Post
Topic
Board Speculation
Re: Road to 100k?
by
laijsica
on 17/04/2024, 06:50:28 UTC
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.
You have to take risks when it comes to investing, especially Bitcoin. You have drawn attention to the past price chart, in this case I think it looks positive to take a lot of our experience from the past. It is important that you practice the positive as well as the negative aspects of investing.

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.
It's just a process. The market will continue to fluctuate especially with BTC price giving an indication of how vibrant it is. There is no doubt that is preparing for another ATH very soon.