Now, after all things are said and done, would you consider this a good prediction or just another illusion that will be shattered soon?Making predictions on historical data is really awesome and sometimes helpful too because till now BTC is following the cycle that it followed every bull year. So I think until BTC is following that cycle hitting $100k for BTC is possible.
-I think Bitcoin if it wants to reach a price of 150,000 is not an illusion because the price is very much determined by the community and I am sure that in 2025 the price of Bitcoin will increase or maybe have to wait another 3 years, depending on market needs.
Now, after all things are said and done, would you consider this a good prediction or just another illusion that will be shattered soon?
In this article (https://azc.news/bitcoin-to-surge-to-150k-by-early-2025-id30662/), there is a strong argument that "based on Bitcoin's historical performance, it is likely that the price could surpass the $150,000 mark in the first half of 2025."
Now, after all things are said and done, would you consider this a good prediction or just another illusion that will be shattered soon?
I was certain of $100k, but I am not too sure of $150k. Sharp price increase always deludes one into thinking that it'll be easy to breach thousands after thousands, and milestones will keep on coming but a sudden stop ought to come.Anything can happen, and we have plenty of time in this uptrend to verify each prediction. We've hit 104K, and I've taken some profits. Future price fluctuations of BTC will only bring profits and no risks to my account, so I can accept any predictions about BTC reaching 150K or falling back to 50K :)
Although, I do think, price will continue to rise at least until first two quarters of 2025.
I'd like to remind there's reason why sentence "Past Performance Is No Guarantee of Future Results" exist. But it's definitely possible, assuming Bitcoin owner/investor perceive Trump fulfill most of his cryptocurrency-related promise or more country legalize Bitcoin without strict limitation/regulation.