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 saw Bitcoin touch $70,000 and then settle back around $740,000. From around $74,000, Bitcoin dumped to $49,000. Bitcoin is currently between $56,000 and $57,000. But here we can see that Bitcoin did not go above $74k but definitely went down. But many have predicted that Bitcoin will be $100,000 in 2024 but I don't support it much but I do support that Bitcoin will be $100,000 in 2025.
Just so you know it is more of a speculating and expectation. No one is certain of what the price may become in the next few hours, days or months. Many investors here are speculating 100k margin this year because they have invested a lot of money into Bitcoin and some of them would love to see the price go up as soon as possible believing that next year it will be better than what it is today. While some are eager to take profit from their investment.
You're right, everyone has their different opinions concerning the Volatility of Bitcoin and sometimes some people's opinion might turn out good depending on the market, but the fact is that we're all speculating and I still stand on the ground that no one can give an accurate figure of what the market would be in certain periods but instead of bothering about the current price, I think we should focus more on the future and ponder on accumulating more Bitcoin against a possible massive Bull market in the Q4, it's not very far away though but there's still time for those who are yet to and got enough capital to accumulate as much as possible and instead of waiting or hoping for the price to drop so they'll get a better entry, it's better to start now cause the price could go higher than it is currently.
Your faith is strong. Do you really believe that in 2 months time Bitcoin will hit 100k from 57k currently? Although there is possibility in it, because i have seen what Bitcoin has done in recent times. However, the 80k might seem more realistic than 100k. I just feel its a little late for Bitcoin to reach 100k this year. It could start from the first quarter of 2025.