Quote from: 2Pizza410000BTC on Today at 04:41:05 PM

Quote from: kentrolla on March 29, 2024, 07:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Lately we see Bitcoin fluctuating between $63k and $67k. It is very difficult to predict exactly which direction Bitcoin will go from the range it is in We have passed the bitcoin halving for just a few days since bitcoin didn't go down so we can say bitcoin can go up. Because while there is likely to be some dumping in the market before the bitcoin halving, the dumping was recorded at 60k. I predict that Bitcoin, which will never approach $50,000 again, will rise and settle in the $100,000 range by 2024. I know I can't make any accurate guesses in this case, but I hope my guesses are correct.

Bitcoin prices have historically risen higher each time a halving occurs and a new ATH can be expected after several months to over a year. But this time, a new ATH was recorded a few days before the halving and that is something very unusual for most investors and also for holders.

High hopes for a new ATH in the next few months are not something wrong for every bitcoin holder and investor, but it's best not to have too high expectations if you don't want to be disappointed when the facts don't match reality. History may or may not repeat itself, repetition is never mandatory for these uncontrolled assets. About $100k, I tend to agree it's very possible in the next few months especially if demand rises significantly.