Post
Topic
Board Speculation
Re: Will BTC reach $100,000 in December?
by
add1ct3dd
on 21/10/2021, 16:59:31 UTC
bitcoin is a bit bearish now after a very high pump from $66k down to $62k in a few hours. we can share this with every market if bitcoin is back in the red zone with a decline rate of 4.43%. maybe bitcoin will stay at $62k or continue to fall at $60k and vice versa maybe return to normal at $66k.
You cannot expect market to remain at the peak price levels all the times once it has reached there. People might have started book profits which must be one of the reason why we have slight downfall after every rally. So, we may ignore that 4.43% decline now and may assume that we are still into bullish mode. Only breaking the support levels will lead us to think about start of bearish trend.

As of now, we are still into bullish trend hence getting into $100,000 level is still possible. It may happen even within November month also as speculation of arrival of FOMO is getting intensified on crypto space right now.