The expectations for bitcoin are getting higher and higher, since the last ATH which was at $93.4k the market has taken a step back, could this indicate liquidations?
In every market it is normal for there to be a step back, so we can see that btc is preparing to gain more strength, I am very positive, I think that now before January we will be at $100k, and although I have received a lot of criticism for being very "enthusiastic about btc" nobody likes to accept the truth.
Here I like this forecast:
Despite anticipated diminishing returns compared to previous cycles, projections indicate potential targets of $120,000-$130,000.
The reaccumulation phase, though longer than historical standards, has set the foundation for the current breakout.
The analysis indicates we’re only in the first few weeks of this parabolic phase, suggesting major upside potential remains.
Original Source:
https://www.thecoinrepublic.com/2024/11/17/how-long-will-bitcoin-btc-bull-market-last-analyst-explains/If this forecast is fulfilled before the end of 2024, by 2025 we could see a great new ATH, which is what many expect.