Post
Topic
Board Speculation
Re: Road to 100k?
by
Btcdeybodi
on 13/06/2024, 13:00:14 UTC
It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.   
while we know that $150k is not a so big value for Bitcoin to get to within the year, we can't be all too certain that it's guarraanteed to happen within the year.  It might happen and even go further than $150k or might not go above $100k and still revolve around all these range but these are all speculation that don't directly means that things will fall in place the exact same way we make our speculations.

One certain thing to note is that we've been in a consistent bullish phase for months now even before the halving took place and even saw a new ATH before the halving and these are all bullish seasons that has led us into another circle. The constant here is that  Bitcoin will get to $150k and surpasses it to possibly $250k or even $400k with time byt this in itself makes no sense to someone that has nothing to lay hold on as per the amount of Bitcoin he is holding. As we anticipate these figures, it's better to start making the necessary preparation so the bull doesn't meet up unaware. And even if we get to $150 this month, does that make any difference to most of us that haven't gathered a lot of Bitcoin at this team that it's still bearish with respect to it future value? The best thing to do is to buy as much Bitcoin as  we can buy now in anticipation of whatever bull that's coming.

looking at the price movement of Bitcoin in September 2023, the price was around $27k then getting to December the price climbed to $42k that is about $15k addition from September to December then in March 2024 the price surge higher and got an ATH of $73k which is addition $31k from December to March, all this increments happened within just 3 months interval and since march the price have been fluctuating between $71k to the lowest price which was around $56k and since march till now have also been 3 months and we are still expecting the price to skyrocket past the $73k ATH, but due to the halving event that took place in April where miners rewards was halved so the price of bitcoin having the possibility of reaching $100k will be dependent on the inflow in the market cap. therefore we shouldn't be over anxious of the price reaching $150k this year since there are factors that determines it's price movement. But since we are in a bullish season, we should expect the price to reach any level so we should also be optimistic while making our speculations even though our speculations may not be accurate but let the price reach $100k first then we can continue with speculations of whether it will reach $150k, $250, or $400k as you have stated above. However, we should keep hodling and make more accumulations as they are part of the factors that boost the price of Bitcoin.