2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?
If you are talking about the price of Bitcoin at the end of 2023, there is really a slim chance for Bitcoin to break $100k but if we are talking about the years to come, it is not impossible. Many predicts that Bitcoin will break its all time high on 2025, and even speculate that it will go beyond $100k according to their analysis of Bitcoin price cycle and uptrend.
For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.