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?
This current uptick in the Bitcoin market is the first stage of a bull market, where we can expect the price of Bitcoin to move even higher. Because the price of Bitcoin has moved to $90K at the moment, only touching $100K now is likely to increase the price of Bitcoin further. Note the bull run in the past because the Bitcoin price will continue to rise until 2025.
So we can assume that the price of Bitcoin will touch at least $170k to $200k before the end of the bull run this season. But it is certainly unbelievable that we will touch a million dollars this season, because suddenly the price of Bitcoin will increase so much is very unlikely. So we believe that it will touch up to 200k dollars.