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.
Pumping and dumping the price of Bitcoin is normal, but if you pay attention to the price of Bitcoin around 2010, you will definitely see a very low price of Bitcoin. And it's usually a halving cycle with bitcoin prices touching $74,000 in a few steps. But those who invested around 2013 are largely successful today, and many who have been investing in Bitcoin for a long time following the DCA method are largely successful today.
This is to be patient with bitcoin investment and have enough bitcoins. At the time you mentioned Bitcoin was just starting its journey in cryptocurrency and maybe the price of Bitcoin was not so attractive. Back then, no one could have imagined that it would last for a long time, and they could not even imagine that the price of Bitcoin could rise so much. But since then, the price of Bitcoin has continued to rise, attracting investors. Those who bought bitcoins at a low price and held them for a long time were certainly some of the most successful investors of the time.
While we may invest in the present and be as successful as them in the future, we need to buy bitcoins at any market condition so that we don't regret it later when the selling price skyrockets. Look at how low the price of Bitcoin went earlier this month many imagined and even said that the price of Bitcoin might go below 50k dollars very soon. Bitcoin Resurgence Again Bitcoin Touches 60K Dollars So why buy bitcoin if you have enough funds, never delay thinking that the market price will dip further, the market may come back from there and leave you regretting.