However, Bitcoin has shown significant growth over the years, and some analysts and enthusiasts believe it could potentially reach $100,000 or even higher in the future. Market trends, adoption by institutions, regulatory changes, technological advancements, and overall market sentiment can all play a role in its price movement.
Bitcoin ETF was just approved and this bring a new type of Investors into the market which will contribute to the growth of the price of Bitcoin. Many individuals were thinking the approvals of Bitcoin ETF was going to affect the price of Bitcoin instantly but as it didn't happen they're now selling their Bitcoin which is a wrong move. Many individuals bought Bitcoin just for the rumours of Bitcoin ETF being approve so as it has happened they're taking profits.
After they are done taking profits then the price of Bitcoin will start to recover and another pump will come as we get closer to Bitcoin halving. Bitcoin price can get to $100,000 as it almost did it in the last bull run. Many big money investors will buy Bitcoin through Bitcoin ETF and it'll influence the price of Bitcoin on the spot exchange and pump the price to $100,000. The approval of Bitcoin ETF just made Bitcoin reaching $100,000 more realistic.