Personally I think this is a welcome development and another hope for all holders because at this point there is more hope to hold more as it is now believed that bitcoin is here to stay, just as bitcoin has continually proven itself to be reliable.
I know the massive rise in the price of bitcoin will also attract a lot of investors and a lot of people are already looking and expecting the price of bitcoin to hit $200k which will know is achievable but I think we shouldn’t amount any pressure and over expect so much h from bitcoin as it already done so much but rather will should ride with the wave and accommodate more of it.
Goodluck and we’re now rooting for $150k😊
I know the massive rise in the price of bitcoin will also attract a lot of investors and a lot of people are already looking and expecting the price of bitcoin to hit $200k which will know is achievable but I think we shouldn’t amount any pressure and over expect so much h from bitcoin as it already done so much but rather will should ride with the wave and accommodate more of it.
Goodluck and we’re now rooting for $150k😊
Bitcoin price has gone massively up since its inception and now Bitcoin has made it clear to all in the world that its here to stay. That's the prime reason we are witnessing positive behaviour from Head of States towards Bitcoin. Those who are already in Bitcoin must be well aware that Bitcoin make swings in both directions. Already at 100k and it will go further up from here but we might see some correction in price, be ready for that if that happens.
It is possible for some people who have been investing in Bitcoin for a long time or who have been buying Bitcoin gradually in previous years to enjoy some gains now that Bitcoin has passed the $100K price which is a very high support and resistance level for a long time. But I still think that for now there will still be a lot of holders and will not immediately release Bitcoin into the market when they see the price as high as today. Moreover, from some news that I have read recently, it is said that the United States will also be very pro Bitcoin and will make Bitcoin a fairly strategic state reserve asset by the end of this year.
In addition, Donald Trump himself also really likes Bitcoin so what he said about Bitcoin could have triggered more purchases by people who have a lot of money so that this extraordinary increase has occurred at the beginning of this month and of course this has been a very happy moment for Bitcoin holders so far because their hopes have been fulfilled through Bitcoin.
It's normal that whenever anything goes up, people jump in to enjoy the profit. Those who jumped in while price was in 90k range are the one who came after listening about Bitcoin from others. Real Profit from Bitcoin comes when you have a strategy of accumulating Bitcoin that's spread over 5 or more years.
The current Bull run started after Donald Trump won U.S elections and it will continue till the time Donald Trump takes oath as new U.S president.
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The price of Bitcoin going back down to a $50,000 or a $70,000 price-point is TEMPORARY, and it's not a forecast, a theory, or a mere hypothesis. It's a FACT! Why? Because the Federal Reserve and many Central Banks around and across many regions around the globe are always printing money, and their government entities always increase government spending.Satoshi "hacked" the financial system.
Governments are printing since nobody can stop them from doing that. Fiat is going down in value with every passing year. Do save in fiat, when they are printing fiat.
Your post is confusing. The odds of bitcoin going below $70k again are getting pretty low, and might even be less than 50/50.
Also it is possible that sub $90k might not ever be seen again.. we may well get into the $120k to $180k range before experiencing any kind of meaningful correction.. and even then there is still quite a few months in 2025 that we could have UPpity.. maybe it could be half of 2025 or maybe all the way to the end or maybe even into the first half of 2026.
I am not going to proclaim to know, even though I anticipate volatility in the form of up, down and flat in the next 3 to 18 months... and I don't expect down first, but hey you never know, but seemingly low odds at this point.
Also it is possible that sub $90k might not ever be seen again.. we may well get into the $120k to $180k range before experiencing any kind of meaningful correction.. and even then there is still quite a few months in 2025 that we could have UPpity.. maybe it could be half of 2025 or maybe all the way to the end or maybe even into the first half of 2026.
I am not going to proclaim to know, even though I anticipate volatility in the form of up, down and flat in the next 3 to 18 months... and I don't expect down first, but hey you never know, but seemingly low odds at this point.
The way Bitcoin is going on at the moment it defiantly looks like it will hit 150k or 200k very soon. Being an analyst of Bitcoin price pattern for last few years, its my analysis that such huge rally is not possible and we might see correction in price anytime soon. Bitcoin is very ruthless in going bearish from bullish. In any case, we must be ready for all possibilities since we have seen lots of ups and downs of Bitcoin. Keep some cash ready in your wallet in case price goes down.