Base on Coingecko, the highest price that is recorded is $67,276.79 and $66,930.39 on Coinmarketcap so we can say that it reaches the $67,000 price range.
Unfortunately days after its peak, it went down to consolidate a bit and now it is at the $63,000 price range and I think that this is understandable knowing that Bitcoin just passed its previous ATH, many sold out their holdings as well.
Am I glad that Bitcoin did the move? Kinda but not that much because I'd be happier if Bitcoin will reach $100,000 at some time next year
. Well, congrats to those who bought their Bitcoins at the $30,000 price range. Congrats for those who took the risk of buying near to that price because they've double their money just by holding
BTC.
currently the price of bitcoin is at $63K, meaning there is a decrease from the ATH that formed on October 20, 2021 yesterday, which bitcoin has done. This pattern always occurs in bitcoin, where after reaching renewable ATH it immediately drops back quickly, but this seems to be done to take a new leap to create renewable ATH again, which is normal and there is no need to worry too much.
because bitcoin is currently in the stage to continue to increase.
what you would expect for bitcoin to be as high as $100K, looks like it will happen by the end of this year and no need to wait until the year changes. it is possible that if there is no correction at the beginning of the year, it is not impossible that bitcoin will surprise by creating a fairly high renewable ATH.
obviously happy is when they buy it in the $30K price range which is now a great value, but don't sell it right away because there's still time to improve. For those who have capital even now, if you want to buy, there is no need to hesitate, to do so because it will definitely increase.
We will get there it is just a matter of time until this happens, however I will say that I am a little surprised by the setback, I really thought October will be all positive and the price will at least maintain itself before we made an attack to the 100k level, but it seems that things are not going to be as easy as I thought, but it does not matter, we know that it is just a matter of time before bitcoin begins to go up again and I plan to to be there and be part of history when bitcoin finally breaks 6 figures for the first time ever.
this is the advantage that bitcoin has, it always surprises even though many believe there will continue to be an increasing movement at the end of October, but still in the last week of October it still had time to fall. remember bitcoin can move up and down in a day with a high value, so no need to worry about that.
$100K will be able to be done by bitcoin not next year, I'm optimistic if you look at the graph that november will be able to be done even if it misses it will happen in december. because the prediction is that by the end of this year there will be an increase, looking at bitcoin's past movements in 2013 and 2017.
we hope and always will be there with bitcoin at the right time. hopefully many will be happy with the increase in bitcoin which will be accompanied by all altcoins.