I'm sure that the price of Bitcoin will reach $ 100K, the problem is that the time occurs $ 100K, it seems like it is not in the present year, it may take another year or 2 years, in general the price of Bitcoin will continue to rise because the number of users increases, of course this makes us Optimistic and of course always be patient.
The important factor for the 100k is the bottom of this market. If it goes as low as previous cycle bottom of $3200, I wont expect anything different in the next bull but if we can stay above 12k in this bear, I will expect the reversal to find a comfortable price above 20k. 20k is comfortable price for a bull market to shoot beyond 100k. I also hope the recession/economic problem is over by 2024 and the next halving.
I think otherwise though, I mean if we go like $3200, I will assume that this is a perfect opportunity for us to buy cheap bitcoin and so everyone will be buying at that time that will push the price higher.
At the current sentiment, I do not think Bitcoin is bound to go to $3200. I believe Bitcoin is forming a support resistance on $20k so it is more likely for Bitcoin to push more relief rally in the coming days. Though it would be great to buy at that price range.
And when the eventually bull run arrives, then $100k will just be the beginning. And that could be the first time that we will see a massive bull run in the x number of returns. So I will not be nervous in the price goes down to that level. And we will love to see the price finally hitting the 6 digit, it will be the first time.
Definitely, I believe Bitcoin is bound to pass thru $100k. Just look at the number of people adopted Bitcoin, there are still lots of investment to come in from people who hasn't been tapped by bitcoin market.