Post
Topic
Board Speculation
Re: Road to 100k?
by
barisbilgili
on 15/08/2024, 07:08:52 UTC
As optimistic as the words may be, I don't think attaining all time high of 100k speculation is 'very' achievable, however, it is likely achievable but it will be difficult to achieve that without a decline due to the volatility of the market. If the bitcoin eventually hits its all time high of 100k, there's going to be pull backs. I also didn't mention that there's a high possibility of it facing corrections too because it can experience the Fibonacci retracement and moving averages. This is why when following history, we can agree that while bitcoin have the fate and potential of hitting 100k, there are many indicators and indices that will play out to its effect.
And I think we've seen that in the last few months, if we look at the chart after the halving a few months ago there were some significant moves that happened so I don't deny the belief that we will see a price of 100k in the near future
In just 4 months we will end this year and I believe during that period there will be many events or big moves that happen and that is based on the history of what happened in the past that is likely to happen again, I am quite optimistic about that.