Post
Topic
Board Speculation
Re: Road to 100k?
by
Smilevictorobinna
on 29/05/2024, 07:05:32 UTC
No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.
I am quite confident that we will see a price of $100K in the near future because currently the support for Bitcoin is strong and we can also see it when the correction is not too deep (not the same as what happened in previous years) so I think that can be a reference for us to compare to what will happen in the future.
After the Bitcoin Halving there will usually be a Bitcoin price correction before it increases rapidly and currently we are in the midst of a small correction that is occurring so indeed if you believe you will see a price of $100K at the end of the year that is quite logical in fact I think it could be faster.
I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still, I might decide to take some profit, but then, I still will be holding for I believe that, if bitcoin reaches the price of $100k before halving, there is the over all chances that the price could go alot higher after the halving comes and goes.

We can can remember that in previous circles, we usually don't get to see any major bitcoin price movement in the upward side until after the halving have come and gone, but this circle seems a bit different from the others, this is why I still believe that this season's bull run might be the biggest we've ever seen and might ever see again in the entire history and future of bitcoin and crypto currencies in general, so, we all should not fumble our bags no matter what, you might sell hoping to buy back at a cheaper rate after price correction, only to end up either buying back at a higher price, or stay locked out from participating and gaining from the upward price movement.