Since April 22, Bitcoin's been bouncing between $91,500 and $94,500, and a lot of folks are keeping a close eye on it. Traders seem pretty uncertain and are struggling to guess where it's headed next. I can't help but wonder if this price consolidation will wrap up this week and maybe we’ll see it break past $95k.
What do you all think? Is it likely to push through that $95,000 resistance in the next few days?
If you are making post about bitcoin price prediction, you can post it on speciation board instead.
The price is hard to predict within a short time, but definitely bitcoin is still going above $100000 and not just $95000 but anyone that take up or down side now is only guessing.
You can DCA in time like this.
It's hard to say for sure, but it feels like something we've all been waiting for is building up. The price has been fluctuating for a while now, but i think if it breaks above $95k with strong volume, it could be a great sign and we might see a solid move up. But we all know the market loves to surprise us, so for now we wait,no rushing in.
As you said that traders find it difficult to predict the next movement it determines that we don't know what's going to happen so we can't be so sure if this price mark will get hit by Bitcoin by this week.
There's still a great possibilities that it will happen since somehow Bitcoin is showing a bullish movement these past few days. But I really don't care if it cross to that price or not since my main focus for now is to buy Bitcoin and hold it. Trading for short term with Bitcoin is not in my sight since I always think that this is just small movement and there's provably more to get if we just have patience to deal with Bitcoin for long term.
In general I think like you, ultrloa, but after the last dip well below the 80k range, some people can feel tempted to take some profits as the price is approaching to the 100k again, for fear that it will fall again if it does not overcome that resistance.
We've always seen in the past cases of people trying to time the market and selling low, buying high... in the end, the best strategy has always been to hold, but, as you said, we don't know what's going to happen next, so everyone makes the decisions they have to make.
Hard to say with certainty, but the current consolidation does feel like its building toward a breakout. If volume picks up and macro conditions stay stable, I wouldnt be surprised to see Bitcoin test and possibly push past the $95k resistance soon. Still, its Bitcoin so anything can happen fast.
Prior to this current price, we've seen Bitcoin fluctuate around $80-85 for a while before we saw upward movement so what I'm trying to say that is that Bitcoin is still shaky and trying to find a balance so at the moment we can't make an accurate prediction on where it will end or if it will break through the $95k resistance.
Personally, I believe we will see more highs for Bitcoin but not in this April since the best price I've seen is $94,220 as at time of writing, probably we'd begin to see price corrections from next month.
I think the time frame for DCAing has passed. If you wanted to buy some bitcoins, you should have taken advantage of when the price was at $76k or something. That way, you could have already made profit even before bitcoin reached $100k again. By now, we should be happy and content with the coins we are holding and we should just wait for when the price hits the maximum target we have for our coins. This is just my opinion of course and if you feel that even with such a high price, DCA is still a smart strategy then by all means you should do that.
Not everyone has the high amount of money to invest at once. When bitcoin fall below $80000, some people may not have the amount of money they wish to use to invest in bitcoin.
Even some people may have it but it may not be part of their budget for bitcoin investment.
There is no wrong time to DCA as long as bitcoin price will later increase back.
You can buy bitcoin at any price level, especially when you're talking about DCA because that's what DCA stands fot buying irregardless of the price of bitcoin at that moment. If you don't have money to buy and you are ok with the ones that you have accumulated, that's fine. However, you don't need to say that the time has passed for people to buy because the market is open for all to buy and sell at anytime.
Nobody knows when the price of bitcoin will hit 95k, but if you continue buying at this price wjen bitcoin will hit six digits, you will be in profits. I hope to see 100k price and above soon, which makes me believe on my regular DCA.
Bitcoin going above $95,000 will depend on certain political and economic factors. An end to the war in Ukraine and other conflicts in the Middle East will be good for the market. Also, a nuclear deal between Iran and the US will reduce global political instability.
Economically, an end to the tariff war between the US and other nations will help stabilize the global economy. The reduction of interest rates by the FEDs will also contribute to the Bitcoin price increase. Investors might start investing outside safe haven assets if interest rate is reduced.
Other unforeseen circumstances could lead to an increase or decrease in Bitcoin price.
even the sharpest traders dont know. They are negotiating uncertainty exactly like you are, except with less sleep and more dashboards.
The $95K line loads a lot of memory. Those who made buys recently are seeing that number and considering, "if it hits 95, I'm out". Thus, rather than a breakout, we can experience a wave of sell pressure when BTC contacts it. But institutional purchasers aren't pulling back, so the reason it keeps crawling back near that zone is also related. The ETFs are stacking. The whales are returning to accumulate. That's true. It's what previous bull traps didn't show us.
Can BTC bust $95K this week? Perhaps. But will it? Only if more cash keep arriving and the leveraged longs remain calm will this be true. The breakout could be halted and we could go into another crab pattern or even a liquidation event if ETF flows decrease or bad macro headlines (such as the DXY strengthening or Fed hawkish noise) are reported.
Maintaining emotional agility, keep a strategy for both results. Neither the moonshot nor the doom spiral should be married.
As of the time of this reply, BTC is at $95,276. But from observation of the charts on a 4-hour timeframe, an "M" formation looks to be forming, and there is an FVG 91k-81k range; the market will short to first fill that gap before heading back up.
We all can just speculate about what price might be in just few days, but no one is actually sure about it. The fact that bitcoin is on the move to the upside is something to tell us that price may continue to that direction or just still, move down a bit more to cover the imbalance it's left behind by the recent push. Just have in mind that bitcoin has resumed it's up trend, so it might take it's time to break through those resistance levels but yea, it will break above them sooner than expected.
Lol, as I was typing I just got a notification from my trading platform that BTC broke above $95k.. so yea, we will see more push to the upside.
It can break it today, and I mean break it clearly, going thousands up past that mark, because I know it has already broken it slightly as has been commented. Since we don't have a crystal ball, at least not one that works to predict the future, we can't know exactly but I am very bullish for the year. There is a lot of buying demand to hold for the long term, and that can only result in a price rise. We have yet to see the real bull run.
Indeed, market movements are almost entirely dependent on economic and political conditions, and all of which are beyond our control. Therefore, it is pointless to make predictions based only on our expectations and ignore the factors that actually determine the direction of the market.
How can Bitcoin continue to grow and surpass $100,000 if the tariff war suddenly escalates, war news hits the market...? Bitcoin will not increase just because of our expectations.
Today BTC has touched the price of $ 95K and yes we might see something more amazing if it passes $ 96- $ 97 this week, if it is closed there then $ 100k will be very wide open in the future and we will stand closer to ATH which can be touched again by Bitcoin, reportedly the Exchange Stock is starting to thin out because many BTC's gains.
BTC's request is not only from retail but from the institutions who began to gradually touch BTC from day to day.
Its highly possible because Bitcoin is always strong after reaching the 90,000$ level. It will quickly pump to the nearest round up number before it can experience again an indecision phase.
Typically, the mid range resistance is easy to break like the 95K level. I think 97k to 99K is will be the hardest resistance for Bitcoin compared to 95K.
Bitcoin is moving in opposite to global market so I will trade safely and avoid future.
Its moving past 95k already. From what I heard on speculators, it will reach up to 135k meaning at some point it will be more than 95k soon if what they are saying is true.
Its a sign that we may really be in another bull run. Just being optimistic this time Once it breaks that resistance they say resistance is going to turn into a support after it.
This week You should have written this morning. Bitcoin is on a tear. So much buying from so many different large entities. Still no United States government confirmation theyre holding any. Still not word (as far as I know) that GameStop bought I think were headed to new highs in May. Then again in June, July, August, and September. Buckle up.