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
Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.
Makus just like you told smilevictorobinna that is it because making speculation of the next Bitcoin now is very quick since we are still expecting the price to hit $100k before or during 2025 when the real bull run begins and when talking about the next halving which will be on 2028, that is 4 good years from now so we have to watch the price from now till the main bull run starts when there will be every possibility of getting a new ATH.
Definitely we know that Bitcoin is meant to undergo corrections because that is what keeps the market active and balanced but we should be optimistic about the price reaching an ATH of $100k.
I might decide to take some profit, but then, I still will be holding
Sure holding is the right thing to, don't let the predictions of some analysts gets into your head as it could be mere predictions, Bitcoin will get to $100k very soon. But taking some profit now would be a bad idea as Bitcoin is still having the potential of increasing after the price correction. There is a need to have an emergency fund saved to cover up to 3 months of your spendings so that you won't need to go back and forth with you Bitcoin investment. The goal is to have a long term Bitcoin holding and once you begin to temper your investment you might not hold for long.
Yes taking profits from his investments now wouldn't be a good practice but I think it will all depends on when he started accumulating, if it's been long he started accumulating then he can decide to take off some profits when the price hits $100k and still continue hodling but it would have been wise to have enough Bitcoin before a decision to sell part of it since it is likely impossible to accumulate again when the price becomes extremely high.