Quote from: batang_bitcoin on October 29, 2021, 06:52:17 PM

Quote from: Finestream on October 29, 2021, 07:41:09 AM

Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.

We have seen a lot of times that bitcoin moved a lot within short range of time. But there's also fact in what you've said that it might not break $100k by the end of this year.
It doesn't matter whether it will or not, as long as I wish to see that it goes stable from $50k-$60k and it will no longer drop at that price because that price range is good as stable and comfort. Well, this is bitcoin that's highly volatile at most times.

Establishing a good barrier is better instead of trying to jump high and quickly dumped down, investors trust will be test once again, correction is always present and if bitcoin will manage to keep from the range that you are saying, expect that there are more investors who will start placing their money to this market, a good market run that will keep the value to stay close from the last time high will build trust to newcomers.