cryptocurrency , , ,

Bitcoin’s Soon to $100,000 Because Of Cup and handle Pattern

If we have enter at 74000 then we are up to 24% now Target can be 120k but its too far right now

image Bitcoin’s Soon to $100,000 Because Of Cup and handle Pattern

There are many more reasons too:-

  1.  Investment: More institutionals Banks, including hedge funds, are adding Bitcoin to their portfolios as a hedge to fight against inflation and economic uncertainty.
  2. More demand Less Supply: There are less supply than demand, which helps the Bitcoin to move up
  3. Approve By Country: Countries like El Salvador adopting Bitcoin as legal tender and growing use cases for Bitcoin payments indicate its rising relevance.

Technological: Innovations such as the Lightning Network make Bitcoin transactions more faster and more scalable and , enhancing its usability

Bitcoin will reach $100,000. You can catch this if you know this.

What is Bitcoin?

Bitcoin is a type of cryptocurrency they are so many crypto like xrp, Solana and many more, Bitcoin is decentralized digital currency that dose not operates by  central authority like a bank or government. It is used in transaction which are fast and we can buy goods and services.

What Is Cryptocurrency?

Cryptocurrency is a digital form of money that operates using blockchain technology. cryptocurrencies are decentralized, meaning they aren’t controlled by  any bank or government. Instead, they rely on a peer-to-peer network to validate and record transactions securely.

Compare Of Bitcoin And Gold:

  1. Risk And Reward:
    • Bitcoin’s is very volatile and can give more ROI in short term as compare to gold
    • Gold, are less volatile and, making it a safer investment during economic uncertainty​
  1. Beats Inflation:
    • Gold has always helps to beat inflation during economic crises and was always a best option for many people.
    • Bitcoin, is referred as a “digital gold, which also helps to beat inflation but are more risky compare to gold
  2. People Trust
    • People trust more on gold because big banks invest in it and is centralized
    • Bitcoin is new but are unregulated because they are decentralized

    In summary, while Bitcoin can generate much higher ROI than gold over short periods,

    But it include risk also

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