Topic: $90k is hit! - page 2. (Read 191 times)
It will be interesting to see how, with this latest bull run, BTC has reached new heights at Bitcoin touching 89,850 dollars. Holding out for a better buy-back price may be worth it, but one cannot say whether a significant dip will come soon. This set of factors includes Bitcoin ETF, which started in early 2024, and changes in macroeconomics after the US election that seem to push it upwards more steadily than during previous runs. Maybe a little patience will serve well, but it's good not to overthink corrections that may or may not happen.
I guess right now, the real question is when Bitcoin will finally stop pumping. We’re witnessing a full-blown bull run, and if history’s taught us anything.. it’s that wild things can happen. Everyone should approach this price action with a different mindset.
1-For short-term investors: don’t get greedy. Take your profits and step out when you can.
2-For long-term holders: just keep HODLing until you hit that target price.
3-For day traders: stay bullish, ride the wave, and keep stacking those profits.
Next topic? Hitting that $100k milestone.
1-For short-term investors: don’t get greedy. Take your profits and step out when you can.
2-For long-term holders: just keep HODLing until you hit that target price.
3-For day traders: stay bullish, ride the wave, and keep stacking those profits.
Next topic? Hitting that $100k milestone.
Usually in any market, even more in bitcoin's, breaking the resistance is hard. In this case breaking $70k was hard. And after that the resistance dwindles. The next hard thing was probably $80k, from there reaching $100k is the easiest thing because it will be met with the least resistance (or sell pressure).
After reaching and breaking $100k things may get harder because it is a round number and usually people sell at such targets (for no logical reason!). If the momentum is strong enough to counter that sell pressure, we may see much higher prices.
After all the capital is coming back to the market, and bitcoin intrinsic value should be a lot higher than this considering over the past couple of years the adoption has grown but price has been suppressed due to recession and high interest rates.
After reaching and breaking $100k things may get harder because it is a round number and usually people sell at such targets (for no logical reason!). If the momentum is strong enough to counter that sell pressure, we may see much higher prices.
After all the capital is coming back to the market, and bitcoin intrinsic value should be a lot higher than this considering over the past couple of years the adoption has grown but price has been suppressed due to recession and high interest rates.
Bitcoin already reached the new ATH but that will not stop on that price. I believe Bitcoin price still increase and break the last ATH and make a new ATH. But we still don't know what is the real ATH as that still a mystery and no one will know. We can only sell our Bitcoin at any high price we want so we will not regret of what we do later. Yes, it is not the end of the world while Bitcoin will gets correction so you can buy back Bitcoin at a lower price although you need to wait for some time to buy Bitcoin. The decision to sell our Bitcoin will depends on our goals and if our target price is not reach now, we can still hold for more and wait until the price increase to the price we want.
I had my doubts that maybe the highest bitcoin will reach at least in these few next days would already be $89k. A lot of us have opted to swap our coins to stablecoins or maybe has converted it into fiat already to maximize the profits and then plan on buying again once it dips. But I see now that I have taken it out of bitcoin a little way too early. I am not here to share regrets but to remind everyone not to get too swept up by emotions. If I were a lesser man, I would probably buy again because of FOMO but I know better and I am just accepting my decision and standing by it. It is not the end of the world and this will not be the highest bitcoin can get to.
Just a simple reminder that do not be impulsive with your market decisions and think long term plans! Goodluck everyone. May this bull run be fruitful for everyone.
Just a simple reminder that do not be impulsive with your market decisions and think long term plans! Goodluck everyone. May this bull run be fruitful for everyone.
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