Post
Topic
Board Speculation
Re: Road to 100k?
by
Kemarit
on 18/05/2024, 22:53:56 UTC
right, before the halving the price of bitcoin reached an ATH in the range of $73k, and maybe after the halving you and most people thought bitcoin would reach a much higher ATH. but in reality it is not like that because after the halving begins the price of bitcoin tends to fall and stabilize.

It's not that it will stabilized, as you can it's more of a sideways pattern after the halving. And also, you have to take into consideration the mempool congestion that time. Now it's clear and so the price tends to gravitate to $70,000 currently.

When this thread was created maybe $100k seemed very achievable, but for now and in the near future $100k looks very difficult to achieve. We'll see until the momentum of this halving ends, whether Bitcoin can reach $100k or not.

It is still achievable, I'm not sure how long have been in the market, but it will take months before the effect of the halving will be felt. And you will be surprised how the market moves, this is a bull run year and so great things are to be expected. I understand your skepticism and there are lot of members here who thought that after the halving we will have instant parabolic rise. It's not like that, the market will have to gather momentum first before we can zoom and I will ask you to stay and observed at least at the end of the year and see where we are.