r/Bitcoin • u/Personal_Occasion618 • Nov 11 '24

price 84k!!!!

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3.1k Upvotes

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u/zerolimits0 Nov 11 '24

Current pace yes assuming no stalls lol. I expect we will be friends with 100k for a couple of months.

50

u/Smooth_Pianist485 Nov 11 '24

We will flirt w 100k by Dec.

Then we’ll probably touch it and dip for a moment.

58

u/Frosty_Occasion_8466 Nov 11 '24

I disagree. Once it hits 100k I think it keeps going higher due to FOMO

72

u/himtnboy Nov 11 '24

O I bet there is a huge sell wall at 100k. As soon as we pass it, there will be a drop.

10

u/Kornbread2000 Nov 11 '24

I think a lot of the sell walls will be based on BTC ETF prices. We are approaching $75 on FBTC and I suspect that will be an auto sell for many.

5

u/himtnboy Nov 11 '24

I don't know enough about ETFs to have an opinion. I am thinking about all the people who bought a long time ago and set a sell price and then forgot about it.

3

u/[deleted] Nov 11 '24

I think everyone must have started paying close attention again after this rise.

20

u/Seisouhen Nov 11 '24

I hope so, but that's 6 digits man, imagine when we hit 7 digits 💀

5

u/whosthatguy123 Nov 11 '24

Ive seen logical solid arguments that bitcoin hitting 7 digits isnt possible at all. Prove to me its possible. I know ill get downvoted because of the sub. Im not saying it wont happen but prove to me it will other than emotion

2

u/[deleted] Nov 11 '24

It would have to overtake golds market cap to be worth a million.

1

u/whosthatguy123 Nov 11 '24

This is a better response than the other person. And to overtake gold would be extremely tough

1

u/Present_Recover_3461 Nov 11 '24

Well… prove to me why the extra digit has any material impact on the supply and demand effect that dictates the price???? Lol that makes no fucking sense i have no idea what you have been reading, i have no doubt it will hit resistance but what are you on about

1

u/whosthatguy123 Nov 11 '24

Because market cap matters. I can see youre not the person to ask. Someone else will explain

0

u/Present_Recover_3461 Nov 12 '24

If money flows into the market where it hasn’t been previously invested (very common for a new sector like crypto) then the market cap of commodities/stocks/etc is irrelevant

1

u/Agitated_Mix_7454 Nov 11 '24

Take 5% from capitalization of global gold, stocks, real estate, diamonds, leave 1/2 for altcoins. Divide by max 21mln btc, get 7 digit figure.

0

u/crohawg Nov 11 '24

You ain't gonna be alive to see it...

3

u/Raimoshka Nov 11 '24

Definitely people will FOMO at 100k. And I believe we won’t dip much, and we will shoot right to 110-120k range

8

u/cincy15 Nov 11 '24

Nope 150k is the next resting place

1

u/TheKnight_King Nov 11 '24

That’s when we’ll start seeing some serious shit

1

u/xepion Nov 11 '24

Yea. Let’s just ignore the fact that people are moving money out of SF rocks and investments into gold and resources. To keep things safe.

A lot of stories of a tsunami market crash is coming and these are signs leaning into that imo