The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!
You may right in your prediction. In this concern I think if something is easily achieved we often fail to appreciate it. When Bitcoin was in a long run between 25k and 29k a few months ago, there was an expectation that the market would do well if it rose to $40k. There was a bit of delay but Bitcoin crossed $40k and quickly crossed the previous all time high which didn't take much time. It was hard to imagine that Bitcoin would reach that stage so quickly. But we have been expecting Bitcoin $100k for a long time. But getting to $100K of Bitcoin won't be easy. I don't know if it will happen this year, but maybe a big bullish trend will start after the next election. But we can be sure that the longer it takes for Bitcoin to hit $100k, It will be more stronger.
We don't know when the Bitcoin market will touch $100k dollars but we can only predict that it will reach this mark in the future. As per your example I would like to say that when bitcoin price was under $30k dollars no one could have imagined that bitcoin price would rise so high and even touch all time highs (ATH) But that was made possible by the rise in the price of Bitcoin. For those who still think it is impossible for Bitcoin price to reach $100k dollars, it will be possible that's what many crypto analysts think.
Currently we are going through a dumping season in the market maybe from here the market will turn bullish again and Bitcoin will reach the target price that everyone is predicting. We have seen an upward trend in Bitcoin price after each dumping. Maybe a few weeks ago we saw the price of Bitcoin drop to around $50k from where the market rallied and crossed $60k again.
That's right, and I consider Bitcoin investment as one of the long-term investments that will never fail, because if we open our eyes wide and see Bitcoin's journey to reach $ 100,000, it is very possible. And what must be possible and prepared is, are you willing to wait patiently, be strong and not easily influenced or tempted before your target is achieved because if you have that ability, I am sure whatever price you want will definitely be achieved. And the decline that occurs will always happen as it has happened lately, and that moment must be utilized very well to try to collect more bitcoins and save them for the long term so that you can enjoy good profits in the future. So ignore that and make the most of it, don't panic and stay focused on the future.