Bitcoin Has High Chances To Hit Price 120k

Free Images From Unsplash

Since 2022 some observers report that Bitcoin will hit 120k at the beginning of 2025 but these days after observing the market experts expecting it sooner so many of them expecting the price value at the end of 2024 or sooner. After corona pandemic bitcoin showed good performance in 2021 but the price value go down in inflation of 2022. And many investors experience the loss of millions. But its time to rising up and that's why bitcoin holders are expecting bull market closer. According to the news I follow, I learn that investors are selling their new coins.

Bitcoin is now a burning topic of market and we crypto lovers want to see it to the moon. Bitcoin may pump and expecting price 50k this year but it is still bellow 69k. At the end of 2021 the price was 69k and after several financial down and wars between Russia Ukraine the price started getting down. Bitcoin is no longer a baby crypto currency and already very trustworthy for many crypto investors. My excitement is not only for price boost of bitcoin but also for a healthy crypto market where Investors will feel secure to invest and can earn profit from it.

According to the recently information I learn that miners mining 900 bitcoin daily but they can sell some bitcoin because the super computer they use need power and the power need to be paid to run the process. If miners will be able to continue adding or supply good sum of bitcoin to blockchain then it definitely strong the cryptocurrency ecosystem. Though I need to collect more information on it. And the news I'm sharing maybe not new to many because since 2022 I'm hearing that BTC will hit 120k in next two years, if it is closer then its definitely better.

A healthy crypto market definitely encourage investors and also crypto earners. Recently I've read some more plans can be executed to increase the price of bitcoin. Miners selling their new coins almost hundred percent but they will hold bitcoin and may sell a little amount of it. When they hold more and sell less, at that time the price of bitcoin will increase as experts wrote in their report and many of you know that already. Many business accept bitcoin transaction, bitcoin payment, trading or many kind of financial use.

My title of this post is not misleading you because it is not something that not possible. Bull market and healthy market is closer and coins are showing good performance. I regret that I can't afford buying bitcoin right now but I personally know some billionaire who invested on bitcoin and became a whale in just few years. Bitcoin is a life changing asset and gold for today's generation who loves digitalization and smart technologies in finance.