---
Given these developments, I'm curious to hear your thoughts:
Do you believe this is the beginning of a sustained bull market, or could we see a correction soon?
How do you think the establishment of the Strategic Bitcoin Reserve will impact Bitcoin's long-term value?
Are there specific price targets you're watching for in the near term?
Correction will be pretty much normal especially in a market like the crypto market. The only question is how deep those corrections will be. Even we are in a bull run, we don't expect the market to go up, and up, because along the way, there will always be sellers that will take profit. It's a matter of "Is the correction a healthy one or not?"
No idea TBH, but many look at it as a positive thing so if that happens, since the sentiment around it is positive, there's a huge chance that it will pump the price of Bitcoin. let's take note that the market is heavily driven by the sentiments of the investors. of course, there will always be manipulation, but for most of the time, sentiments of the retail investors drive the market. As for the specific price targets that I'm watching, I predicted in the past that $115,000-$120,000 will be the peak price of it, but looking at the market, it seems like we are heading at around $130,000-$140,000, and I will not be surprised if we will reach as high as $150,000.
Bitcoin at $200,000? Possible, but as somebody that's conservative with his predictions, I don't think that it will happen... at least this year.