#BTCPrediction – Heading towards 120 thousand? Or is it time to take profits? Bitcoin has already broken the $90 thousand mark and is now flirting with the $100 thousand mark. Many thought it was impossible, but those who understood the post-halving cycle are reaping the rewards now. Historically, one year after the Halving, BTC reaches its peak. The question that divides the market: Will it go beyond 100 thousand or will there be a heavy correction coming? The fundamentals are stronger than ever: • Approved ETFs • Growing institutional demand • Reduced supply • Increasing global adoption But be careful: every historical peak attracts profit-taking. In any case, I am betting on the rise of the currency for various reasons. What would you do if BTC hits 120 thousand?
ChatGPT said:
Of course! Let's break down this text into parts for easier understanding:
General summary
The text is an opinion analysis about the current moment of Bitcoin (BTC), highlighting the appreciation of the cryptocurrency after the halving (an event that halves the mining reward of BTC) and raising the question of whether it's time to hold the investment or take profits.
Detailed explanation
1. Current situation of Bitcoin
"Bitcoin has already broken the $90 thousand mark and is now flirting with the $100 thousand mark."
BTC is rapidly appreciating and is close to reaching an important milestone in the market.
2. Reference to Halving
"Many thought it was impossible, but those who understood the post-halving cycle are reaping the rewards now."
Historically, the halving generates a strong appreciation of BTC, usually in the following year. Those who bet on this are winning now.
3. Central doubt
"Will it go beyond 100 thousand or will there be a heavy correction coming?"
The big question in the market: will the price continue to rise or will it suffer a drop (profit-taking)?
