Quote from: kotajikikox on Today at 05:50:50 AM

Quote from: 100bitcoin on March 11, 2024, 11:18:34 AM

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well it is not enough because the price reached 73k and above from your post and now sitting at 69-71k still and i think we will be topping at 100k before tasting the fall.
now there is a week before Halving means we need to cross that boundary before assuming that 500k and above.

I guess as at the time the post was made, the information was correct as the price of Bitcoin at the time of posting was a new ATH. $100k post halving is definitely a possibility that is not open for debate, the market is already building the momentum for a big move which will definitely not be to the down side. Many people are of the opinion that the halving will not immediately lead to such move but their reasons are not strong enough to deter Bitcoin from soaring upon the confirmation of the halving. At this point, it is pretty difficult knowing the extent to which the rise will go but I am confident it will go above $100k.

I do not see $500k in this current market cycle and it is best we set feasible targets. Bitcoin hitting $500k in this market cycle will mean a X7 rise and this is a stage I think we have passed because it will be practically difficult to realize in the same market cycle now that there are so many active big players. The current market cap of Bitcoin stand at $1.39T, a X7 rise in price will take it to $9.7T, this is unrealistic so I feel such will be possible in the future and not in this current market cycle. Do not forget that Bitcoin have made much of the expected gains already following the ETF approval. We must always consider this a factor when making projections regarding where we expect Bitcoin to be.