What is the top price that you may think bitcoin will reach this year?
It can be more than that or $52.000 was the high price that can be reached by bitcoin, who knows?
How many bitcoin that you have so far? First of all you have to make a decision for how long you can hold your bitcoin? I mean if you have intention for long term investment then hold it until the high price like $100.000 is reached. Don't ever sell it before the $100.000 hasn't reached yet, although at the current price bitcoin is dropping and touched below $20.000.
I stop asking myself how long should I have to hold co I realize that I wasted a lot of time waiting but instead, I consider the market price as the measurement for me when to sell or remain at hold.
Because when the next bull run comes bitcoin price will increase and pass its all time high $52.000. You have to remember when the all time high was $20.000 and fall to $3500 and its price start increasing. When the all time high has been passed take a look with the price movement, it is really promissing even can touch $52.000. So, when the current all time high has been passed then $100.000 is rational price that can be passed.
We really don't know yet what happened next but the market seems to show a decline which apparently causing panic to some investors. I just thinking how these panic sellers will affect the price as they usually dump their Bitcoin in the case that they saw a sentiment like what we have now.