Bitcoin is approaching my target of $110,000, which I believe could be a critical moment. It's either gonna bounce off this 7-year trend line like it usually does, or it could break through and head into new territory. This sharp increase today might be connected to concerns about stagflation next year, especially since inflation is still high and job numbers aren't looking great.
Just do what you have to do, if that is your target for so long and you're at a decision point. Do what you think is right to do. You can also wait a little bit longer since we're probably not yet on the peak for Bitcoin's bull run. So, you have the encouragement to make some decision and this is crucial because you'll have to sell what you have to sell. But if you don't, you're still fine, that will become either paper loss or paper gains. That's all you have to do and if you have decided to sell, you have to plan out your accumulation for this cycle once again.
Or it will mean that we will have super cycles, or what other calls mega cycle. Well we've seen uncharted territories already when we have a bull run prior the halving and then the price going on a sideway patterns for many months until this breakout that we have after Donald Trump won the election.
So it's not going to be new to us if we conquered this unchartered territory. We still have the final leg of this bull run next year and others have anticipated that it will be one of the biggest, just like what we have seen in the month of November. Maybe we will see the real effect of this big cycles in the bear market. But for me, I will say that the price will continue to go up before the end of the year.
There are many things as you have perceived to draw out from this recent market pump, the all time high continues and then we are looking towards it effect over the financial economy, despite the fact that we are not sure of when and how will the market react in the subsequent days remaining in this year 2024, we can still be optimistic about the performance in bitcoin in getting close to our planed budget over the market price as the bullrun may continue till we enter into 2025.
Those saying bitcoin will reach $100k were speculators, same were those who said $120k and also those who say above $150k, bitcoin has the potential to achieve all the predictions we all predicted but their is also possibilities of it not happening too so the safest option has always been taking profit when you have the opportunity or when youre price target has been reached already. If you still have the doubt that it hasnt done its pump then you can simply just take partials and allow the remaining one to ride on.
For me though even if there is an upcoming correction after the $110k is reached I dont think it will be that bad because I feel we are going to be bullish next year just like we ended this year after that just like in the past trend the market will now have his proper correction then and those who didnt take profit might have to wait again for the next cycle
any price you feel that Bitcoin will you reach bitcoin will definitely get to that particular price because many people is embracing Bitcoin since Donald Trump embraced Bitcoin so I believe that Bitcoin is something that has to do with a good thing and I know quite well that Bitcoin will ascertains on something level in price, advice to people is that they should do invest in Bitcoin or purchase a Bitcoin and hold for long time so that they price will definitely make them to make a profit hold bitcoin until the price hits three hundred thousand.
Inflation is here to stay, that's the reality.
It will rise but maybe next year there will be a slight slow down of it because of new regime that shall happen in the US. But still, that won't stop it so that delay might do something else for Bitcoin.
You're at a point where you need to check yourself because for every action you do, you might regret it later. Always have a plan and contingencies, that's all I'm going to advise to you whatever decision end up doing.
By target inflation is the stated aim of the Federal reserve so in a flip of logic instead of defending the value of the Dollar they constantly devalue it by 2% every year. Its contradictory, even with perfect aim that means 81% remaining value after each decade so it adds up.
What actually happens is an overshot and excess inflation, especially as its a measure which varies. Certainly the amount of new dollars issued is far more I think because of government overspend.
110k for Bitcoin Ive not heard before especially but because of the above but also true anyway is price varies by the time it occurs. I'm sure we can surpass 110k in future and it wont be a great restraint but common sense says we could see people take profits especially in the next months.
Yeah, that number at the end of the year is going to be huge and we don't know if we can get to do, but who knows, there's a lot of surprises specially this month alone as we have seen ATH after ATH.
And so I don't think that we will have a breaking point at $110k. Obviously it can go higher before the end of the year. Or even if it goes on a correction, it doesn't mean that it will be rejected and I do think that we will stick with the 4 year cycle bear/bullrun, regardless if there is a inflation or job data weakens.
Yeah, 110k Bitcoin could be like the turning point where it decides to go for an unlimited run like I expect our if it's like bouncing back to 100k so we can't expect HUGE profits in the near future.
$110,000 is a strange marker to possibly "Cash out" which is what one of your potential decisions is
I suspect.
