RE: Market Predictions & Sentiments| Why You Should Make/Hold Them.
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I remember this time last year the fear and greed index had people almost shitting their pants. That was when forecasters said we’ll see those outrageously low BTC prices and the “BTC to zero” people took the stage. But most of us remain indifferent because we just understood how the market works.
BTC has done at least 2x the price we started the year with and that was a slow transition from the bear market. This coming year, we should see at least another 2x, which in itself, already surpasses the previous ATH. I’m excited!
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38k currently times 2 that's about 74k if I'm not mistaken and that would have been more than the previous ATH, some are even predicting 100k the end of 2024, however, I feel that the price might truly go up but 100k is a lot. You're right, by this time last year, a lot of people were just too scared. It goes on to show that sometimes the market recovers even more than we expect it to.
Yes current price is currently just a 2x away from the previous ATH.
Man I'd love to see a 100k BTC, not because of BTC itself, but for what that would mean for Hive. What excites me is knowing that a 100k BTC is inevitable, but simply a matter of time.
It's inevitable, matching the previous ATH is possible by 4th quarter of 2024. It means tremendous opportunity for the alts, especially for hive, it's going to be incredible.