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Cryptocurrency Price Speculations / Re: Will Bitcoin Really Go Above 100k?
« on: April 25, 2024, 03:31:39 PM »If it doesnt goes up then it goes down and vice versa. This has been that the condition that we are facing on this market on which there's no assurance on when it would really be able to hit up a particular price point but since we are speaking about $100k then this isnt something a too far off price as we do all know. We do hit up 70k on its ATH oh which 30k isnt really that too far off$100K is not an overly ambitious target for BTC in this cycle, especially considering the strong recovery we've seen over the past year and BTC's new ATH before the halving, driven by momentum from BTC Spot ETFs. However, I believe that BTC price and the entire crypto market need to undergo a reaccumulation now in order to continue growing strongly and sustainably for the rest of the bullrun.
in speaking about on reaching out that price point but the main question is on when? Of course everyone would really be eyeing this one on bull run market which it could happen anytime specially on post halving period.
If we continue to surge to $100K right away in Q2 2024, I fear that the bubble will burst very soon and we will see an extremely short bullrun with limited price appreciation for many ALTs in the market. I hope we will have a boring Q2 & Q3 with BTC price while many ALTs will recover and create a huge crypto summer before BTC price continues to grow and conquer $100K in Q4 2024 or Q1 2025.
And $100K is not the biggest goal, I still expect $150K-170K for BTC in this cycle.