Seems like the road to $100k is very rough indeed with how poorly the market price has been, some how it looks like we're never going to see $80k before the end of this month. Is getting to a week and we haven't seen anything positive like heading towards the $70k it was before dropping and we're expecting to see a new ATH anytime soon and that would happen when the price start going up, I think the market price might change in the next 3 days.
If you expect the price of Bitcoin to reach $80k later this month, it seems unlikely to happen. However, the potential for a price increase of up to $100k is still very possible because the halving has not yet started. I think the correction that is happening now is a normal thing to happen as a step towards an even higher increase. Therefore, I am still optimistic that the price of bitcoin has the potential to reach $100k this year.
80k this month ? Im afraid it will ever happen because the roller coaster ride of market is not
showing consistent flow for the market and the investors seems to be not going favoring this target
and also that 100k is surely to be reached but the problem is when will it happen and yes not this
2024, we must not abused what we have done breaking the ATH before halving and that is enough
for all of us to be thankful.
We are just over a week away from the end of March and over the past 5 days we have continuously had negative capital flows into the market from bitcoin ETFs reports. So, expecting bitcoin to reach 80k USD by the end of the month is quite a difficult task for bitcoin, I also think it will be very difficult to achieve that.
and now that we are in Halving month this is the moment of truth , more than
2 weeks before halving so lets see if who are ready to what will happen.
But the goal of 100 thousand USD this year is not too difficult a goal for bitcoin . I still believe we will hit $100k this year and there will be a sharp correction by the end of 2024 . Of course, that is just correction and not a sign of the end of the bull season because the bull season has not really come yet .
even if not taken this year but will surely in the beginning of 2025 we will cross
that 100k finally or even higher if given a better chance (if many of us will add more
from their investments/holding)