Bitcoin being able to hit an ATH of 124k this year is a good sign that there’s more to come, and obviously I’m quite satisfied with the run so far even though expectations are high to see even more higher figures before the year ends. But so far so good, the result have been satisfactory as Bitcoin didn’t disappoint. Obviously at the beginning of the year the target was for bitcoin to hit $100k of which it does and even more than that by hitting the ATH of $124k this year.
After crossing $100k there was still huge buying pressure as it was the time when new investors joined into. They were thinking that bitcoins now are unstoppable and will keep rallying but they forgot that the markets might even dump. Bitcoins have filled our portfolios with profits and now it might be time for them to start wiping some money.
Markets already have wiped a big chunk and might continue to do so with the current dip. I was not expecting bitcoins to touch $110k but they eventually did so my feeling about the continuous bull run have somewhere fluctuated and I now think we might see some more dump before we start the rally again. Maybe for a month we might see some more dump but the markets will somehow recover so I'll be firm with my holdings.