Post
Topic
Board Bitcoin Discussion
Re: Throwback: Bitcoin was $64k today, a year ago.
by
Strongkored
on 08/12/2022, 07:23:26 UTC
History will repeat itself for sure, but we don't know when. I am sure it will happen in a few years. Bitcoin will again break its multiple ATHs in the near future since this is always happening in bitcoin and it is confirmed when we see the chart, it is almost identical. That is why most experienced traders and long-time holders keep saying that now is the best time to buy and hold bitcoin. Let's see what will happen after the halving of the price that bitcoin could reach at that time.
The cycle always repeats after halving, it will enter a bullish period and BTC will reach the latest ATH after which the market will again enter a bearish period, it's just that last year there were so many predictions that the price could reach $100,000 but it was not achieved so there were those who had not sold it at the highest price last year, I believe that after the 2024 halving Bitcoin will again reach the new ATH, how much is that? don't know. However, those who are patient by continuing to hold it for up to 10 years have seen their BTC increase by hundreds or thousands of percent. always look at history.