Post
Topic
Board Speculation
Re: Road to 100k?
by
Franctoshi
on 20/06/2024, 20:01:45 UTC
It's been a very long time, maybe in the last 2 months the price of Bitcoin has been stable between $60k-$70k and hasn't shown any signs of being bullish even though the halving has started. it's actually very realistic to expect bitcoin to reach $100k because before the halving started bitcoin's ATH was $73k. I think in the near future we shouldn't talk about $100k because bitcoin's biggest challenge right now is crossing $70k.
When the market is bullish or even bearish, there will always be a correction because it is impossible for the price of Bitcoin to always rise during bullish times and also during bearish times to always fall.
Currently, the price of Bitcoin is experiencing a correction and the factor of long-term holders who are reportedly taking profits so that the price of Bitcoin is experiencing pressure but long-term holders will not sell all of their possessions because they know that the price of Bitcoin is still targeting higher prices this year, so traders will make Bitcoin prices are starting to rise, but no one can analyze exactly when that will happen. At the end of this month, my prediction is that Bitcoin prices will reach $70,000, and next month there is a big chance that Bitcoin will reach the latest ATH, and $100k will likely be reached this year.
Bitcoin needs this huge consolidation to help us see the price reach the 100k level we all have been waiting for, secondly I think we won't really get that expensive move until after the US presidential election, because the outcome of that election would have a very big impact in the price of Bitcoin let's, assume that Trump wins the election investors will have more confidence investing in Bitcoin as Donald Trump already made some statements that will favour the crypto industry in case he won the election, so a lot of investors are on the side line waiting for the outcome of this very election.