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100k Bitcoin -- What's Next?

Bitcoin just hit 100k, whats the next target?

Don't Panic!!

Let's get straight to the point: Bitcoin is due for a correction. I'm expecting a 15-25% pullback, and here's why you shouldn't be worried about it.

First things first: Don't sell. If you've been in crypto for any reasonable amount of time, you know these drawdowns are part of the journey. Selling Bitcoin has never been a good financial decision in the long run, and I don't think this time is any different.

Current Situation

I believe we've seen the local top at $104,000. While we might see a final wick up to $110,000, all technical indicators suggest we need a healthy correction and consolidation period. My analysis points to a potential quick drop to the $77,000-80,000 range to fill the CME gap, though I expect most of the price action to stay above $90,000.

For perspective, remember what happened earlier this year: Bitcoin blasted through it's previous all-time-high and hit $74,000 in March. At that point, holders were more ready than ever to hit $80,000, $90,000, $100,000, and just keep going. But it took months of consolidation and correction, with $BTC even trading below $50,000 in August for a roughly 35% drop from the top. That consolidation period was necessary and healthy – it built the foundation for our recent explosive move to $105,000. Markets don't go up in straight lines, and these periods of consolidation are crucial for sustainable growth.

Price Targets and Entry Points

Here's the mindset I will keep while buying over the next few months:

  • Below $90,000 is a good price
  • Below $80,000 is a steal
  • But here's the truth: $104,000 is not a bad price, and in fact is a very good price in the long run (which should be your intended holding period).

The worst thing you could do is wait and wait and wait to try to catch the bottom and the best possible price, only to get left in the dust. If you want to take the wisest route; buy some at each price level (DCA).

Navigating the Correction

When this correction happens – and it will – many people will panic. You'll see fear in the markets, dramatic headlines, and plenty of doom predictions. My advice? Ignore the fog and panic. Keep a clear vision and understanding of what Bitcoin is and what it means for the long run.

What I expect to see is market makers causing Bitcoin to chop between $90,000 and $110,000 for a while, creating confusion among retail investors. This choppy action serves to shake out weak hands and allow for proper consolidation before the next leg up. It's a classic pattern we've seen before – the market rarely gives clear signals when major moves are about to happen.

Remember: corrections are normal and healthy. They shake out leverage, reset market expectations, and build stronger foundations for the next move up.

2025 Outlook

After this consolidation phase, I see Bitcoin making a push toward $120,000-130,000. This move will likely come after sufficient accumulation in the $90,000-110,000 range, when retail traders have become exhausted from the choppy price action.

Why am I so confident? Because Bitcoin's fundamentals haven't changed. If anything, they're stronger than ever. The recent price action to $100,000+ has proven that Bitcoin will continue to perform in spite of all the FUD (Fear, Uncertainty, Doubt).

In addition to these fundamentals, we are actively seeing game theory play out. Regardless of your political opinions, there are proposed policies in the hopper about Bitcoin being adopted as a strategic reserve asset in 2025, with the US looking to acquire 1 million $BTC minimum (Just under 5% of the total supply). If the US were to do this, it is certain that other countries would also begin to implement similar policies, potentially even trying to front-run the US and acquire Bitcoin before the US does. It would be wise for any and every country to do this. Even if the US didn't do that, history has never been merciful to societies with bad money...

Final Thoughts

The journey to six figures hasn't been easy, and the path forward will have its challenges. But here's what matters: understanding what you hold and why you hold it. When you have that clarity, these 15-25% corrections become opportunities rather than threats.

Stay focused on the bigger picture. While others panic during the pullback, remember that we've seen this movie before. The only difference is that now we're playing at higher price levels – something that will likely seem small in comparison to where we're headed.

Personally, I anticipated this blast through 100k as a short squeeze (since shorting at 100k seems like an obvious move).

If you don't know what a short squeeze is, its essentially when people with disproportionate influence on the market (market makers) drive the price of an asset up to liquidate short positions

For full transparency: I won't be selling my spot Bitcoin for at least 15 years. I held my Bitcoin derivative long positions all the way through 100k to 105k in anticipation of this short squeeze, and now hold a short position on Bitcoin despite my unfathomably bullish opinions about it.

Note: This article is for informational purposes only and should not be considered financial advice. All investments carry risk, and past performance does not guarantee future results.