Bitcoin at its current price at $60,555 is too far from its price prediction of $100k by december. With two more months left, i think bitcoin will find it hard to break through from its previous ATH because bitcoin has only maintained its price from $60k-$63k and then goes down again. Though bitcoin is very volatile and unpredictable, but if it could make a big leap from its present price, it could only be $70k-$80k as for this year's prediction. Having $100k will only be visible by next year with or without price correction.
I absolutely agree that there is a good chance we could hit 100k by end of December, that's true. However remember that this is bitcoin we are talking about. We could be 100k by December, or we could be 30k as well. Nothing is guaranteed in this line of work and market is always skeptical about all the moves. We should not be looking to just earn more and more and more all the time, we should also focus on not losing more as well.
There are so many people who ended up making a huge profit over course of years along with big losses as well, maybe overall in profit but they still made a big loss here and there. If we could focus on making less loss, then maybe making less profit by taking little risk would be fine. Wanting 100k that quickly is risky, we should want to stay above 60k instead, that is more reasonable and I would say more realistic at the same time.
Yeah. The Bitcoin market is full of possibilities but we also need to be realistic when we make predictions of the market price because there are that's not possible and I have said it times without number that Bitcoin reaching $100K price range in this year halving market is not possible. Why?
The major player currently uses the retailer investors as their prey and when they feel satisfied one of the Humpback or Whales holders will dump his holding backing it up with fud news and others will follow.