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Quote from: Moeda on May 24, 2024, 05:18:08 PM

Quote from: btc78 on March 11, 2024, 01:47:04 PM

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

From what has happened before, every time there is an increase in prices there will definitely be a decrease. When Bitcoin reaches its highest price, there will definitely be an unavoidable decline. It's just that we don't know to what extent Bitcoin's price will increase, and to what extent Bitcoin's price will decrease.

Nobody knows the price that bitcoin will increase to this coming bullrun, but I am sure that it will surely get to $100k. It's just like it's already programmed to happen that way. With the way I'm seeing it, the bullrun will not end until bitcoin get to $100k and above. As for decrease when the bear market finally return, that's what I can't really tell, last bullrun when bitcoin got to $69k after the bullrun bitcoin dropped to $15k thereabout, so with $100k that we are expected to see this bullrun, the bear market will also bite hard when it comes.

I agree with you on fact that nobody knows the price that Bitcoin will increase to, however a lot of investors have predicted it to reach $100, investors will still want to push the marketing till it's get to $100k before the end of the bull run that's if they can, become I see it as narrative that has been pushed into psychology and mindset of most investors at the moment that the price will get to $100k, and there lot of investors keying into that idea, but I don't want to see it as a propaganda that is pushed too far, i just want to the market forces to gradually take it course on the price increase.

People know about this that's why there's a lot of unrealistic prediction coming out since there's lot of those people are not really so sure about what will be the exact figures that bitcoin would able to reach up in future. But what's more important thing there is we have strong basis regarding on its current development happened. And $100k is quiet realistic to reach by bitcoin so if we can see the good effects of continuous accumulation of people on bitcoin then provably this will help bitcoin to reach at that digits.

Maybe the basis we have is the current trend happening and people hold into that feeling where they really look forward for bitcoin to hit that since this will create something big recognition to bitcoin since for sure that a lot of curious mind will come and see about bitcoin then this will add up to the demand then that help a lot of the ecosystem of bitcoin especially if there's lots of new people will buy it.