Ninjastic
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Re: Road to 100k?
by
laijsica
on 23/06/2024, 04:12:27 UTC
Quote from: Agbamoni on June 22, 2024, 06:54:43 PM
Quote from: Strongkored on June 20, 2024, 03:25:18 AM
Quote from: Rasa nanas on June 16, 2024, 04:00:57 PM
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.
Of course, there is no time Bitcoin continue to dip without retracing back. If so, there will be no volatility for traders to trade. The system was built in a way that even if there is a bearish pattern the price of Bitcoin will dip and rise a little and keep fluctuating like that. I have never seen Bitcoin follow a bearish or bullish season completely without going in the opposite direction at least a little.



It's been a while since I saw such candles. What a good time to buy more Bitcoin because the price of Bitcoin will continue to dip irrespective of the green candle. It's a sign that it will take quite some time for the price to reach 100k at least not yet.

Guys what do you think?
There must be a need for Bitcoin to dip a bit and increase investors propensity to take profits and increase holdings. Between price movements you have to arrange your own pattern which is lump sum investment or DCA.

Investors expect Bitcoin to touch $100k within this year but some estimates may be running on the correct valuation level. Compared to past analysis, most investors have cited various reasons for believing Bitcoin price to rise in the future which has been entirely speculative, but one should have the opportunity to analyze how rational it is over time.

According to the following link, how reasonable is the estimate of the increase in the price of Bitcoin?
https://finance.yahoo.com/news/bitcoin-could-hit-500-000-120500061.html