Regardless of the market condition or the current setback, scratch that the current retest of the former strong resistance, now turned support hopefully because the price of Bitcoin is currently bouncing off it, after falling below it the last time when it broke through it for the first time, maybe this time it will bounce off properly, but that aside, the button line is that Bitcoin has no rulers but rules nevertheless and is a symbol of hope for a better tomorrow, potential financial freedom if you play your cards right and know what you are doing because the market can be brutal and if you don't know what you are doing, you could gamble all your money away but that will be on you and not the market. those who focus on the fundamentals and always improve on their knowledge of the crypto space will always stick around and win in the end.

Could Bitcoin Hit 100k This Year

Honestly, Bitcoin is a highly volatile asset meaning it can correct massively over a short period of time and it can also pump massively in a short period of time too, so no matter how it might look right now, always think long-term and also zoom out on the chart over a 10 years time frame then you will realize that Bitcoin on the larger scale is always bullish. We are in August which means four (4) months till the end of the year, so many people would soon start predicting that Bitcoin will close the year at a $100k price as usual since 2020, so is it possible for Bitcoin to go from $23K to $100K within 4 months, I would say yes it is possible, all it needs is a good catalyst to push the price up and start up the long-awaited bull run.

Bitcoin adoption is high already and it keeps on increasing daily, weekly, monthly, and even yearly, so the price of Bitcoin will continue to appreciate over time. The best strategy for success in Bitcoin right now is to either DCA in constantly or just buy and be patient. Bitcoin is designed to always appreciate.

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