Bitcoin is holding its breath. Yes, friends, Bitcoin has been hovering around $120,000 for a few weeks now, and it seems like that's becoming an active resistance. This shows us that its jump was small this time. How we long for those 5x or 10x jumps of yesteryear.
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It seems like centuries ago, but in reality, it was barely a breath away. The truth is that although the variation seems small, the volume is incredible. It will be increasingly difficult for Bitcoin to make big jumps, but that doesn't mean it doesn't have a long way to go. Most people think that in the medium term, 1 million isn't crazy. After all, it would only equal gold. Today, it seems like a small thing.
I largely agree, although my theory is that it will go much further in the medium to long term, as cryptocurrencies will replace the financial system as we know it today. If Bitcoin occupies a dominant position, which it will, then 1 million will fall short. But only time will tell.
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