In investing, there are always unexpected surprises. That's why people often say to go up... down...😅.
So, it's important to think about how to keep your wallet safe; losing 10-20% is one thing, but if it crashes too much, who knows when you can recover.
It may seem to rise rapidly, but a rapid decline can also happen due to factor x.
Factor x refers to unexpected incidents. Events. They have nothing to do with technical analysis, but their impact is significant.
First of all, who buys $BTC at a price of $100,000, and is this price reasonable for the average person's wallet in society? I think for the spot market, no one would buy at this price. When will it double or triple?
The risks of options trading. Who would choose to buy at a higher price than $100,000? Or will they choose to sell at $100,000?
If BTC goes beyond $100,000, I think only whales, which are organizations playing with the bookmaker in BTC, will remain. Individuals probably cannot sustain this bubble.
Only futures trading remains as a common playground in BTC.
So, it must crash inevitably. Selling at a lower price when there is no liquidity for the upper price range anymore. When loans are due and no one can be found to buy at a higher price.