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Cryptocurrency Trading / Re: Bitcoin Hit $70k For First Time.
« on: May 24, 2024, 09:24:34 AM »$80-85k is really doable but $100k is a tough target at this point. It is quite possible that we will see another bear season in Bitcoin and then the price of Bitcoin will rise to $100k in the next bull market. But if we look at the history of the previous ATH formation, we will see that the previous ATH was several times higher than the subsequent ATH. as such, Bitcoin's ATH this year should be above $100k. But such a glimpse is not visible. I'm not saying it's impossible to cross $100k this year but it seems very difficultIt is possible for bitcoin to hit $80k and it is possible very quickly but there is no chance of bitcoin price hitting $150k within this year. I don't think there will be an ATH of over $85k this year. Bitcoin is very popular and has a lot of hype on it so I don't think hitting 2x+ current price is possible this year. Expecting $150k would be overexpectation. we can expect a max of $100k but it's still toughWell I hope bitcoin can at least reach more than $80k this year. And many also estimate above $100k. But this is quite difficult. But it's still possible to happen. Actually seeing bitcoin a few days ago return to $70k was also a surprise. Because it happened quickly. And now the price is slowly decreasing again. So for those who trade and do not invest long term, they must be aware of current market conditions. Because everything becomes more difficult to predict in the short term. But in the long term I am optimistic.