Right now, I think BTC might drop to 92k or even lower based on the weekly time frame I’m looking at. But before that happens, I expect a bit of a pullback to around 105k or 104k. We could hit 86k too, but I can't be sure about that until we see 92k first. What do you all think about BTC?
what's the future for BTC?
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My view is that people like you transfers bitcoin to the strong hands. As Buffett said referring to the stock market, this is a mechanism to transfer money from the impatient to the patient. And this is the same. Those of you who play at guessing whether the price of bitcoin will fall a lot or a little, or whether it will fall before it rises, give away your money to those who accumulate it.
You dont need to pay attention to short-term fluctuations unless you're a professional trader.
If you're just an ordinary person trying to protect your savings from the silent theft of fiat currency inflation, theres no need to constantly follow what's happening.
When you have extra fiat money that you want to preserve long-term, simply convert it into Bitcoin and move on with your life.
Fiat currencies have no bottom they will always keep losing value.
Bitcoin, on the other hand, has no top.
I've been a trader for more than 4 years now and I trade BTC level by level, I'm just speculating what I expect to happen in the coming week as my bias could change daily but there are levels we should get to understand need to be tested before we actually get to where we want price to get to in the future
CyberTokenSenior Member
Posts: 146 · Reputation: 912
#5Oct 5, 2023, 04:22 PM
I don't care what number it will touch for a day or less. Bitcoin is going towards a new ATH. Hard to say what that will be, but my first target would be 115k by the end of the year, possibly followed by another correction. That's of course in situation where we don't face a global nuclear war because in a war all bets are off.
Stop worrying about daily moves. They are there just to make you act irrationally. You are being played by the big boys.
c1ph3r_matrixMember
Posts: 35 · Reputation: 147
#6Oct 5, 2023, 10:30 PM
Am also expecting more dip from bitcoin, I will say the current drop in bitcoin price is caused by the war between Iran, and Israel, and as we can see USA already joined the war because the attacked Iran three nuclear site, and Iran said they are going to strike back. As we can see the war is currently on, and its escalating already, and I dont really know if the war will stop soon, as long as the war is on, then dont expect bitcoin price to pump, and if the war ends up escalating, then we should expect bitcoin price to dump more.
ninja_viperFull Member
Posts: 178 · Reputation: 785
#7Oct 5, 2023, 10:51 PM
Bitcoin won't go down that low like you're speculating. If anything it's even gaining higher than it was two days back when it got to $101k. I doubt we'd experience a drop to the $90k region even though it's bearish nature signals a drop to something much lower.
It is normal to start entertaining doubts about a possible rally in price but I think we've seen Bitcoin hit very concerning lows but still went still recovered so I feel this is yet another situation that we'd overcome.
I've come across posts that have speculated Bitcoin price climbing to as far as $200k but with all this fluctuations, we'd have to exercise patience for that to happen.
Currently, Iran has attacked the US military base in Dhoha Qatar as part of their retaliation efforts over the US Bomb of their nuclear facility, We are waiting to see how the US will respond to this as thet has already said more damage will be done if Iran retaliates.
In a case of WW3, There is a stage things will get to and people may run to hide their funds in Bitcoin because Bitcoin is truly decentralized, Remember Bitcoin was not in existence during the WW1 and WW2 events, now investors may seek another way to protect their wealth amidst WW3 and we may see Bitcoin continue to skyrocket without feeling the impact of the war.
Bitcoin price is temporarily affected by political and economic happening around the globe. My guess is that the instability in the Middle East affected the price slightly. I thought the price would drop further, but it seems it's going high right now. This might be connected to Iranian attacks in Qatar that had minimal or no damage. Trump also said he and Israel are now ready for peace. These comments by the US president might be the reason why investors' confidence grew, making the price recover within a short period. We just have to hope that Trump is sincere with this peace move.
This post suits the speculation board.
Check the daily chart wick, it looks like a fake out from manipulation to liquidate positions but you should know BTC works more with FA and less TA so yeah maybe a drop in market, you can really predict it but does that really matter?
It's just another chance to stack up cheap sats , trading it will only put you in a mess, quit doin tha shii..
My short term bias on Bitcoin is still bearish and I'm still waiting for it to go at around $97,000 before I buy some BTC again. I might be wrong though like what always happens.
Anyway, the good thing about Bitcoin right now is that, despite of BTC closing below the 21 Weekly EMA last week, it rebounded already and now it's above $100,000 yet again, and it's above the 21 Weekly EMA already which acts as a dynamic support/resistance. Do we see Bitcoin going $86,000? Possible, but it has a low chance. We are in a bull run season, and for most of the time, the bulls are in control of the market so maybe the last time that we will be seeing it is when we are nearing the end of the bull run season.
