Bitcoin Hits New High, Eyes $100k

  • This topic has 10 replies, 1 voice, and was last updated 2 weeks ago by BTC Ben.
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  • #194785 Reply
    Christian Harris
    Participant

      Bitcoin climbed by over 2% yesterday, reaching an unprecedented $94,105, as market participants weighed the escalating tensions between Ukraine and Russia.

      The digital currency is gaining recognition as a potential hedge against geopolitical uncertainties, even as debates persist over its volatility and long-term viability as a store of value.

      Will it hit $100k by the end of this year? What do you think?

      Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener

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      • #194787 Reply
        BTC Ben

          Yes!

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        • #194788 Reply
          ToTheMoon834

            Personally I believe a correction is looming so I’m not convinced it will hit the 100k mark.

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            • #194835 Reply
              Trade2Day

                Even if it does get there it’s coming back down. It won’t stay there.

                I know the big boys are chucking money into it now but let’s not forget it lacks any intrinsic value. It is, and will remain, purely a speculative vehicle.

                For that reason, I won’t touch it. Don’t put money in Bitcoin unless you’re willing to see it go to zero, whether that’s in the near future or a long time from now.

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              • #194864 Reply
                Christian Harris
                Participant

                  A valid point Trade2Day.

                  Investing in Bitcoin (or any other cryptos) over the long term is undoubtedly high risk, but there are many short-term trading opportunities and you can make excellent returns if you get your timing right.

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                • #194986 Reply
                  Trade2Day

                    Ok yeah if you’re taking the short term view.

                    I guess an equally interesting question is: how soon after hitting $100k will it start tumbling back down?

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                  • #194833 Reply
                    BTC Ben

                      She’s still climbing! Up another 2.47% in the last 24h!

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                    • #194985 Reply
                      BTC Ben

                        Up 6.33% in the last 24h! She’s so close I can taste it!

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                    • #194789 Reply
                      Crypto Killer

                        Oh it’s gonna happen. We have the momentum and the geopolitical climate and new Trump presidency will only add to the uncertainty over the next couple of months.

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                      • #194791 Reply
                        Major Trader 35

                          So I reckon it will get there but I don’t know if it’s going to happen by EOY or 2025.

                          There is a sizeable options expiry of $11.8 billion on 27th of December and most are call options. If bitcoin hits the 100k point before they expire many could be exercised and we could see large volumes of Bitcoin being sold.

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                        • #194834 Reply
                          Dicky

                            These guys have it hitting 100k by the 22nd of Nov – https://changelly.com/blog/bitcoin-price-prediction/

                            You never know with crypto but it feels inevitable at this point and what a milestone it would be.

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