So, Bitcoin's sitting around 89k to 90k right now. Do you think it can climb back to that 100k level? I really miss the days when it was up there. I'm curious about what needs to happen for Bitcoin to hit that price again. Is it likely to drop below this point or can it appreciate back to 100k? What do you think is holding it back? I'm pretty convinced it’s gonna bounce back to 100k for sure.
Will Bitcoin rise back to 100k
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quantumbearHero Member
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#2Nov 23, 2021, 08:42 PM
Most people will say that for short period of time, that bitcoin might not get to $100000 but with time, bitcoin will go above $100000 and still go higher. Some people will argue with you right now that we are in bear market gradually. Nobody know what will happen next but I think it will be hard for bitcoin to get to $100000 for now.
proto_pixelFull Member
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#3Nov 24, 2021, 01:00 AM
Yes, and it will take time to recover from market uncertainty as it is today.
A lot of manipulation, a lot of conflicting regulations and the issue of tariff wars or world government policies.
This kind of question will indeed keep popping up, A few years ago there were people asking if Bitcoin would reach $10k
and various comments said it would happen and for those who are pessimistic would just say it wouldn't happen and it was difficult.
The same question but different year and price asked, even 10x the price in 2018 when Bitcoin was still below the $10k price.
Will BTC reach 10k$ at this time?
Eventually Bitcoin will achieve what it has achieved before, but now it may be priced higher and take time.
CyberTokenSenior Member
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#4Nov 24, 2021, 03:27 AM
I'll just give you a few numbers and you decide whether it's possible for bitcoin to go back to 100k and how much it could take.
When we fell from 109k to 76k this year (around $33k) the move down took about a month and the consolidation took 2 months. It took about 40 days from the lows for bitcoin to reach a new ATH of 112k.
In 2021 a move from 60 to 30k took only 20 days - that was a 50% crash! The consolidation again lasted 2 months and it took around 30 days for the price to reach a new high.
These moves are completely normal for bitcoin and have happened before, yet everyone acts surprised.
alpha_2021Member
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#5Nov 24, 2021, 08:55 AM
You don't need to know any criteria for the price of Bitcoin to go back to the price it comes from. Dust your bags and take your eyes out off the market noise. Stick to your goals of investment and this is not the time when you have to be asking plenty questions to reduce your confidence in the future trend of Bitcoin. Remember that price will fall and it will also rise so when it is time to fall, stick to your basket and don't let it fall. When the price goes up that is when you can check if your goal is accomplished or need a little time.
It'll likely get there and go past (almost certainly) the question is when...
Those people saying we're I a bear market now, can be right but they don't have to be. I'm not sure if we'll see a double top similar to 2021, but that's possible. Equally, it's also possible we drop down to $60k/$40k next year and start the next bull run in a few years.
No, it will not, it will go to zero (pun intended). Of course, but market needs confidence and to get that back it really needs some volume. Liquidity is probably the main criteria if we really want to get back $100k. Probably next year considering there's a hint of stimulus check and QT ending and QE bwck is in the talks for quiet some time now, it's definitely a bullish take to digest.
SilentGuruSenior Member
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#8Nov 26, 2021, 01:22 AM
The next major event might be FOMC announcement. We will see whether there will be rate cut as of now people are predicting that there won't be any, could be the reason for the current dump and market pricing in earlier than the event taking place.
There are also job report as well. So the price kinda depends to these factors.
cryptolordFull Member
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#9Nov 26, 2021, 05:08 AM
There's no need to mention $100k, Bitcoin could even bounce back to its all-time high or even exceed it. It just takes time for Bitcoin to recover. If investors are ready to re-enter, we'll see the price of Bitcoin begin to rise again as demand and market confidence increase.
While it may seem difficult right now, it's possible that Bitcoin will return to its all-time high or even higher. The most important thing is to be patient and not panic amidst this market volatility.
To be fair, no one knows what will happen next but I have a contrary prediction to you, I believe we will soon be back above $100k in the coming days. But that doesn't mean bitcoin can continue to go higher and hit $120k or $126k or a new ATH after that. I no longer expect bitcoin to hit $130k or $150k this cycle and the bear season is coming.
Not investment advice, but I think people who don't want to hold bitcoin for another 4 years and want to buy bitcoin at a better discount. If bitcoin can get back to $100k, then it will be a good opportunity to sell.
CalmLedgerSenior Member
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#11Nov 28, 2021, 01:10 AM
Bitcoin will be back to $100k and it will be more than $125k. No one knows about that and we can only wait. Bitcoin will go up and down because that is its nature. Many people buy and sell at any price and make a profit but those who can't get the right time to buy and sell will difficult to profit.
Bad news can cause prices to fall because people may panic without thinking much. Rather than panic, you should calm down, still accumulate Bitcoin and if Bitcoin back to $100k in the next month or next year, you already have Bitcoin and you will make a profit.