Overall, as long as there are no series of positive news that will be released, the market will continue to dump. We might've seen a recovery today, but those gains can just disappear in an instant. One negative news is all we need for that to happen.
Up and down. But mostly up in the long term.
Instead of looking at the price and determining the value of Bitcoin from this and only this, you should look at the potential that Bitcoin has and then you will realize that 100K Bitcoin is wildly undervalued.
It is the first actually deflationary currency, which works.
Bitcoin is now back to $103k at the moment, and if this price moving up continues, then I dont see any chances that bitcoin price will still drop again. But if it will actually drop in the next days, I dont see any problem with that either. That will open another opportunity for newcomers to buy bitcoin and keep it for long term, while its price is still below $100k.
With the current crisis today that would lead to world war 3, theres always possibility that bitcoin will be quite affected. But still at the end of the day, bitcoin will find its own way for recovery, so we dont need to get threaten with that.
BasedPixelFull Member
Posts: 60 · Reputation: 439
#14Oct 7, 2023, 12:23 AM
I don't want to agree with you, since we already reached $104K few hours after you created this post, it looks as if it is going to happen as you said. $92K is a big depth into the market, many news are circulated for this downfall, easiest explanation is that things of such are always going to happen, Bitcoin will fall and pump anytime. There is nothing to worry about, $86K seems impossible, we won't go far down that price, if we should get down to $90K it will be the limit.
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#15Oct 7, 2023, 02:20 AM
Well, it fails to go on below the $99k level. It seems there's a big group or banks waiting to hit those liquidations in the $99k zone; it looks like a break or manipulation to liquidate those retail traders in the $99k zone.
But before it bounces back to the $105k zone, it already showed some signs reversal a few hours ago. At first, the RSI gives an oversold & divergence signal, the price shows a double bottom, and the MACD shows weakness of selling pressure. That is a good indication that there's a reversal coming after the double bottom neckline breaks. That is a sign of market shift. If you are a trader, you are going to wait for a pullback on the neckline to take a long position.
I have a long position at $100,061 my order filled, and TP at around $103k or $104k. I'm satisfied with the result even if I leave it be or without watching the market.
It seems the market wants to liquidate those holding positions in the $99k zone before they are going for a new ATH. I'm not sure, but that's the thing that comes to my mind.
Are you already panicking currently?
Well, I don't think bitcoin gonna dump as you may have think because there is already positive news on the market about Metaplanet buying huge amount of bitcoin about 1,111k bitcoin worth about $117m, this could be that cause of sudden retracement in the market pushing back bitcoin to +105k
https://www.coindesk.com/markets/2025/06/23/metaplanet-buys-1111-bitcoin-for-117m-pushes-total-holdings-to-over-11k-btc
So, I don't think 92k is very that possible to achieve this month, although I can't be so sure per say but one thing for sure is that we can't be so accurate in terms of bitcoin reaction and progression.
According to the Coinmarketcap and CoinGecko today the price of BTC is $104,906 which stay in the green market . In this world economic and political situation BTC price might be heading ups and down but this impact is only volatility of BTC. Not to be too much worry about the fluctuation of the price of BTC .
the_ledgerSenior Member
Posts: 220 · Reputation: 1305
#18Oct 8, 2023, 09:14 PM
Where is bitcoin headed? According to this prediction market in Polymarket, there is a chance of 11% that this will head to $95k which is higher than the rating that this will head to $115k. I am not quite certain where this will head to, however, this prediction market makes it appear that much of the speculation is this will go lower than higher.
Source https://polymarket.com/event/what-price-will-bitcoin-hit-in-june?tid=1750740003681
Only time will tell if it will be back to $92k. I think that going below $80k was already enough for it to stay on the $100kish level although it went down below it for a moment.
Anyway, any price is possible with all of the disturbances that we're having in the global stage. The markets are up and down depending on the movement of it.
BTC is heading nowhere but only to one direction and that's going up. We still have enough time for this year before it ends.
Bitcoin heading to the right track although the price is up and down. We should be grateful that the price is not slice down below $100k for now. But if the hard situation force Bitcoin price to go down below $100,000, that will not be a problem
My view on Bitcoin still positive and I feel that it just a matter of time before Bitcoin price have its rally and break the last ATH. So there is nothing to worry instead prepare for the coming by still accumulating more Bitcoin.
Somehow, this journey will be more exciting because we may see another down before the price is back to the high price.