Bitcoin will reach $100,000 by the end of 2021.
In mid-2020, a few days after the third Bitcoin halving, I still remember making this bold prediction in one of my articles. It is always difficult to make this kind of prediction because when you are wrong, which happens very often, many people start blaming you for the lack of accuracy of your predictions.
As I always say, this is just my opinion. Nothing more. Since I don't have a crystal ball at my disposal, I can't give you any guarantee. Just sharing my opinion. It is up to you to integrate this into your thought process before making your own decisions.
At that time the price of Bitcoin was between $9K and $10K and it was like nothing was happening. Many were even beginning to find Bitcoin boring. As July 2020 began, I urged my readers not to confuse the signal with the noise:
It is important to focus on what matters to Bitcoin
As I explained at the time, learning to focus on what matters to Bitcoin is essential. Its short-term price may indeed be completely at odds with the fundamentals. At that time, this was already the case. All the data in the chain showed that the revolution is moving in the right direction. The effects of the halving on the price of Bitcoin were not felt and this was quite normal.
Throughout the summer, Bitcoin stayed in this $10,000 range. Some people took the opportunity to accumulate more and learn more about Bitcoin. Others made the mistake of leaving this world in search of more "exciting" assets.
Still, it's a good thing that Bitcoin is a boring asset every now and then. This is part of the three basic market phases that you must learn to master . Use these moments to upgrade your knowledge and accumulate more BTC for later.
This advice has always worked so far and will continue to do so in my humble opinion.
Forecasts remain only expectations that always collide with reality
To take advantage of this, you need to accept the way the price of Bitcoin progresses. There are expectations on one side and reality on the other. At the time of the third Bitcoin halving in May 2020, the expectations of new investors were high. They all thought that the supply shock would send the price of Bitcoin straight to the moon.
That didn't happen. Some managed to accept reality. They were then rewarded when the Bitcoin Bull Market started in late 2020.
While the Evergrande FUD was spreading through the markets and causing the price of Bitcoin to crash in September 2021, I was still telling you how optimistic I was, that the price of Bitcoin will reach $100,000 by the end of the year . I suspected that this FUD would eventually go away once it was appreciated by investors.
When the price of Bitcoin reached $69,000 on November 10, 2021, everything was in line with my expectations. The zone from $75 000 to $80 000 until the end of November 2021 yr and then jumps to $100 000. And then nothing happened as expected. My expectations and those of many others were disappointed. Reality took over.
If you are unable to accept that reality is very often different from expectations, then you have the wrong view of Bitcoin
A leveraged flush occurred on the night of December 3-4, 2021. , and the price of Bitcoin reached its lowest level of about $42,000. Today we are at a price of about $49,000, while bitcoin price has been moving sideways since this episode . It's priced between $46,000 and $52,000, and each has a few big questions:
- Who will surrender first? The Bears or the Bulls?
- When the breakout happens, what will be the next bitcoin price trend?
This is the current reality. Many are panicking that we are in a bear market. That's not my feeling. My belief is strengthened by the on-chain data I follow closely. Whales are steadily increasing their positions, while BTC reserves on exchanges just hit a 4-year low. Also, miners do not sell their BTC reserves.
This is one of the many signs that tell me this Bull Market is not over. But again, these are expectations on my part. These expectations will have to face reality. $100,000 will not be reached until the end of 2021. Always that reality that took precedence over expectations.
When that happens, and it happens all the time in a free market like Bitcoin, you just have to accept it. Analyze the situation and move on. Will Bitcoin price not reach $100,000 by the end of 2021? If you can't deal with that reality, you probably aren't in this world with the right vision.
Accept reality to benefit from it
Bitcoin is an incredible monetary revolution that will take time . If you want to take full advantage of Bitcoin, you need to be able to commit to a minimum of 5 to 10 years. Those who can will be greatly rewarded. The rest will be constantly in trouble when faced with the clash between expectations and reality.
The reality of the Bitcoin price is that it moves in successive upward waves, interspersed with more or less pronounced corrections. As the only truly free market in the world, the price of bitcoin depends on at least 8 main factors that you should learn about . The more you know about these factors, the better you'll be able to react when its price volatility causes the market to panic.
Because it is precisely in those moments when reality destroys the perhaps overly optimistic expectations of others that new opportunities are created. It's up to you to take advantage of them.