Quote from: dimonstration on March 11, 2024, 02:02:21 PM

Quote from: btc78 on March 11, 2024, 01:47:04 PM

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

I really doubt that. There’s always traders that will take profit in every significant prices now that the current price is already the new ATH. This will be the real psychological battle since traders that still holds is watching the price carefully now for a possible market crash while those new traders that is just hype and FOMO are the that keeps buying on the current price.

It’s better to have a price correction every time Bitcoin will reach new record high rather than it will continue pumping then later on most of the trader sell off at the same time that will create panic and chain reaction. I don’t see the price will hit straight 100K but rather a volatile up and down then sideways to slowly print new ATH.

Well, I think the price correction looks like it will end now, because from what I see, there will be another rally before the actual halving event arrives 13 days from now. And a few months will pass again to have a correction again, for sure.

So right now we are buying moment first, and I can see in the chart of the price reversal for the new trend rally these few days from now. I can see something based on my analysis that is noticed in the graph.