Post
Topic
Board Bitcoin Discussion
Re: Bitcoin All-Time High almost reached yesterday
by
Gladitorcomeback
on 12/11/2024, 17:31:19 UTC
Every hour is more accurate  Grin and it might carry on creating new ATHs like it did in 2021. This time it is possible that after breaching 90K it might hit 100K. When Bitcoin goes up it keeps on going for few weeks.

Well, I was thinking about the same thing. I thought we might see it hit $100k in the next few days. However, I just saw that Bitcoin has started retracing; it's currently around $86k+ and might even go a bit lower. It could go more profound than we might be expecting if the sell-off takes off because many people took profit, but many were still waiting because they were expecting and hoping for a higher price to take profit, and now if they see it retracing back, they might start selling and that can cause a larger dip.

I must say, this was a pretty quick and surprising surge, to be honest. I wasn't expecting the price to get this close to $90k this early. I was expecting the price to hit that mark within the first couple of months in the new year, then a bit of retracement and then another surge towards $100K and above, but the market, as always, surprised us with this move.