{"id":19918,"date":"2024-11-12T15:44:32","date_gmt":"2024-11-12T15:44:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19918"},"modified":"2024-11-12T15:44:32","modified_gmt":"2024-11-12T15:44:32","slug":"will-btc-hit-100k-this-week-when-will-bitcoin-price-hit-100k","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19918","title":{"rendered":"Will BTC Hit 100k This Week? When Will Bitcoin Price Hit 100K?"},"content":{"rendered":"

When will Bitcoin hit 100K? When will BTC hit 100k?\u00a0I don\u2019t think you guys realize how undervalued the Bitcoin price is right now. BTC is about to flip gold<\/a> in 2025.<\/p>\n

Right now, the majority of US investors are:<\/p>\n

Underexposed to Bitcoin (New Pew study<\/a> shows majority of Americans aren\u2019t confident in the safety of crypto)
\nParalyzed by psychological roadblocks, they can\u2019t pull the trigger on $85k BTC, setting the stage for a FOMO frenzy
\nConvinced 90k is the top, but we\u2019ve just hit 80k in 4 candles<\/p>\n

100k Bitcoin is the greatest marketing tool since 10k. It would help if you realized that when Trump got elected president the first time, 1 bitcoin was worth $400\u2026<\/p>\n

100k is so close that it won\u2019t even feel like anything special. We\u2019ll pop it like nothing.<\/p>\n

So here\u2019s where the <\/p>\n

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price is going after $100k.<\/p>\n

Bitcoin Price to 100k: Variables to Consider<\/h2>\n

(theblock<\/a>)<\/p>\n

We run a popular YouTube channel<\/a> here at 99Bitcoins, and it has not been an easy year for views.<\/p>\n

Despite a Donald Trump victory and $100k on the cusp, views still aren\u2019t popping for most crypto YouTube channels. Instead, the run-up to the Bitcoin halving in April still had more hype than anything happening now.<\/p>\n

With the FTX scandal still fresh in everyone\u2019s minds, many retail investors are hesitant to invest in cryptocurrency again.<\/p>\n

Is retail starting to wake up <\/p>\n

Google search trends for “Bitcoin”. pic.twitter.com\/VhIPx92ia5<\/a><\/p>\n

\u2014 Coin Bureau (@coinbureau) November 8, 2024<\/a><\/p>\n\n

As seen in a conversation on Reddit\u2019s r\/Buttcoin: \u201cYou\u2019re telling me an internet token which does functionally nothing, is worth more than Google, Amazon, or Facebook whom literally affect every person on earth is some way.\u201d<\/strong><\/p>\n

If we could respond to that guy: \u2018Yes, we\u2019re saying the best store of value cryptographically secure deflationary hard currency mankind has ever created will keep going up forever, and there is nothing a nocoiner like yourself can do about it.\u2019<\/em><\/p>\n

The upshot is that retail is lagging into this bull run, meaning we\u2019re only getting started. According to Google metrics<\/a>, interest in BTC isn\u2019t close to 2020 or 2017, so the normie money will probably go to the altcoin and meme coin market.<\/p>\n

Now that institutional money is gobbling Bitcoin, they will more than likely try to see BTC before 100k and buy solid alts like SOL, SUI, and ETH.<\/p>\n

What will pump more, then? Normie money on meme coins or institutional money on bluechip alerts? We\u2019ll see.<\/p>\n

When Are We Going to Take Profits On Bitcoin & Alts?<\/h2>\n\n

It\u2019s not a popular subject, but I think it\u2019s time we discuss taking profits on your digital assets. Not because they aren\u2019t going up but because everyone should have an exit strategy.<\/p>\n

There are a few popular tools for taking profits like Invest Answers \u2018IA Profit Taking Model<\/a>\u2018, but here are a few easy strategies:<\/p>\n

Profit Target:<\/strong> One of the most common ways to exit an altcoin trade is to have a profit target. For example, if you purchase Polkadot at $5.29, you may decide to take profits at $30. You can put in a sell order at $30 and wait for the price to hit your sell order target.
\n<\/strong>Sell Signals: <\/strong>Several websites<\/a> offer buy and sell signals for various assets, including altcoins. You may want to consider selling if you see a sell signal across multiple time frames.
\n\u00a0TA:\u00a0<\/strong> You can also use technical indicators such as the 200-day moving average to determine when to sell your altcoins. For instance, if an altcoin falls below the 200-day moving average, it could be time to sell.<\/p>\n

(X<\/a>)<\/p>\n

That said, the crypto industry essentially bought out this election, another reason why $100k is a pit stop, not the destination.<\/p>\n

A Trump presidency could see us hit half a million. Kamala was not a candidate for someone with such a personal stake in crypto as Trump does, who spoke at BTC Nashville and promised to create a Bitcoin Strategic Reserve<\/a>.<\/p>\n

Do crypto bros have too much power? Well, they just determined the fate of the most powerful country in the world. A major portion of the US elections was decided based almost solely on crypto wealth.<\/p>\n

DISCOVER: How to Buy Bitcoin With PayPal?<\/a><\/strong><\/p>\n

The Road Ahead For the Bitcoin Price<\/h2>\n

\u201cWith Donald Trump becoming President I think it\u2019s extremely positive for our industry. Not just on a US level but because the US has the biggest securities market and many countries follow what the US does in relation to securities.\u201d \u2013 Sergey Nazarov, Chainlink<\/p>\n

As we said, Trump\u2019s presidency is shaking up more than just Bitcoin\u2019s price tags. The GOP\u2019s stronghold over Congress is seen as a golden ticket for the industry, branded\u00a0by some\u00a0<\/a>as the most crypto-enthusiastic Congress we\u2019ve seen.<\/p>\n

This political pivot could usher in a wave of regulations that roll out the red carpet for blockchain pioneers.<\/p>\n

Trump is in his second term at this point. He doesn\u2019t have to hold back anymore.<\/span><\/p>\n

We\u2019re about to see an unleashed Trump who is also working with Elon Musk, RFK Jr. (spoke at BTC Nashville<\/a>), Vivek Ramaswamy, JD Vance, Tulsi Gabbard, and 250 pro-crypto senators.<\/p>\n

You\u2019re not being logical if you think $100k is the goal.<\/p>\n

EXPLORE:\u00a0Justin Drake From The Ethereum Foundation Proposes New \u2018Beam Chain\u2019 Upgrade: Ethereum 3.0 Inbound?<\/a>
\n<\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

The post Will BTC Hit 100k This Week? When Will Bitcoin Price Hit 100K?<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

When will Bitcoin hit 100K? When will BTC hit 100k?\u00a0I don\u2019t think you guys realize how undervalued the Bitcoin price is right now. BTC is about to flip gold in 2025. Right now, the majority of US investors are: Underexposed to Bitcoin (New Pew study shows majority of Americans aren\u2019t confident in the safety of […]<\/p>\n","protected":false},"author":0,"featured_media":19919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19918"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19918"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19919"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}