Quote from: Rasa nanas on October 21, 2021, 05:16:23 PM

Quote from: Weng simok on October 21, 2021, 04:00:36 PM

I predict the same thing, investors are waiting for the price of bitcoin to break through $100k after that they will sell in very large quantities, so they can buy again when the price starts to correct. just like yesterday when the market broke through $62k, investors were racing to sell the asset so the market crashed at a very low price.

so you mean the upper limit on the bull run trend this time is $100k ?
I think it is not easy to estimate the upper and lower limits because even if the bitcoin price reaches $100k if there is no FUD the price may continue to move up. even after a sharp decline there is no guarantee that prices will recover quickly like this year because it is possible that the price decline that occurred in 2018 will happen again.

Maybe we can reach 6 digits and that alone is a good upper limit because it will take years before we can get into $1 million price.

And we all know how volatile bitcoin price is, even if there is FUD or absence of it, the price will continue to go sideways, up/down, that's how the market reacts. So it's better to wait till the end of the year to better measure what will be the market in 2022, will it repeat the 2018 bear?