What's the timeline for BTC hitting 120K?

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vector777Member
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#1May 2, 2020, 04:23 PM
Looks like BTC just touched that resistance point at 110K. Do you think BTC will break through to 120K soon? How quickly can it get there and what are your thoughts on this?
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DYOR
cold5tor4geSenior Member
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#2May 2, 2020, 08:14 PM
Currently Bitcoin is at a resistance level of between 108k to 110k benchmark, this is a correction that have come to block the bull momentum that Bitcoin build up over the last 48 hours ago, alot of market reactions and many speculation that point to a more bull market to come in the near days, so yeah this is a good time to buy some percentage and wait for the next direction before you take the decision as for how dip you should dive into the Bitcoin market ocean.
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AtomicStakeFull Member
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#3May 2, 2020, 09:31 PM
The market is still very unpredictable. We were able to create a new ATH at around $112k and it came down to $109-$110k in a short time. This correction was certainly expected. But it is now important for me to see where the market will move. If the market is still bullish, then maybe we will be able to touch $120k in the next few days. It may even happen that the market goes down and we enter a recession. Although the chances of this happening are very low, it is possible. So keep watching the market and enjoy it. And even keep buying regularly.
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john88Full Member
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#4May 2, 2020, 10:58 PM
Just like many people don't think that Bitcoin can make a new ATH this month, the same goes for the fact that no one can say how fast Bitcoin can reach $120k or even more. People just can't predict because the market is so unpredictable that Bitcoin could reach that price tomorrow, next week, or next month. It's just uncertain when Bitcoin will reach that price. So what we can do is just wait patiently for it to happen - but it is certain that it will reach that price - and I feel that it will be reached within this year.
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johnkingSenior Member
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#5May 4, 2020, 08:58 PM
It's becoming very difficult to say whether Bitcoin will go to 120k or fall back below 100k from it's current price. It's very important to keep an eye on market at regular intervals to decide our moves. Those who are looking to sell small number of Bitcoins have an excellent opportunity at there disposal. For last 20 days Bitcoin price is over 100k and it looks very difficult that price of Bitcoin will go below 100k. I am hodling my bitcoins and won't sell unless I see price going up to 150k.
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ryan_orbitFull Member
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#6May 5, 2020, 09:00 PM
The market is very unpredictable and we can’t say for sure how this market are going to react in the coming days. The resistance level is clearly seen and has been one of the reasons why Bitcoin is yet to continue the bullish trend it has already embarked on when it lead to breaking the ATH. We can’t say for sure when Bitcoin will reach $120K but if it happens to break the $110K resistance zone, we should be anticipating for the $120K sooner than expected. With the rate the bull market is going, many have suggested that it sound reach $200K before the end of the year. Let’s watch and see how the market reacts.
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fork69Full Member
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#7May 6, 2020, 12:35 AM
Do you set your target at $120k? if yes then you don't need to be bothered because it will definitely cross that price target just that it may not be sooner because the market has already formed a resistance around $108k after it dropped from $112k and we don't know the next move if it will skyrocket or experience further correction. Everyone is sure thinking of an uptrend movement since the market is still very much bullish but we do not know how close we are to reaching $120k, when the price reaches $115k, we will be more confident of reaching $120k within the shortest period of time.
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c0in23Full Member
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#8May 6, 2020, 05:48 AM
If this price gets more bullish, why not? Soon we will witness btc price hitting $120k, and it could happen even less than a week if bitcoin will keep surprising us with its high momentum in the market. However, I’m also open to any price retracement as it could be highly possible before a new ATH will be achieved. But nevertheless, bitcoin itself is very bullish, that’s why breaking $120k level soon is never surprising at all.
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alexaltFull Member
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#9May 6, 2020, 08:44 AM
You can reduce the size of your image to make it look cool in the eyes by reducing only the width or length Bitcoin price movement is unpredictable and nobody can tell the the exact time or day that bitcoin price will reach $120k but it will surely reach that price because we are still in the bull run. Bitcoin price within few days reached a new ATH which means that we can wake up one morning and see bitcoin price at $120k. One thing you need to put into consideration is that, there is need for a price correction or dip for the price of bitcoin to pump higher to reach a new ATH and that's why I am not bothered when there's a dip in price. Keep buying more bitcoin and forget about when the price of bitcoin will reach $120k.
