Post
Topic
Board Speculation
Re: Btc $100k prediction by eoy
by
19Nov16
on 02/11/2021, 09:14:49 UTC
For now you can hope for the best, in the short term you can expect a small correction, but in the long term things are looking very good.

It does look reasonably likely that BTC will hit $100k this year. The question really though is whether it will hit $100k and bounce straight back down, or whether it will break through and hold above that threshold.
Big round numbers often cause a problem, I would think there's a good chance that if BTC hits $100k it will correct downwards very quickly. Long-term I'm very confident the price will be above $100k... I'm just not convinced that we'll hold above it the first time we break through.

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.

This is normal, and when we feel we are getting a big profit then selling is a good option, there will always be an opportunity to buy at a low price so that we can get the maximum profit, if we look at the current trend then I am optimistic that the bitcoin price will not go below $50k.