because the market doesn't have enough buying power to push it higher.
I always read this whenever the price don't move that much after moving a lot. Aside from this reason, there are also people saying that it's overbought and so, the dump is about to come.
Come on, we will never know how high it will be for Bitcoin. And that's always the surprise that it brings us whenever the price goes higher than what we are expecting.
Let's say that it won't be $200k for this cycle but it is for sure that we'll get there once another cycle comes in. But let's also give that chance because the possibility is there but, right now we need to see it break the former ATH of $109k.
I'm not sure if people still remember S2F modeling? It was said that it will hit $100k in the previous cycle, so that is already a big lessons for us not to just believed on what we see or read as it can really be a missed.
So with that, it's better to just see what the market will be at the end of the year. I mean we can all talk about $200k because of Donald Trump and what's not. But then what will happen if we didn't reach that price?
Will people be disappointed? Or we will simply just let go of the fact that no one can influence the price not even Trump and let the market flows normally and see where it will lead us.
Yeah, that S2F model was real and I think it was made by Plan B. To be honest, we can accept it to ourselves or not that there is something that Trump has affected for the price of BTC.
If there is no action from him or words that he's said for that, there won't be that much talk about it with the institutions.
But because of the influence he's got and the approval that he gives to the Bitcoin reserve, there is an effect to it. And you're right that, even without him, the market will continue to move forward but we need some push for it like from him.