Bitcoin was trading around $88k when my friends started saying that bitcoin will dump.
But something in me told me that it will cross $90k soon and I told them the same.
Right after that, yesterday, bitcoin broke $90k and hit a ATH of $93.
I further believe that the new top will be around $120k but lets see how high it goes in this bull run.
120k is actually something that is achievable with bitcoin, especially now we have seen how far the bullrun is going. However, we still need to be cautious and avoid being too greedy so as not to miss out on everything because there are still chances that there might be a pullback before we even get to 120k and 150k people are predicting. Take note that it is not quite simple to predict the exact price bitcoin will land in the future. So, it is very necessary that we should have a balance between our optimism and a proper risk management plan. I personally prefer taking profits along the way as they come. Others may have different goals in mind.
A target like $150K-$200K for Bitcoin is not impossible, but we can never be sure, We can only speculate on one possibility. and many Bitcoin experts estimate that Bitcoin may cross $200K in the next year. But no one can say with 100% certainty when exactly this will happen, because Bitcoin is unpredictable. No one can determine its exact movement and direction.
But if we invest in Bitcoin for long term, there is always more chance of profit from it. Because no matter how much Bitcoin dump in the short term, it always goes up in the long run, and we can understand this very well if we study the history of Bitcoin.
The most important thing is to set your own strategy and goals and proceed accordingly. You need to set a specific goal and move according to that goal, a new investor in bitcoin investing should set a goal of holding the investment for at least 6 to 10 years.
or For example, you will continue to hold Bitcoin until it reaches $500K and sell once it crosses $500K, this such a goal.
goal for the moon, but keep your feet on the ground and move towards this goal. Only then can you be successful.