Post
Topic
Board Speculation
Re: Road to 100k?
by
adultcrypto
on 28/05/2024, 23:51:31 UTC
bitcoin will rise up to 100k$ but not in an instant, it takes time just like what happen before the 2021 bull season when it reach a new ATH follow by this year and reach another ATH, I think it needs more years before we can see btc reach 100k$ no one knows about it but i have a feeling that it will reach 100k$ or even higher base on its past price movement.

100k$ was looking easy to achieve when the price of bitcoin hit 73k$ before halving but now there is very slower upward movement due to which we assume that long duration will be needed to reach to 100k$ and there is no one who will identify the accurate timing at which this target will become reality.

If our target value for selling is higher then it is also important to lengthen your holding because you know better that more wait is needed to achieve more profit. 100k$ is far but it is possible that one day we will see Bitcoin to reach the higher value and for that we have to not sell our assets until we become successful in achieving our target.
Bitcoin is not going to just flying to $100k and anyone who thought that would be the case is either probably new or desperate to sell. What Bitcoin is doing now does not come as a surprise to many experienced holders because this is the first time we are seeing bitcoin make ATH before the halving. That was supposed to mean that there would be prolonged compression before any major move would be seen in the market. But people were too hesitant to see price reach $100k and far above that after the halving. Even though price still linger within the region it is now, it will eventually rise to the expected new high.

What every investor should do now is to continue holding for those who have already reached their accumulation goal or continue to buy more for those still accumulating. The market is given everyone opportunity to be part of the next major move and we should make good use of that opportunity. I am personally happy that the $100k price level has not be approached yet because I am still at the accumulation stage. This is helping me buy more since my capital is not that big but comes monthly.