Quote from: Majestic-milf on December 17, 2024, 07:19:36 AM

Quote from: JayJuanGee on December 16, 2024, 05:04:51 PM

$110k by the end of today, might even be in the cards, though we ONLY have 7 hours remaining in today's candle if we go by UTC. We might get to touch upon $120k by the end of this weekly candle? And who knows if the price would be stable at those prices or have a few bounces up and down, yet what seems to be our ongoing upwards price pressures is nothing to sneeze at..

$120k by the end of the week? Not to sound pessimistic but with unstable price can be like you mentioned, I feel the best we can see at the end of the week is $108. Except there would be an event that would push it up.

At the pace Bitcoin is going, I agree that $120k is not feasible this week rather $110k is a better choice. Bitcoin have been growing by less than 0.5% daily for few days now, hence it will likely not reach $120k before the end of this week if it continues at that growth rate unless something changes which is likely possible. Maybe someone will call Michael Saylor to make another huge purchase that will push the market to jump that high before the week ends. In other words, it will require a strong fundamental news release to realise such a massive price increase before the end of the week.

Personally, I'm seeing Bitcoin reaching $120k from January, the build up to the inauguration. I don't want to sound selfish buy I want it that way for personal reasons which is not unconnected to getting more coins within the current price regime using my weekly DCA.