Post
Topic
Board Speculation
Re: Can Bitcoin reach 100k USD in 2024?
by
tabas
on 12/10/2024, 08:53:45 UTC
I understand what you mean, many of us are waiting for a new ATH after the halving, but unfortunately this has not happened yet. Usually, halving will encourage more market demand for bitcoin which has an impact on increasing its price, but something different happened at this halving moment. ATH was formed pre-halving, while many predictors say ATH will only exist after several months of halving.
Yes, that moment when ATH has reached even before the halving happens. Will that be the ATH that we get? hopefully not. We have to be patient until it reaches to $100k but as everyone is saying, it's unlikely that we see that price by the end of this year. As we're already several months after the halving, put that hope for the upcoming 2025 for the next ATH.

Predictions are not always correct, but predictions can at least help you in making investment plans. Not just predictions, but I tend to classify them as analysis. Obviously analysis is needed to predict where the price of bitcoin will go, but $100k still seems reasonable to expect in 2024.
Predictions with or without basis can remain as a prediction but don't lean to much on them if it's about your financial and investing decision. You can use them as reference but don't merely rely on them because not every prediction out there is done based on facts and charts.