$100,000 was the price point for many to take profit possibly for fear that there was going to be a
"big crash" following - which didnt happen yet
There are many "trend lines" which Bitcoin follows and its up to everyone who feels inclined to analyse
those as they see fit.
There are also many aspects of politics, society, government policies etc which influence people to make
financial decisions but in the end of the day Bitcoin has always been on an upward trajectory to its
up to everyone to HODL or not for as long as they want.
The choice is yours Troytech, nobody is going to tell you that $110k is the top or that $200k will be the
top for 2025 because nobody knows what the next 30 minutes, tomorrow or next year and beyond holds
Yes I fully agree, for limited supply markets with probably great future ahead, only the sky is the limit. People often think only in short time periods but blockchain and cryptocurrencies are just about to get started with like 2018 we still had Bitcoin prices of 6000$ so guys you won't imagine how crazy Hyperliquid, Bitcoin, Ethereum and other good L1 chains will perform in terms of their prices
$110,000 in Bitcoin price shouldn't be a decision target for you because is just like every other positions it has cross lately so there is nothing special about that price and besides if there should be such patterns of target is mostly from certain numbers such as $150k and $200k because if go back to follow the price the main target was $50k and $100k, so actually the number you mentioned is nothing for Bitcoin to break and we even witnessed how $104k moved to $107k on the following day so don't be doubt that the $110k will be a past story in the next week or two weeks from now, so you can go ahead if you still think Bitcoin price of $110k is a big deal for you.
I dont get involved with anything other than Bitcoin! all other crypto is totally subjective and is a gamble
of which I am not going to make and I would recommend others to stay away from too.
Someone telling me on youtube that I can make "Millions" with the next super brilliant - ahem memecoin
just doesnt stack up for me.
Blockchain and cryptocurrencies can all be lumped into that pile of nonsense and separated from Bitcoin
which stands apart from all others.
Bitcoin is now digital capital
Just don't become too greedy. If your target was 110K, then you should sell part of your holdings and wait with your fiat. Do you think Bitcoin will continue to rise for infinite? Surely not. We will see corrections and you will have a chance to buy again. If your selling point is 110K, then go for it. Otherwise, you may regret if a correction comes and you do not sell your holdings.
Make sure you do your own research. I am not going to take responsibility for your loss or your profit. FYI, most people are saying that Bitcoin could reach 150K in the next six months or so. If you think you will for that, it is up to you.
The price now is down to $104k after rise to the high price but you should now worry because the correction will be gone soon. If you still want to accumulate more Bitcoin, you can buy back at this price and place your order buy in another low price. That will help you to accumulate in a low price and add more Bitcoin to your wallet. You need to decide by yourself and not just follow what others suggestion because they don't know how your situation and condition are.
But before you decide, it is better you analyze the market to find what you need to do. If you think you don't have to buy back in this moment and still want to wait for more because you are sure the market will still go doing, you can do that and still wait for another down moment.
Buddy you're right and I think the price of Bitcoin shouldn't be the major problem for anyone now, the concentration of any bitcoiner now is the future, we have reach a point where we should be thinking about the future of Bitcoin and how we can benefit from the future price, Bitcoin keep moving bit by bit thats success in its entirety and as we aren't certain about the event that may likely take place in terms of the price in the coming days, that's why we should at all time do the needful, personally what keeps my mindset intact in Bitcoin investment is the fact that am aware that Bitcoin is a futuristic asset, so whatever happens doesn't really bother me since i already know that the future is bright with bitcoin, as a matter of fact am not after the immediate effect of Bitcoin price, what matters to me is the journey ahead to the future.
The bullrun itself has not taken place in full and Bitcoin price is where it is now that shows more hope rekindled, so for me I advise that we concentrate on doing the needful because we don't know what will happen next.
well, depending on when your entry points his, $110k might be a big deal for you but if that is the case, i don't see any big difference between the peak prices we have seen above $100k and what you are looking out for. the kind of emotional sentiment that will come with $110k won't be as high as what happened at $100k. i had expected some correction at that price and even though at $110k there will still be some reaction and tendency of selling, it won't still be too renounced
$135k by December 31st is a very ambitious number even though it is possible but $110k by the end of the year would be a possible position we might end up seeing.