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leo.wolfHero Member
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#10May 6, 2020, 12:29 PM
My prediction is actually bitcoin price getting to $120k before this second quarter ends and that is still very much possible because the market just used a one month period to fill in the corrections of the last dip and set a new ATH but right now the market is just having a pullback after the rapid rise as it was expected due to the sell orders that were set at the $110k price. For me to almost a week I expect the market to continue consolidating before it continues the upward movement
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basedchainFull Member
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#11May 6, 2020, 04:43 PM
At this point, with the market already very bullish, that resistance will be broken soon - it’s just a matter of time, my friend. And who knows, we might not stop at $120K.. we could go even higher. The market is unpredictable, but one thing I always stick to when it's bullish: I never bet against the momentum.
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bear2021Full Member
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#12May 8, 2020, 06:17 AM
Certainly yes. But no one’s can tell when exactly it’s going to hit the market. As long as the market gets more bullish in the next days and months, we won’t only stop at $120k but it could go higher than that, that’s how unpredictable bitcoin is. Let’s just wait and see, bitcoin won’t disappoint us in the long run. It could be next week, next month, or next quarter, that’s fine, as long as it’s definitely going to happen.
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sigma07Senior Member
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#13May 8, 2020, 09:32 AM
It is what we're all waiting for but we have to stand by and wait for some more good news for it to be pushed at that level. How fast it will be? We've got an idea of it because of how BTC has been moving lately. What I am thinking right now, this year is going to end with a good price but if it's moving quickly upwards then we have to expect the worse of it that it should also fall down quickly when we enter the phase of it once it becomes bearish.
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s4t88Full Member
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#14May 8, 2020, 02:27 PM
That's quite possible by next month, though I know it's unpredictable. However, the positive news and events surrounding Bitcoin seem to have an impact on its price. I hear good news about Bitcoin every week, such as its legalization in various countries or following the lead of Donald Trump, who recognized Bitcoin as a payment option.  Sentiments like this make me feel that Bitcoin will continue to rise. For now, if you can hold onto your asset, it's much better. There could be another ATH by the third quarter of this year.
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maxi_2021Member
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#15May 8, 2020, 02:47 PM
I know mine is a bit different from others but I don’t really have that much hope on this current bullish market we’re seeing - 120k seems really close but I don’t think we’re going to see it anytime soon, probably not this month- it might be possible next month ending or somewhere around the starting of July but for now I think we’re just going to be moving around $100k - $115k. I know a lot of people speculated a much higher price and most of the times my speculation has not been aligned with what actually happens but this time I think I’ll also stick with my own opinion and just watch if I’m still going to be wrong or if it will be different this time.
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hodler2019Legendary
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#16May 8, 2020, 08:28 PM
it can reach 133.333.33 by may 30thso 120k it can do on tues next week or not
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paulyieldSenior Member
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#17May 8, 2020, 09:03 PM
Price seems to recover really great post trump announcement of tariff toward europe and I personally had opened long position when it dipped. I'm kinda expecting next two months for bitcoin to retouch ATH and probably make a good move toward an even higher ATH but the only problem it seem is the economic uncertainty by the tariff. You see, with trump announcement of tariff toward europe entire market is shaken. It's the only problem.
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wildvaultFull Member
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#18May 9, 2020, 12:53 AM
No one knows what will happen next, bitcoin price may continue to rise and reach $120k as you expect, but the opposite scenario can also happen, bitcoin may fall and even enter a bear season at any time. As a bitcoin investor, you should always have a backup plan and always be prepared for any possible situation, don't be too subjective and think that everything will always go according to your thoughts. We are the ones who need to follow the market trend, the market does not move according to our expectations. Just because people believe Bitcoin will hit $120k, $150k this year doesn't mean it's definitely going to happen.
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cobr4404Full Member
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#19May 9, 2020, 01:00 AM
With what happened a few days ago with the announcement of Trump, it might happen a little bit late than we are expecting. Bitcoin reach almost $112,000 before it went to a correction then the announcement of Trump caused the price of the market to go down even lower. Bitcoin to reach $120,000? I don't think that it will happen anytime soon, and because of Trump's announcement, I already cancelled all of my selling positions on Bitcoin. How fast it will be reached? I expected that it will be reached in 1 month, but with what happened, I guess around 2 months is the safest prediction to it. Heck, we don't even know if Bitcoin will reach that price.
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viper_blockSenior Member
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#20May 9, 2020, 06:09 AM
We cannot say too much as we don't know when that will coming. But we just believe the price will breaking $120k soon. That make us still hodl on tight without think about when (the time) but how we can still accumulate Bitcoin for a long term. The strong investors will not think much about the $120k but they will have a very long term target. They just happy to see their profit grow following the increasing of the price. So we will soon see Bitcoin break $120k and if that is your target to sell Bitcoin, you need prepare for the coming.
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