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.
Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.
Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.
Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.
No, it is not as easy as it sounds when we are speaking about it. The market doesn't always move the way we think about it or we want it to, it often changes its direction based on events and sentiments of the buyers and sellers combined. Right now, the price is in correction mode and a bit stable too, so the chances are more that we will see a drop from here.
If you talk about the price value of Bitcoin eventually, we all know that it has got the potential to cross that mark some day in the future, but there is basically no guarantee as to when that is going to happen.