Bitcoin is currently on a tear, and many people are expecting it to continue its upward trend. However, some analysts are cautious about the extent of the bull run and believe that Bitcoin’s best gain in this cycle is around 30% to 40%. This could be the best time to exit longs, but not all at once.
Ownership shifts every two years, especially when prices turn from bearish to bullish. Therefore, it is possible that BTC holders will sell and book profits. The best approach is to gradually sell as the coin churns higher, printing fresh all-time highs. This will protect their baselines while maintaining their tempered expectations of massive returns.
Bitcoin’s demand is soaring, especially in the United States. The Bitcoin Coinbase premium index is back in positive territory after being negative. Whenever it shifts to green, more people in the United States rush to buy BTC, outpacing others who choose Binance, a popular global exchange. Combining the two and factoring in a Donald Trump presidency, Bitcoin may rally.
Only time will tell how far Bitcoin’s price will spike, and if $100,000 is inevitable.
