Post
Topic
Board Speculation
Re: Will BTC reach $100,000 in December?
by
Yaunfitda
on 07/12/2021, 15:20:41 UTC
In my opinion, the price of bitcoin seems difficult to reach $100k in December because after experiencing a decline in the price of the last few weeks, the price of bitcoin is still not showing a significant increase. Therefore, maybe in December the price of bitcoin will only reach $70k especially now that it has entered the end of 2021.
Currently, the value of every bitcoin is at 51.6k USD and we are now experiencing a price correction and hopefully it will go higher this month before this year will end. Yea, you're right $70k is possible this month after the decline we've experienced, that price is a bit fair but 100k USD? That may sound quite impossible for this year, but in the year 2022, it's very possible for bitcoin to reach that milestone.
It's bouncing from $50k-$51k, a good indication that we might be in for a good bounce up to the end of the year.

But we will have to wait, maybe this could be a bull trap (hopefully not).

And we all know that December's historical past is good as it is very bullish, but I doubt that we can reach $100k before the end of 2021. All expectations for a 6 digit is not going to happen. However, it doesn't mean the end of bitcoin, we still have 2022 to look forward and who knows, maybe the first quarter of the year will be very bullish and we might see that milestone.