If the Look Into Bitcoin price prediction below is to be believed, Bitcoin’s next all-time high will be at least $110,000. In recent years, the Look Into Bitcoin indicators have been surprisingly accurate at predicting the highs and lows of the Bitcoin price.
Should we sell for $110,000 in the next bull market? This graph seems to suggest that.
Past results are no guarantee of the present
However, remember that past performance is no guarantee of current performance. It could be that Bitcoin’s peak will be much higher during the next bull run, for example because the whole world is betting on Bitcoin because of the spot Bitcoin ETF from entities like BlackRock.
On the other hand, it is also possible that due to the interest rate increase by the central banks, we are heading for a serious recession, which could turn out to be much less positive than everyone now expects.
In short, you should always consider all financial market scenarios and not just focus on one story.
Unless, of course, you like risks and are convinced that your only strategy is the final one. Ultimately, the best way to trade the financial markets is a little different for everyone.
Bitcoin price above $100,000
Will we see the Bitcoin price above $100,000 in the next cycle? This appears to be the natural next step in Bitcoin’s evolution, should another bull market occur in the near future.
The last bull run took us to the $69,000 mark in November 2021. In this regard, the step to $100,000 from this level is no longer very big. Especially when there is no big hype.
In times like these, things can happen very quickly, as we know from experience.
Source: BtcDirect
Source link
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
