We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.
I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?
we are all expecting this to happen but seeing the reality ? better accept it that we are not getting what we are expecting this year alone .
The earlier we understand that Bitcoin doesn't move according to our thought or how we expect it to... The better for us and this is why most people loss money by trading it when they knew that Bitcoin is very hard to predict. I know most persons are still surprise why Bitcoin price hasn't surpass $80k till now and this will make a lot of people to be on pressure, discourage and start developing some doubt about Bitcoin possibilities of taking an uptrend.
even though mere thoughts or expectations don't affect Bitcoin price, speculation that's fact based could end up coming out as you've projected. That you're in the Bitcoin ecosystem and understands what's going on with the buys and sells and all the other stories that's making the headline that has a potential effect on Bitcoin price, you will certainly get bullish at some point and have a clue on the fact that Bitcoin is about to get to $100k in certain range of time but I hate to do a time based speculation that tend to suggest that I'm somehow aware of what Bitcoin price will be at the end of the month or the year which could give me a false hope.
I prefer to know that Bitcoin will get to $100k and above iether this year or the next based certain already established fact and reasonable indices and that knowledge gears me up make the best out of every opportunity I have to buy below those projected prices.
Whether Bitcoin crosses $80k this year or not I don't care, my concern is to increase my portfolio before that time comes because if I should look at the current condition of the market I maybe discouraged and I can't subscribe to that.
there is nothing discouraging about the current condition of the market. Regardless of the time you started buying Bitcoin, by the current condition of the market, you're never at any reason loss. If you've been doing your DCA and even bought up to the last ATH, down to this point, the difference in the last ATH and the time you've bought below this current price will still balance things up and you're certain that you're not at any loss at all. It's just the anticipation of a post having bull that's making a lot of people become too expectant of a huge profit if not, we've been on a upward trend for a while now with these corrections that's happening too minimal to allow it discourage you.