Quote from: Bitcoin_people on April 27, 2024, 01:49:26 AM

We have seen a huge swing in the price of Bitcoin in the new year and it has reached an all-time high. Where we can assume that a new ATH has formed in the Bitcoin market and we have seen a new road. As we are currently in the year 2024 and at the beginning we saw the Bitcoin market peaking at $73k. However, currently we can see that the market has moved down slightly after the Bitcoin halving and currently the Bitcoin market is hovering around $63000. However, we can confirm that there is no doubt that the price of Bitcoin will reach $100k and we have seen many other forecasts where various experts and experts have predicted that the price of Bitcoin will reach $150k. The way Bitcoin price is currently going, we can say with certainty that we are going to face a bull market very soon, and then the price of Bitcoin will touch $100k. As the market price of Bitcoin is currently dumping a bit, it will pump up again as it is due to volatility in the market. Anyway now we should buy more bitcoins and hold it for long time and if we can buy and hold bitcoins now then good things are waiting for bull season ahead.

I believe this is your speculation, but then saying that Bitcoin will $100k is a little to obvious, and flat faced if no time frame is added to the speculation and maybe a theory to support why it'll work in that timeframe.. Maybe this bull run will get us up to $100k or not. Since we're all speculating here, I don't think the word 'certainly' does it at all, because it begins to seem like assurance from foresight.
When it comes to Bitcoin, we must understand that short term speculations are near impossibly accurate.

If you ask me, we're practically on our way to 100k and then, here's why I think so, we should understand that one knows for sure whether bitcoin will rise or fall in value over the coming days, weeks, months or years. However, one way to guess at future price changes is to consider BTC’s previous price movements. That's one way. So if we ride on that factor, we have this:

In January 2014, bitcoin was worth approximately $800. By January 2024, it was worth more than $42,000. That represents a price increase of better than 5,150% and an annualized return of more than 135% per year over the past decade.

If bitcoin experiences that same rate of appreciation in its average annual returns, it may very well reach $98k in January 2025 and hit $100,000 in February. Hopefully. Although this can happen sooner than that or later. It's all a speculation. This is mine.