Nothing against those who predicts $500k in this bull run. However, let's be realistic here, that price might be hit but not in this cycle. It might take the next bull run cycle to be able to at least get close to that price.
Conservative estimates for now is ranging from $150k-$180k and for me that is more achievable as we have seen the market going as high as $110k already as our last all time high and we still have a lot of room for this year. And usually, it is the last quarter that we might see a big boost in the price and so we are still in that range and target is still there for us. It's just we need more patience, although I believed most of us here have that a lot already base on our past experiences.
We will see first how the market will move in the next few months. Since we have seen Bitcoin moving sideways for quite some time, everyone tends to be optimistic that we will continue the stronger bull moment this year. But there is also a possibility that if this year there is an event that hits the market, the possibility that will happen is a decline. I just hope Bitcoin will be quite stable at $100k-$120k for the period this year. But if it can reach $150k or higher, of course, it is a good thing.
We have been seeing Bitcoin hovering around $95K for about 2 weeks now. The market doesn't always move in the expected direction, the current situation is a correction, and such a correction is a very natural thing.
It's just a couple of week when we have seen this sideway patterns. And we still have two weeks for this month and maybe when everything has settled down, we could be attempting another breach of $100k before the end of February.
According to research by Bitcoin experts, Bitcoin is expected to exceed $200K this year, and there will be another big bull run this year, and Bitcoin can go far in that bull run. But no matter what, every bitcoin investor always have to think long-term. This ups and downs of the Bitcoin market are normal, it will end at any time, and the bull run will begin. So to achieve real success, you must have a long-term holding plan.
Anything that is above $200k this yeaer? that is a good price movement for this bull run already. An probably that's why majority are still very much excited for this year. But first we still need to accumulate as much as we can although the price is very steep for some of us. The thing is that we can go and be a holder long term and going to make a ton of profits even if the price is expensive.