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The bitcoin price prediction

L

lens1000

Member
AfriCoin
-3,610
Before we can make predictions of the bitcoin, we need to look at the long-term perspective but it is believed that bitcoin has the potential to soar in the coming years . The bitcoin price predictions are always intriguing but I would not be surprised to see bitcoin surpass $100,000 in the next few years .

We should not forget that the short-term fluctuations of bitcoin is expected and it does move extremely because of its high volatility.

The price of bitcoin is influenced by a lot of factors, ranging from the market sentiment to regulatory framework . It is also crucial for us to be optimistic about the long-term prospect and is advisable to diversify our portfolio in order to manage the risk that is involved in bitcoin investment
 
I would not say that bitcoin will not get to that price but I feel it will take a lot of time and it may even take up to five years or more than but you never can tell what is going to happen even though a lot of predictions are made
I just hope that it gets there so that the price of other cryptos can rise
 
I learnt about psychological barriers in trading and I think we can get close to, or even past $100k in the forthcoming bull run. But it's also possible price will find it difficult there because many people will be waiting to take profits and avoid losses.
 
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