100K and now what

in #hive-16792217 days ago

Bitcoin has broken its historical highs again and for the first time has surpassed 100K dollars. This is something that has been coming for a few weeks and it has happened. And the question now is what will happen?

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Personally I am a little disappointed because I thought that the resistance would hold at least until the end of the year and that, although it seems a contradiction, would be good because once it is surpassed it would be a stronger support. Now the 100K will remain a more psychological support than anything else.

Anyway, this is simply a momentary observation because Bitcoin is still bullish and with a much higher development ahead. Let us remember that if it competes with gold to be a reserve asset, that would take it to almost a million dollars per Bitcoin. Although if you read me you will know that my thesis is that Bitcoin is much more and its ceiling is much higher. Although do not think that this will be in the short term.

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