Post
Topic
Board Speculation
Re: Are you ready to see Bitcoin at $10 000?
by
Pesona1
on 01/07/2022, 18:02:58 UTC
Based on the theory of cyclicality, then the absolute market bottom comes every 4 years, and at the same time, bitcoin loses about 85% of its value after an explosive bullrun. In this cycle, 85% of the lost value from the last ATH is right at the ~$10,000 mark.
Although the possibility of a price decline of up to $ 10K could occur, but I believe that bitcoin will continue to increase when the negative issues like now end, so I personally would prefer to hold it even though it takes quite a long time,because I believe if bitcoin has strong fundamentals and it will not be difficult for bitcoin to be able to reach its highest price again.