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.
I am thinking why would someone be short sighted about bitcoin and believes that $100k is his price target to sell his bitcoin when bitcoin value is increasing overtime. It is difficult to accumulate the amount of bitcoin that you have accumulated when you sell it because the price at which you bought your bitcoin with DCA overtime will be cheaper than the amount that you will buy it after selling it at 100k.
Imagine you started building a house and when it has gotten to lintel level, because the price of blocks and building materials skyrocket and you feel that you don't need to continue with the house but sell it because you will make some profits and you sold it. It will be bard for you to use that money in which you sold the house to start building from foundation level again even with the profit that you made.
However, if have left the house and continue with it till it is complete. You will rent it and keeping getting your rent overtime and the house is still there because you didn't sell it. I think this is how investing in bitcoin for a very long time is because after reaching your bitcoin target, you will get to maintenance stage before you can think of selling little part of you bitcoin that will not affect your portfolio size because you feel that you have more than enough bitcoin in your possession.