– Bitcoin could hit $100,000 in 2024, but the journey there might be more of a slow stroll than a speedy sprint.
– February was a dazzling month for Bitcoin, successfully striding past the $50,000 milestone, making even the most guarded investors crack a smile.
– The optimism was undeterred by the January CPI report’s figures, showing a 2% drop but still less than a hiccup in crypto land.
– This excitement, however, has led to a rally that seems more psychologically driven than by solid fundament.
– Expect a lot more of the slow-paced price action rather than drastic climbs; 2024 will likely differ greatly from 2021’s surge.

A stroll, not a sprint to the $100,000

The blockchain slow dance

It’s a marathon, not a sprint

Buckle up, Bitcoin lovers! If you thought you were in for a roller coaster ride to the $100,000 mark, think again. It’s more like a slow ferry crossing. February was a head-turner for Bitcoin, showing off its newly-acquired $50,000 feathers. But let’s not get ahead of ourselves just yet; the sharp turn from the January CPI report didn’t dampen the spirits, and Bitcoin just shrugged it off. The lighter than a feather 2% drop is just a pinch in the realm of cryptocurrencies. As tempting as it is to compare this with the 2021 bull run, don’t be fooled. It appears this rally has more to do with our emotions than with the nitty-gritty statistical data. So, sit back, grab some popcorn, and enjoy the extended show. Because reaching the dizzying heights of $100,000 by 2024 is going to be less of a sprint and more of a leisurely marathon. #SlowAndSteadyWinsTheCryptoRace #MarathonNotSprint #2024BTC.Original article: https://cointelegraph.com/news/curb-your-enthusiasm-crypto-prices-move-quickly-you-think