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.
The market is moving sideways at this moment. There is nothing to worry about. Since there is no negative news and no negative impact right now, I don't see the market going down at this moment. The investors probably spectating the market situation. Whoever had to sell their Bitcoin at the 90K price range will sell their Bitcoin. Bitcoin will start accumulating once again and I hope one more push will reach the 100K.
But if the market starts correcting, probably we can go below 70K as well. Nobody thought Bitcoin would reach 54K once it broke the previous ATH of 69K. But it did. So, expect the price lower than 70K if something bad happens in the future.
We are seeing Bitcoin at a stable level now, as it has been around 90K for the last 5 days, it can go either way, up or down. But since we don't have any negative news for Bitcoin, maybe Bitcoin won't dump, and it could be pumping very soon, and this pump could make Bitcoin pass $100K.
And yes I agree with you that it could go below $70K once the market turns bad, but there's no danger of the market going down right now, so it may not go down.
And that is the amazing part, I mean after the huge FOMO that pushes it to $93k, there could be chances that it will go down hard. But it didn't as we are again in the $90k'ish region. So the sentiments are very bullish by nature and I do not see that it will go down hard, unless there is a negative news. And I do agree that once Trump sits in the White House official in January we might be by that time around $100k or higher already. So it's too big to fall and the $60k-$70k won't be touch so that is too bad for those who was not able to buy at the price as we have been giving a lot of chance before.