Re: Road to 100k?

We have just witnessed the price of bitcoin hit a historic high of $73k, especially as we are about to enter the bitcoin halving period. Of course, your expectations are reasonable if you look at the history of the previous half. Even if there is a decline of %8 or %10, it is a healthy decline on the way to a higher increase.

so I think anything is possible for Bitcoin after the halving, I wouldn't be surprised if it hit 100k by the end of the year, and I wouldn't be surprised if bitcoin hit 150k. What is clear is that forecasting the short term is not a good idea. If you invest in Bitcoin, especially in large amounts, then you need to think about long-term investments, and you should buy as much as possible every dip because investing in Bitcoin is a plan for the future, not weekly, let alone daily.

Everyone probably won't be surprised if after the halving Bitcoin can immediately increase to reach $100K or more, because what happened before the halving was also beyond many people's expectations. So there are some people who are a little surprised when they see the ATH before the halving, which is new history for Bitcoin holders and now the time to see the halving is also not far away. So we all need to have a lot of patience to see more meaningful surprises in Bitcoin because if the goal is for the long term, of course it won't be so affected by the current price.

Of course bitcoin movement before the halving really got people wondering what might be in store for it's investors. It hasn't happened this way before that bitcoin will break a previous ATH before halving. That has also been an eye opener to people to know that bitcoin price movement can't be predicted by relying on past charts alone. With bitcoin breaking the past ATH before halving has really set in some level of confusion in the market because analysts don't know what else could happen, because bitcoin has reset everything and it seems that the entire process is now new. But one positive thing we can get from this is that as you rightly said, bitcoin is now getting back to $70k easily, with this the probability of it getting to $100k is now very likely.

I do actually laugh into those people who had been that having those impulsive approach or feeling or reactions when Bitcoins price hits up 62k or lower on which they do have those kind of reactions as if that this is really that over for this market on which it is really that something a normal correction or something we can call it an ordinary day but surprisingly there are people who arent get used to it despite on being here for a while on this crypto space. We've seen that Bitcoin did make out some breaking its ATH but not really that far off stretch and this did really give or make out some hype that the price might be able to hit up $100k if it would continue
but we've seen that it did really make out such decline or correction on which its normal to have on a market.

$100k might not really that too far but this wont really be a smooth sail ride. It would really be taking up some time before we would really be able to break it out. Now that we are near on Bitcoin halving
then expect that we would really be able to see some higher highs but of course no one really knows on when.