The numbers you mentioned are just a healthy correction of bitcoin. But what guarantees this is another healthy correction and not a sign of a bear market? Because if a bear market happens, we will have to wait longer and possibly years, before bitcoin can rise again and surpass $100k.
I think people who are worried and hoping bitcoin will rise back above $100k like OP. They are simply afraid that the market will enter a bear market, not because they are worried about the price going down or afraid that Bitcoin will never return to $100k. In other words, they fear bear season will come earlier than expected.
alex.shardLegendary
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#13Nov 28, 2021, 09:30 AM
This is November of 2025 but bitcoin price has been increasing since January 2023. That makes it almost 3 years that bitcoin price has been increasing. If bear market begin at this time, it is not too early at all. I will say it is even getting late like some people were thinking already that there will not be any bear market.
alex.shardLegendary
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#14Nov 28, 2021, 07:03 PM
This is November of 2025 but bitcoin price has been increasing since January 2023. That makes it almost 3 years that bitcoin price has been increasing. If bear market begin at this time, it is not too early at all. I will say it is even getting late like some people were thinking already that there will not be any bear market.
Right now, it's really hard to predict what could happen in the market in the following weeks. Q4 has been a bullish quarter for the crypto market in the past, but these 2 months really disappointed me, and many here as well for sure.
I still believe that we might see a "relief bounce" at the $100,000 then after that, we will continue to go down from there. I don't think that we will be seeing Bitcoin go to even higher ATH this bull run season. What could be the criteria for Bitcoin to go back to $100,000? Many, but mostly macroeconomic or fundamentals. Also, net inflows could be one as well. What's holding it to rise? Fear around the market, net outflows on Bitcoin Spot ETFs, investors getting scared hence, selling their Bitcoin holdings, and many more.
Sometimes, hope is one reason why many are losing money. Many are hoping that it will go up high again just like you OP, but in reality, it will not. I'm not saying that I'm accurate on this one, but if Bitcoin will go up, it will be the final one, and I think the peak price of that "FINAL RISE" will be at $100,000 then after that, we will continue to see the market going down entering the bear market season. Only my prediction which is always wrong.
There is no certainty that the Feds will cut or maintain the current rate. Last month, speculations that there would be a cut were high but it has dropped drastically this month due to some reasons. Inflation seems not to have reduced, and the government lockdown has affected the economy. These days ETF inflows plays important role on how the market will turn out. If the Feds maintains interest, we might not see a high inflow that will shoot up Bitcoin price.
vip3r_minerMember
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#17Nov 30, 2021, 10:22 PM
True, I remember yesterday when bitcoin almost break out above $96k but can't existing for longer time before break down under $89k and its most lower price of bitcoin. I am not pessimistic with bitcoin will break out and bounce back to $100k regarding how drastically dump and recovery moment always come at the right moment if all bad news gone and good news appear. Nowadays many people on panic moment to sell bitcoin or altcoin assets, just recovering few percent most of them already to sell due panic moment bitcoin will get dump again. Its happening in last few days and make bitcoin difficult break out above $100k.
No body can't predict as well as how bitcoin price raise up $100k or keep going down, however if have much money you must buy back and accumulate around 30% each have dip price but I will all in to buy bitcoin right now if have much capital.
ledger_protoFull Member
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#18Dec 1, 2021, 12:11 AM
Expectations for a Fed rate cut in December suddenly dropped to 45% after the October FOMC meeting minutes were released yesterday. Accordingly, the Fed is internally divided and most members believe that the Fed should not continue to cut interest rates in December and is not necessary. In particular, the Fed is divided and hesitant to cut interest rates because of a lack of data due to the government shutdown, not because inflation is not falling.
Therefore, we need to wait for this month's CPI and non-farm reports to be released. Only then will we know whether the Fed will cut interest rates or not.
Overall, there is still a chance the Fed will cut rates if November CPI is better than expected.
Also don't forget they are ending QT in December which is also positive news but it seems people don't remember. In my opinion, bitcoin still has a chance to recover to $100k.
Yes, Bitcoin will return to its original price. Although there are currently no signs of recovery, increasing interest from institutional investors, regulatory support, and a decreasing supply of Bitcoin in the market could push the price of Bitcoin higher. You don't need to worry about current market conditions, even if the value falls further, it is an opportunity to increase the number of assets at a cheaper price. Bitcoin has proven its resilience in situations like this, even when major storms hit the Bitcoin market such as negative issues and Covid-19 which resulted in the collapse of the global economy, Bitcoin was able to recover and return to record highs, so be patient and just wait for the next bubble.
t0ny.vectorSenior Member
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#20Dec 2, 2021, 10:08 AM
Bitcoin price has dropped a lot but now it is showing a tendency to enter the high again. Since the market entered at $89k, many were disappointed, but the market is now trying to stabilize a bit, if the market moves a little better this week, it is possible to reach $100k. Moreover, the market is likely to reach a good high by the end of this year, but if the price of Bitcoin touches $100k this month, then we can expect more. It may take some time for the market to fully recover, but I think the market is likely to run into a good position again in the last week or next month