Quote from: aylabadia05 on November 15, 2024, 09:42:28 PM

Quote from: Dr.Bitcoin_Strange on November 15, 2024, 03:53:45 PM

I can't see the market performing so well today, I saw it went to $90,675 today but down to 87k. If maybe it performs well this weekend just like last week, that's when we can hope to reach $100k but if the downward movement continues to create new low highs, it could drop more to below $80k.

If bitcoin fails to break through its highest resistance after several attempts, then you are right, the price could fall closer to $80k. I basically don't expect that, but it is part of the risk that cannot be ignored. $93k was the ATH it previously hit, but bitcoin is currently struggling to break that level after briefly correcting to $87k. Currently the price of bitcoin is $91,245 with an increase percentage of 3.8%.

I just really believe that if bitcoin reaches two peaks, then the possibility of failing to break through the ATH becomes greater if it is not supported by increasing demand. If it fails the price will really fall and bitcoin will struggle to recover and find a new ATH next year.

It's almost two days and all we see is a ranging market with repeating chang of characters and it's not certain yet where the market direction will go next because it has not create a new higher height since the last ATH and neither has it created a new low height below $87k which tells me that direction is yet undecided now but if the demand increases, we could still see price spark.