further, considering many economical, political and financial factors in demands, bitcoin may continue in bullish pattern before and retracement may occur.

Is nice making some short term profits through market waves , but not a big fan of trading though . I prefer just focusing on building my stash with DCAing buying any dip that occurs, and it's dip more I purchase more , with that I can freely invest without any fear of losing money, because in trading that involves leverages, liquidation is inevitable. I tried playing with the market wave for a while and it didn't end well , but Lucky is money I could risk because I got it from a project I did  , so i was like let me give leverages a chance if i win is my gain and if i lose i move on with it . Base on bitcoin recent movement $90k has been a strong support, and I don't think bitcoin is going below more , because bitcoin kept moving I the range of $90k , and $100k as it's resistance, but I believe without any bad news or anything Bitcoin hitting a new ATH soon is certain , though it may under some corrections which it's doing now , so stash more and hold.

Short-term profit for these few days for those who understand the market and took advantage of it, I will say lucky for them, but the market is not what I can completely predict, which I will strongly advise against it, buying around $90k with the intention of selling above $100k is a good profit, but for the short term the market might disappoint and take a dip drop even as there is a great support around 90k.

Not sure I'd want to sell at 100k as BTC is pushing past 50 day average now.  So we are resolved to the upside perhaps rather then the prior range, hard to call out a sell like that but 90k is a fair buy imo.    Buy the dips is a fair nicer take so long as you can do so regularly, I've sold too soon too often to automatically want to sell or at least think I'd doing so without risk.

I’ve heard a lot of people talking about doing this lately. While it may work for a little while, at some point the only thing you will achieve is being left behind as the market rockets back into price discovery territory. I think if people are doing this, it’s only a matter of time before people get comfortable using leverage and find themselves being the fuel for the next leg up with their liquidation. I made a post on X about this phenomenon. https://x.com/nastymining/status/1879678335342838032

Individual perspective strategies at the time of buying and to sell in the Bitcoin market is something exceptional that might irritate others who are not on the same strategic views. If you study the market volatile system correctly, you would not mind buying happily at the resting margins of $96,475 and it surrendered at $93,549 just after the exhibition of the last ATH encountered in December 17th at $108,135. If you do so and had hold in little bit up to date, you could as well sell on profit as we have also seen the market in $100K as at today even while we have not catch up with the current ATH yet. So we can imagine a huge profit to be made if such buyer could hold for an incoming ATH. I guess those hoping to buy only at the DIP probably at the margins of $80 below would be left behind and regret it all FOMO to buy at the high price of the market correction.

i'm pretty confident that market is forming channel right now and if BTC can break $100500 then it can go up again after retouching the breakout line. as of now it seems BTC can still go down again to $88k IMO only then it will try to breakout from the channel and go straight to ATH although this is totally just my speculation but from the price action and chart, I kinda feel that way. I've been riding the channel for a while right now and will probably ride for a little more, it's been profitable week for people who consistently bought the flash dump.

The highest is $105,700, check out coinmarketcap. But the thing is that it didn't hold as the price goes down below 6 digits again. So it might have been invalidated very quickly and so we will have to wait again till we retest $100k. Anything is possible at this point, I mean there are still some speculators that we might touch $70k again and comparing this run to the start of 2021. So there are a lot of scenarios that can really happen this month, but the thing is that Trump is going to be swear in as the next US President so this is going to be a big positive news for us and it could really invalidated those predictions.

If you buy bitcoin at $90K and sell it at $100K what you will have achieved is to make a fool of yourself because remember that good results can be achieved even if you have followed the wrong method, or rather, even if you have made a fool of yourself. The vast majority of us have traded in the short term, but if you ask people who have been trading for a long time you will see how they tell you that in the past the most profitable thing to do would have been not to sell the bitcoin once it was bought. Now you may have done well but therefore you will think it is a good system, you will repeat and lose a lot of money you could have earned without doing anything more than HODLing.