I think it’s very unlikely we will achieve a price of $200,000 per Bitcoin in 2024. It just seems unlikely, it wouldn’t match with the historically repeating four year cycles. I think very possible the price of one Bitcoin hits $100,000 but $200,000 & potentially much higher will more likely be in 2025.
It is estimated that in the next few months there will be a correction, which will provide encouragement for Bitcoin to reach its highest level.
I agree with you that the possibility of 2024 will only be around $125K-$150K if there are no obstacles and will not be able to reach $200K, but it will probably happen in 2025 at the same time as the highest ATH that usually occurs every 4 years.
There have been several waves of price declines that occurred some time ago, this is a sign that the bitcoin market condition is starting to slow down, Whales also have to sell assets to pump bitcoin again to a high price of $125k.
The whales also need a lot of money to increase the price of bitcoin. Currently the altcoin season has not yet appeared. So I hope that in 2025 many altcoins will increase their prices. Take advantage until the end of this year there will be lots of coins at low prices.
During those two months, it was felt that the price of Bitcoin was indeed in a stable situation with the continued range. There was no turmoil that was very desperate to go down or might rise and not yet visible. People could regulate the movement of Bitcoin by selling assets, but if it is not supported by the community, it will not be felt.
The Altcoins season is not yet visible and indeed requires encouragement from Bitcoin and that will be possible at the end of this year, remain patient and wait for the meoment.
