Quote from: asarfiar on October 05, 2024, 05:59:50 PM

Quote from: Tmoonz on October 03, 2024, 04:32:33 PM

Quote from: asarfiar on October 03, 2024, 06:44:45 AM

In as much Bitcoin got up to $73000 middle March this year is never certain and guarantee that we are going to see Bitcoin hitting $100k this year which is just two months left to go even though anything can be possible but for a valued coin like Bitcoin making such a drastic upward trend within such a short period of time this year might not really be possible, perhaps we shouldn't be in a hurry to forget that Bitcoin is less volatility even though Bitcoin will definitely hit $100k some day, all that we can only be doing is making predictions and speculations which suits Bitcoin as a valued digital asset class.

You said well, and from this we can also assume that if BTC reaches $100K, or BTC will reach $100K; The question is when!! 2019? 2020? 2021? From this we can predict that between now and 2025 BTC will hit that level and stay above it; But, that is very conservative at this point. And on that day I will be a very happy hodler.

In the last bull run, there is a well known prediction model, known as S2F. And it says that in 2021, we will reach $100k, but it didn't happen as the highest we got is $69k, and that is the all time high during that bull run. And so we are in the same predicament again, bull run, we just had our halving although the only difference is that we have reach a peak price of $73k because of the news of Bitcoin ETF approval.

So we might be in a different cycle or pattern, we will never know. One thing is for sure, many of us are still very positive that the price is going to reach $100k in 2025, regardless if there is another prediction model that is built or regardless of who is going to be the next President of the United States.