Ninjastic
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Board Speculation
Re: the new FOMO to $100k and beyond
by
bitzizzix
on 12/11/2024, 05:00:13 UTC
Quote from: BrewMaster on Today at 02:54:38 AM


after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.

but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.

now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...

do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?
The US has acted as a catalyst for the rise in Bitcoin prices and I think it is very possible that Bitcoin prices can reach $100,000+ by the end of the year and early 2025, because to reach that price Bitcoin only needs $10,000 which I think is very possible in the near future. And the pro-Bitcoin US government will attract more people from various circles including institutions and also various countries who will continue to adopt Bitcoin which can cause Bitcoin to be in a positive trend which will cause its price to continue to rise, and I am very optimistic that Bitcoin prices will reach $150,000-$200,000 in mid and late 2025.
And for Bitcoin prices to reach 1 million I don't think it will be possible in the near future, maybe or not I think it's too far to hope for that much which might take a very long time.