Quote from: fullhdpixel on Today at 10:59:23 AM

Quote from: Unbunplease on July 29, 2023, 05:13:12 PM

Quote from: aylabadia05 on July 29, 2023, 04:25:29 PM

The answer is Bitcoins. I like that you have tried to answer well why it should be Bitcoin. It's a coin that's always better to hold onto over the long term.

$100k new ATH price prediction and many will agree on that price. By the way, you don't look like a beginner anymore because your thinking is like a senior in providing Bitcoin price analysis.
How confident are you about the next ATH price because Standard Chartered has changed its Bitcoin price prediction from $100k to $120k next year.

100,000 dollars is a magnet. However, will the bitcoin price overcome this mark? Personally, I think bitcoin's new ATH in 2024-2025 could be in the 80000-90000 range, and when everyone is waiting for 100000, bitcoin's price may start to decline to trap everyone again.

That is exactly what I think as well. I know that Bitcoin has got the potential to even cross $100k, but it just doesn't feel like it's time for that to happen. I know a lot of people have been speculating about the price of Bitcoin going beyond that target since the last time it touched $69k when most of them were expecting it to go above that range but it trapped a lot of retail investors and crashed right from there, and those who invested then are still waiting for the price to reach there.

I believe something similar might happen this time again, people will be thinking that the price will go very high this time but it might become a trap again for a lot of retail investors leaving them hanging if they buy around the peak like last time, so everyone needs to be very vigilant and sell if they see a decline after the price reaches the peak.

$100k is not a prediction of this bull season, I mean, people predicted bitcoin to hit $100k in bull season in 2021, but in the end, bitcoin only hit $69,000 and bear season arrived. So the $100k target continues to be expected into the next bull season, but this time things look easier as bitcoin's old ATH is already very close to $100k. I have a more bullish thought, even bitcoin will hit the $120k mark in the next cycle, not just a modest $100k like many others.

Why don't you think that the trap will be more perfect when people sell bitcoin for $100k and bitcoin keeps going up, people will fall into the Fomo trap and buy at a higher price?