Indeed. That's what I mean, the current price is too far from $175k. Of course, everyone may have a different target on the taking profits. But I'm sure most people will feel satisfied to take profits when the price of Bitcoin will reach $100k. I think it still makes sense to sell at $100k although there is no guarantee that the price of Bitcoin will cross $100k or never in this bullrun season.
Bitcoin has been a surprise that is not usually done before the halving period,, where currently, bitcoin has been a surprise by passing its ATH. Usually the increase is after passing the halving period, not the other way around, and will move slowly to increase until the usual 4 years, which will arrive in 2025.
So this is extraordinary, so many people conclude that there will be a 2x ATH, where the difference is quite significant, and we cannot conclude what the appropriate price is. Maybe for $100K it can be done at the end of this year and just wait for the new ATH.
It was very surprising to see Bitcoin's price surpass ATH before the halving because it never happened before. It indicates that demand is considerably stronger than it was before, and it will be quite interesting to see where the price goes after the halving. There may be a significant fall below, but I believe a surge in price would shock the entire world; $100k is easy.
We certainly hope that the surprise that Bitcoin has brought will provide a positive direction. Of course, as you also said, we will see that there are other surprises that will be carried out after the halving period has passed.
Hopefully it matches the predictions of many people. I think getting to $100K can be done because this is the predicted price for 2021, which failed to happen.
But maybe what we are waiting for is the second ATH that will occur.
2021 is a great year for crypto, that year some people made millions. Unfortunately, there are investors who lose a lot or get stuck at 2021 and now the price came back and create new ATH. Holders no more, they already gained from their investment. And now, we are aiming for another peak which is $100k or more. If investors have the same positivity, as well as the price.
Agree that 2021 is an extraordinary year because ATH was formed even though it was outside the desired predictions, but now it has been missed even though the halving period has not yet occurred and this is something that is quite surprising because no Altcoin itself can do the same thing.
You are right, for those who have held it for a long time, of course, they have made a profit, but it is not optimal and this is normal, because you can be sure there will be a new ATH again, perhaps in the next year with a more significant one, because if you look at the previous ATH, it was formed before the halving.