Re: I won't be surprise if bitcoin finds the $100k back, would you?
We have been seeing bitcoin price appreciate since Trump cut down on tariff and there have been speculation that exporters, importers or investors alike have found loose profit to push into btc. Also, institutions have started hodling more btc with the US strategic plan that have built trust and go ahead to shaky hands all the while.
So what do you think about the bull going from here, we are on $92+, can we hit 100k anytime?
The term "ANYTIME" can be very broad.So what do you think about the bull going from here, we are on $92+, can we hit 100k anytime?
It can be a month from now, or 2 months from now, or 4 months from now.
Well, what matters is that it will hit that price within the next 4-6 months. Nothing surprising with the price movement of the market at all because this is something that I anticipated, and so does others here. They know that the market will recover at some point and here we are. There's a huge selling pressure at $95,000 though, and currently we are on a correction so $100,000 will not happen in the next weeks. Give it 4-6 months, and it will surpass that $100,000 and who knows it might surpass its previous ATH of $109,000 as well.
As for the institutions, I don't know if they will have a huge effect towards the price of Bitcoin, but there are some rumors saying that the price of Bitcoin might not go down as many are expecting just because of the continuous buying of these huge institutions. It might be true, or worse comes to worse where they will also sell their holdings and taking their profit. I mean there might be some who will be doing it.