Bitcoin is currently hovering around $66,000, and experts predict that it could spend a significant amount of time at this price point. However, the concept of HODLing, or holding onto Bitcoin for the long term, could potentially change this trajectory.
HODLing refers to the strategy of holding onto Bitcoin rather than selling it in the short term. This practice has become increasingly popular among investors who believe in the long-term potential of the cryptocurrency.
If more investors continue to HODL their Bitcoin rather than selling it, it could lead to a decrease in the supply of Bitcoin available for trading. This decrease in supply could potentially drive up the price of Bitcoin, causing it to surpass the $66,000 mark.
Ultimately, the future of Bitcoin’s price will depend on a variety of factors, including market demand, investor sentiment, and regulatory developments. However, for now, it seems that Bitcoin could remain at $66,000 for a considerable amount of time, unless HODLing changes the game.