Post
Topic
Board Trading Discussion
Re: Bitcoin is expected to reach the heights.
by
rexxarofmoknathal
on 02/08/2020, 11:54:09 UTC
Bitcoin is expected to reach the heights of $100K. Also, Bitcoin's price surged after the first halving event. How realistic it is? Read more
https://coinpedia.org/news/bitcoin-reaching-100k-is-conservative-samson-mow/


The energy this article gives you once you read through it is that if you haven't bought BTC then you should or you'll be missing out soon. The truth of the matter is that this is speculative and at best over-optimistic.

The halving event didn't have such an immediate impact on the price and if anything maybe the uptrend we've just seen for the past 48h is related to that but there's no hard evidence for this.

However, for the price to reach a new ATH we need to increase adoption, and other big events like these must occur. BTC and others won't be jumping at least not in the long run if this is uptrend is whale-made.