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.
$100k is a target level for most bitcoin holders. Bitcoiners are waiting with keen interest to hit $100k. It is expected to be in late 2024 or early 2025. I personally think Bitcoin can cross $100k in 2025. I'm not sure, but I think Bitcoin is going to make another new ATH in 2024. Today many investors are getting the opportunity to add Bitcoin to their portfolios at low prices. This may be the last time to buy at this price. I find it profitable to be a little aggressive in investing at this time.
I can agree with you that bitcoin will hit $100k in the last 2024 or early 2025.
The best thing to be considered is the contribution to the increase in bitcoin price. Bitcoin prices can be influenced based on market demand, which is my main point here, because if we can be able to accumulate bitcoin using the DCA strategy, it will help a lot in increasing the price of bitcoin to our target amount, which is $100k. That means when we provide a higher demand for bitcoin, it will increase its scarcity of bitcoin, and that is what will trigger the price of bitcoin. But still, all prices that we are expecting are based on predictions, and you can never have that full assurance for bitcoin to hit that fixed price that we are expecting.
Investing in bitcoin through DCA does not increase the price of bitcoin but it helps you to increase your bitcoin stash since you are only buying. There are many factors that can affect bitcoin price which is not of our own doing and that is why now that bitcoin price is at 60k+ is good for one to continue with his bitcoin accumulation because a time will come that bitcoin price will be very high and you might not be in the position to acquire much bitcoin compared to this time.
Bitcoin price will reach 100k and go beyond that in future because the price of bitcoin increases overtime and that is the main reason why a no coiner or a low coiner should try their best to invest in bitcoin with DCA regularly for 4-10 years and above so that in future you will be proud that you invested in bitcoin for your old age.