Quote from: Distinctin on Today at 06:34:51 AM

Quote from: Husires on February 09, 2021, 05:51:26 PM

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more.

The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time.

No way. I mean, we can take nothing for sure in the markets but I think reaching $100k is far more likely than a correction soon. We have high demand from institutions and also some retail investors, reduced supply (halving and people withdrawing from exchanges) and also massive printing, so the price has to go up. Also, in this quarter we are going to see more companies announcing that they bought Bitcoin in the first quarter, fuelling FOMO. Those are my reasons, I do not base them on a hunch.