I know that alot of people have heard or read about several predictions before now which stated that bitcoin price is expected to touch $100,000 above by end of 2022 or the first quarter of 2023 and that led to a hype which made so many individuals to witness a FOMO on the bitcoin market during that time when those predictions were made..
The question is , does the predictions still look feasible?? Can bitcoin break its current ATH and touch $100,000 that some analysts were predicting will be the new ATH by 2023??
Well in my own opinion , YES it is possible, How realistic is it ?? Well not realistic based on the current crypto market behaviour as a whole ..But it can still happen because anything can change on the crypto market even within few hours...
But when we look at the general state of the crypto market , the world financial problems is having negative effects on the crypto market itself e.g the US inflation is having its side effects on the crypto market and has led to bearish market on the crypto industry..
If the market becomes bullish again , then we can see a new ATH on the bitcoin market but the truth is that no one knows exactly when it will happen.. .