Bitcoin is very bullish currently.
Not long ago, Bitcoin reached a new all time high proving its sceptics false.
Do you expect it is possible in 2024 for Bitcoin to reach 100k USD?
Bitcoin is always changing, as we can see its price change every year. In that case, if you look at the history of Bitcoin at the gate, you will understand that Bitcoin is moving forward to enter more highs in the coming days. But I think it is very unlikely that the price of Bitcoin will hit $100k in 2024, but the price of Bitcoin will reach this level in the next new year.
We have already seen the price of Bitcoin hit an all-time high in 2024, but we expect it to reach an all-time high $100k in 2025.
The $100,000 target may or may not happen this year, no one can be sure, but we can be sure that bitcoin will reach that target in the future.
Based on history, I'm pretty bullish on the last quarter of the year but I also don't think we can hit $100k this year. Given geopolitical fluctuations as well as the world economic situation not really stable, we can hardly have a strong market boom at the end of the year. So we should not set our expectations too high to avoid disappointment.
I never worry about when bitcoin will hit $100,000 because it's inevitable, it's all just a matter of time. But I wonder how many of us can wait until it happens, that is why I say we should not set our expectations too high, otherwise we will be disappointed and may make wrong decisions.