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.
That is just an expectation to happen since we didn't reach that figure yet. If that price would be hit then it means that this is a good green light for all investor since that is historical happening with bitcoin to reach at 6 digits. More over for sure that majority of holders is aim to see more figures in future since what people believe is there would be more better figure to come in span of 10 years.
Maybe there would be a lot of people will sell their bitcoin because that price is high already but for sure those people who are into long term holding especially those who do DCA will continue to catch those selling pressure made by some people who want to secure their profit. So in that cases everything is fine since this is normal cycle and for sure that long term investors will not bothered by anything not related to their plans set.