Quote from: GigaBit on October 23, 2024, 03:56:47 PM

Quote from: Glen Hoddle on October 20, 2024, 03:48:36 AM

Quote from: LFC_Bitcoin on October 17, 2024, 06:04:30 PM

Lots of people mentioning $100,000 as a price target. We hit $69,000 in the last bull market of 2021.

$100,000 is close to a guarantee. We are going much higher.

Of course we can see the peak momentum in the Bitcoin market this mid 2024-25 when the peak Bitcoin price will just touch the target. And it is very likely to rise to $150,000, bitcoin market those who are not yet touched by investment are quickly connected to investment. We can use this month of October as a stepping stone to hit the highest price in the Bitcoin market.

If the price of Bitcoin crosses $100K then its price will be likely to go up to $150K. After 2021, the Bitcoin price has been bearish for a long time, which is why bull market momentum will be more likely than any other year.

Fair enough, but then where is the correction point if there is a toping out somewhere around or beyond $150k, then does $100k end up serving as support or not? And, how should a bitcoin HODLer treat your information (speculation of not too much resistance between $100k and $150k)? I am not saying that I disagree with you, even though I consider matters a bit problematic when they become too specific and seemingly certain, especially in regards to the future.

Quote from: GigaBit on October 23, 2024, 03:56:47 PM

We expect Bitcoin's ETFs trading approval and Bitcoin halving to accelerate bullish movement, which is why the upcoming Bitcoin bull market will be much stronger than other years. If the bull run is interrupted at the end of 2024, then the bull run can be expected in the first quarter of 2025. The bull run of 2024 and 2025 will certainly look different from other's.

You are not describing anything different from previous cycles.

Quote from: GigaBit on October 23, 2024, 03:56:47 PM

At the moment if the Bitcoin price rising interrupted in any way we will have to wait until the November US election.

Yes, of course markets tend to prefer certainty, so if we presume that the election (in 2 weeks ^tm) resolves some of the current uncertainty, then sure, I can go along with that thesis without even knowing the results beyond an anticipation that more certainty will be present after the election as compared to the level of certainty that exists prior to the election.

Right now there seems to be some expectations that Trump is the more likely winner, yet surely even that kinds of a potential outcome that is siding towards a certain level of certainty has to have some temperance when it might not be matched up with some level of actual concrete evidence.