We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.
Bitcoin reaches $72350. It is now at $71490
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?
Do not expect the price to just be going higher. You can see when it reached all-time-high, it fall to $59100. When it reached $70000, it fall to around $62000. The thing is just hold until it get to $100000 even if there is any decline, the increase will be more.
This is the usual price movement pattern in bitcoin all through history, when bitcoin reaches it all time high, it will drop back significantly, but what make Bitcoin all time high different this time os in the new trend that bitcoin is holding on to, as in Bitcoin resistant level is so high that when it did the 72k ATH, it fall back but not down below 70k which Bitcoin recover back quickly which indicates alot of buying pressure, and also a tendency of continues up trend movement.
Just as a few other members have mentioned, Bitcoin building up to 100k may not be speedy, but that is where the price is heading to right now and for that, we may have to acknowledge the fact that, even though there may be instances where the price may decline down a bit, but achieving 100k on the long run is what we are close to at the moment and 100k may become the new all-time high.