Seems like BTC just hit the resistance level at 110K
Are we going to see BTC breaking 120K level sooner?
How fast can it reach and what is everyone thinking of?
Are you greedy or what? You said it, Bitcoin just hit $110k, and you instantly want to know when it will hit $120k. Where is the fire? This is second time during one week when Bitcoin surpasses $110k mark. Imo it needs first to settle on that level, become strong, holders and traders must get used to that price before going further. But you want price to go further and soon. After Bitcoin reaches $120k, you will ask when $130k?
It's easy to call number and we've seen people speculating outrageous figures they are hoping that bitcoin will all of a sudden get to because of a sudden bull. Such only shows the absent of proper emotional maturity to know that bitcoin doesn't just fly up because we wish it does so, going to this value and even if it experience some sort of resistance doesn't for any reason mean that it's not going up again.
$120k relative to how far bitcoin has come is something we can say certainly that we will see in the future. As an intentional long term holder, it's better to just tag it future which can be in months, or years, either way, because you're investing for the long term, you're not going to be all too bothered because you're not influenced by mere short term market reaction. Every investor wants to make profit from his investment and so the anticipation of a new bull is not something that everyone is not anticipating, we will get their and eventually go pass that in the future but it will just be a matter of time.