Post
Topic
Board Speculation
Re: the new FOMO to $100k and beyond
by
Poker Player
on 12/11/2024, 04:22:11 UTC
do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?

Well, we are already in the rally, in the middle of the bull market and in a parabolic rise. I would expect a resistance around $100K because of the symbolic nature of the figure and because there is always resistance in that kind of round numbers.

But I think that in this cycle, given what we have seen, we can expect very high price increases, call it super cycles if you want, because everything points to the fact that there is going to be a state adoption and that Saylor's move is going to stimulate a lot of bitcoin adoption in companies for their reserves.

In this cycle I don't think we'll hit a million, I think $300K or $400K would already be a spectacular rise that we'd all sign up for right now.