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 couldn't agree more with you, as you mentioned here every investor expects Bitcoin to hit $100k. But what about those who have been holding bitcoins for a long time in DCA method, will they sell bitcoins? I'm not saying they won't sell bitcoins. Because the price of Bitcoin is not limited to 100k dollars it will likely increase several times more. So don't mislead new investors with posts like this, those who are new to investing in Bitcoin DCA method will panic.
You generally look at 2022 where the price of Bitcoin was at its lowest point and since that time those who started holding Bitcoin in the DCA method have had the highest amount. So investing in Bitcoin must be done risk-free, and avoid creating confusion among new investors.
Sometimes I just laugh and say to myself that why are people so obsessed of Bitcoin hitting 100k? Or is 100k their own peak price? Because as a Bitcoin investor that really has the intention of holding for a very long period of time, 100k shouldn't be the target, but years interval like 10 to 20 years should, am saying so because we are still in the early days of Bitcoin, and due to it potential, it has the ability of doing 10x to 20x in 10 to 20 years time from now, so placing a target price like 100k is actually not ideal, because I know for a fact that 100k is still very cheap compared to the price of Bitcoin in like 10 to 20 years time from now.
So in essence of what am trying to say is that selling at 100k which most investors are planning on doing is actually not ideal, because they aren't selling at a peak price, but if they forget about the amount and hold a little bit longer they might benefit even more, because the way Bitcoin investment is structured, the more you hold, the more you stands more Chance of benefiting.