Quote from: Cryptoprincess101 on November 24, 2024, 04:42:19 PM

Even if the price of bitcoin goes above $100k, there is likelihood that it may crash below the $100k again because there are investors that marked $100k as their price point of taking home some profits made from their hodlings and these are basically investors that have been hodling for a long time, though not ONLY long-term investors but there are also short term investors who took advantage of the market when the price was increasing rapidly after the United States elections and their target is also to either take short term profits or even sell off and wait for a DIP price to buy back. And also, the activity of the whales also helped the price gained strength, so we don't know if they want to manipulate the market by allowing the price to hit $100k due to their activities and afterwards they sell their coins. So, there will certainly be corrections after the price must have reached or get above $100k.

Another bull cycle is expected within 3 to 4 years and it's still very far from now because it will be around 2028, so we may not really know what will happen to the price of bitcoin by then but for now, let us be more concerned about the price that is quite obtainable now which is the $100k price target, even if the price will go above or below that in the next bull cycle, it will be another topic of discussion when the time comes. No one knows the price that this bull cycle will round up before the bear season comes since this season's bull run may last till the first or second quarter of next year and we are almost close to the price hitting $100k before next year.

Buddy definitely some people who has been holding and targeting $100k as their own hodling satisfaction limit may decide to sell once Bitcoin hit that price and this may cause a kind of decline in the price of Bitcoin, yea all this things will happen for the future to reset itself, if the whales are manipulating the market at this point for the price to hit $100k it's also fine even though it drops afterward based on some whales decision to sell at $100k miles stone its also good for some of us that have not accumulated enough to keep going higher, what matter is that Bitcoin has given us hope that it can go higher than $100k, that alone should give us the courage to keep accumulating even though it keep declining so that we can meet up with our future goals, we can not tell the plans of whales but what we should be doing right now is to keep our minds off all this distractions so that we can concentrate on achieving our goals.

Since another bull cycle as you said should be by 4years, I think we should be preparing for it, though we wouldn't know what will happen then but what matters to us is that Bitcoin is very futuristic and that should always be what should keep us going, though we are left with our fate but I don't know what giving up is when i make up my mind to do something, biddy your explanations are good but I will advise that we keep doing the needful no matter what.