I'm seeing Bitcoin rising to $400,000 before the first quarter of 2025, the bull run this time it will be different from the last one. Bitcoin is $70,000 now the halving have not started, I'm looking at the market that this is the right to buy and hold after the bull run then you sell and make your triple profit.
Well, I was too optimistic about the future of Bitcoin but I never thought it would go that far ( $400,000). Yes, I couldn't imagine how that happens in this current behavior of the investors where the majority are not long-term holders but just more in the short-term. I'm not going to say it is impossible but less possible. And I could say why - it was hard for the price of Bitcoin to reach that when investors are not able to hold tight until its peak because most of the time people are selling their coins when it pumps.
Even the demand increases but weak investors increase as well. These people buy now but sell later. And this will eventually change the momentum of the market.