Cheers to all decentralized system supporters and bitcoin supporters!
It's official! Today, Bitcoin is valued over $100,000. This was seen as wishful thinking and unthinkable not too long ago.
Bitcoiners have been anticipating this day for years, and it has finally arrived. Is this the moon, or is this only the beginning of the journey? It became clear in November that $100k was within grasp. Despite our best efforts, we were unable to reach the intended location. Although many have said that $100,000 is the psychological barrier, many others anticipated that it will happen before the year was out. I had no doubt that it would arrive before the following year. December had to complete the preparations, which were mostly completed in November. It's not even mid-December yet. The month has just begun, and bitcoin is off to a great start. The next goal is to end the year with another record-breaking, noteworthy one, now that the $100k price point has been broken.
This day will certainly go down in history as a significant victory for decentralized systems and a significant accomplishment for bitcoin. As its seen as a new milestone for the cryptocurrency market. Soon every discussion going forward will most likely include a new price goal of one million. It appears impossible given that it's so far away. But it's much Similar to how we questioned whether bitcoin would ever hit $100,000 a few years ago. It is now a reality. Bitcoin was selling for around $10,000 not too long ago. Given its past history, it is reasonable to assume that it will soon hit the $1 million price point. This is included in the journey's blueprint as well.
One of my indicators, which I refer to as a triangle, produced a bullish signal on an hourly chart earlier today while I was examining the prices before to the $100k event and examining several timeframes. I realized that its going to happen and it happened, the $100k and still bullish. This is Awesome!!
[Source](BTC USD — Bitcoin Price and Chart — TradingView)
Well, with what we are seeing the price keep going up, we don't know what expect next. It is possible that there will be a significant revision, or a period of cooling. However, The mission is complete. Regardless of what to expect in the future, at least it has hit the mark, we can now state with confidence that bitcoin is worth over $100,000. As result of the fact that this asset consistently breaks its prior all-time high pricing and sets new ones. Everyone who acquired bitcoin today is a winner, regardless of the purchase price. In the days and weeks to come, this might not be the case. Some people will eventually be in the negative. But if they have enough time to hold, they will also be in a favorable position.
This achievement can be attributed to several factors. The US elections are being won by a pro-bitcoin president. The US elections were won by a pro-bitcoin Congress. MicroStrategy adopted Michael Saylor's new Bitcoin Treasure corporation approach, which involved the corporation purchasing enormous quantities of bitcoins in November alone. success of institutional investments with bitcoin spot ETFs. The possibility of governments being involved with bitcoin in the years to come.
Nevertheless, this was bound to occur. Long before all of the previously listed factors existed, this pricing point for bitcoin was established. However, the same justifications applied without naming the real players that took part. At various points during this voyage, we anticipated interest from individuals, businesses, and governments. It's fascinating how everything has gone almost exactly as it was predetermined in a screenplay.
The fact that Bitcoin reached $100k opens the door for additional cryptocurrency solutions for those of us who are also interested in and invested in alt currencies and other decentralized systems. Few altcoins have made notable increases thus far. But as of yet, there hasn't been an alternate season. Now that bitcoin has accomplished its goal, perhaps more intriguing price movements in other cryptocurrencies will follow soon.
No doubt that this has opened doors for other cryptocurrencies to grow and regain its place in the market. As the year draws to a close and the new one begins, there will be more positive developments in cryptocurrency and decentralized systems.