Quote from: arufox on Today at 02:18:20 PM

Quote from: DanWalker on March 26, 2022, 07:13:52 PM

Quote from: arufox on March 26, 2022, 09:50:56 AM

Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.

Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year.
100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$.

It's not hard for bitcoin to hit the $100k price but it will take a long rally to increase to reach the $100k price target. Moreover, there are not a few experts who do not believe that Bitcoin has long-term potential. Better For us, the most important thing is the performance of bitcoin in 5-10 years, even 20 years. Even if bitcoin performs well in the long term, we still need to pay attention to dealing with uncertainty in the short and long term.

So difficult to know, and for sure anyone investing into bitcoin should attempt to take these kinds of matters into account including that bitcoin remains a pretty damned decent ongoing asymmetric bet... so we cannot really be sure if it might take one month to get to $100k or maybe up to 5 years. Don't call me any kind of bear or pessimist - because even though historically, there is not any point that bitcoin's prices have been lower 4 years after any particular price point, we do not have any guarantee that historical dynamic is going to continue to remain true.

So, yeah, 5-10 years or even 20 years, we have decent chances that bitcoin could be in the $1million to $10million per coin or even higher, and at some point it seems that $100k is going to feel like $10k in the sense that NOT very many people currently believe that getting bitcoin for $10k is any kind of reasonable expectation.. so in that sense the Lindy effect of ongoing moving upwards prices seems to continue - and the 200-week moving average (which is currently nearly $21,500) is a pretty damned decent demonstration of that ongoing movement of BTC prices continues marching in the upwards direction.. and that 200-week moving average has served as a pretty damned decent bottom indicator - and there is no guarantee that it even needs to be touched - though with the passage of time, if BTC prices are nearly 2x higher than the current 200-week moving average price, then we know that the 200-week moving average is continuing to move up.