I like prediction models. They give us a feel for what we should be expecting. However for the model to be accurate, it should give us a range and not a particular price. Did this prediction model say the 190k will be achieved by December 2024 or immediately after the halving. It's like that it would be by December but not a week or two after the halving.
I’m interested to know how they come up with 190K prediction because the typical price target using the past crypto cycle of doubling the ATH is just around 140K and this is my basis too instead of using exaggerated price predictions.
Wild price predictions without any supporting details just vague statement are somewhat useless. Price did not even reached 100k for people to have a conclusion of 190k bet.
It was a model that compared price one year ahead and one year after halving. The price prediction they claimed is for April 2025.
In past, there were slight correction after each halving but price changes are a bit different each time.
$190K is too generous IMO. It's more than double the current ATH.
What about you OP? What price plans do you have?
What about you OP? What price plans do you have?
I plan to sell most of it just below 150K. That would be a humble target in my guess. It would not be wise to sell all of it or stay put all of it when the price falls. There ought to be a fall after the high rise and if I get to sell in a higher price, I might be able to buy twice that coins when they fall.
$190k is not a very high target for bitcoin in this bull cycle. Personally, I am optimistic and believe that bitcoin can reach that number but I don't think it will happen this year. I predict that 2025 will be a boom year for bitcoin and the entire cryptocurrency market and we will see bitcoin reach its ATH in 2025 instead of later this year.
In addition, I am also optimistic that this bull cycle will last longer than the previous ones because we have many catalysts in this bull run. I consider this a super bullish cycle.
Considering the last bull, we have a large increase in institutional investors and the total liquid coins haven't increased as much. A super bull is not a far dream. 2025 could be it considering it takes some time after the halving for it to show on price.
