Bitcoin Forum

From the last three months prices of Bitcoin are range bound and hovering around 3600$ .It seems that the prices are settled and waiting for the uptrend movement . Is it the start of the journey towards 20000$ again?

From a technical analysis perspective, a violent price movement definitely has a good possibility. But does it necessarily mean that the price movement would be upwards? Definitely not. As always, it could go either way. Before you know it, we could be at $3200.

Similar thing happened in the lazy months of August - November, but we didn't reach moon and have slid under $5000 which, almost everyone suggested, is an impenetrable barrier that we will never break because bitcoin has already reached its bottom. Normally when bitcoin is range bound, short stints of price increases are happening, followed by a rather swift and sharp decline . I don't really believe that we're in for a massive treat on the early months of 2019, but I could be wrong.

The very answer is that no one can answer that seriously.

The market instead of looking good it keeps on plumetting and starts to stabilize @ $3,600. Most of predictions says that if it goes down, tendency of falling to $2,800 is big. But I don't want to believe with those predictions because many of them failed.

you can't make the conclusion of an upcoming rise only based on the fact that price has been stable for a while. you should add other factors in then make that conclusion. for example the fact that this price is currently at the bottom of a 85% drop. the fact that price has been falling for more than year, and also the fact that the fall below $6k was the product of BCH fork attack and panic sell not normal circumstances.

We cannot ensure that for bicoin prices is the beginning of the journey to the top again. Because we can only predict it. And our predictions can be right and can be wrong. I expect the price of bitcoin to rise even if it doesn't reach the top.

Bitcoin has the possibility to increase higher and will reach 20k, but bitcoin's journey to reach 20k will not be easy and will go through a long process.

There's no specific time frame for the value rise back and explode again, what we need to do is to keep buying this cheap coins and hold till the pumped happen again, as long as there's believers who's willing to take the risk and keep holding their coins the value will rise again while the progress still ongoing.

The possibility of a price pump always exists, I do not think there is a way to predict when that would happen.
Studying the mining difficulty level and costs to mine one bitcoin the market value is similar to the cost of production.
More volume would be helpful in moving the price upwards.

You're way too early. Come back in 6 months and we'll talk. ;)

Price has really only been range-bound for ~ a month. If we're really lucky, the December bottom ($3,122 Bitstamp) will truly be the bottom of a final accumulation range (similar to $152 in January 2015). Another 6-8 months of sideways and I could see a new bull trend starting.

At this point, we might just be in a local bearish consolidation, like the red triangle below:

https://bpcdn.co/images/2016/05/grade7-bearish-pennant-after.png

A lot of people thought the same thing when we were stuck in the 6200k-6500k zone back in September-November last year, and then, completely out of nowhere, we went down to the current levels. Stagnation or the lack of major swings in price doesn't mean that we're consolidating to see a surge in price in the future, we could also see major price movements but on the way down.

If we reached the real bottom, then perhaps it could be the start of our journey to another ATH, if we didn't find the bottom then, prepare for a another drop.

bitcoin does not yet have strong power to start the journey towards $ 20k, there is no positive news that can trigger the current price increase. In my opinion this is not the right time to go to $ 20k.

Few people are seeing this and  very soon this is going to become a reality.  Traders are waiting for the trigger as the events line up this year are going to be bullish.  Today bitcoin is very cheap and buying now might be the best investment decisions in 2019.

Believers like me are willing to take the risk even though returns are subject for the market's movement. There's no certain return and period of time on how long we have to wait.

Such news gives encouragement to the entire community but that doesn't give a total impact but it does encourage. How I wish that we're going to see the price explode up to $20,000 and higher.

We have seen similar patterns in 2018, remember the price keeps hovering around $6000-$6500? So what we witnessed is the same, just trading sideways with a few spikes but definitely settling down around the $3500-$3800 which has a strong support. To a uptrend it needs to break that barrier, but so far we haven't seen anything that will tell us that a imminent reversal in on the horizon. Just probably another accumulation period so we need to take advantage like buying more bitcoin at this point.

I don't think this is going to happen.  I am expecting a huge drop eventually.  I can't see people rushing to invest in this market.  A few will but not nearly enough.  Its good money given over to other folk.  No I wouldn't do that myself.

Everyone wishes the same thing but its unlikely that we will see an increase upwards of x7 ever again that quickly. I doubt we will have an "explosion" to be honest and honest I hope it doesn't happen neither. We should be working towards going above 5 thousand first, that would be the smartest decision, first of all the coins we have will increase almost 20%+ if that happens, that is great.

Secondly we can move small by small, in 6 months lets go above the 5 thousand dollar mark, lets aim at above 6 thousand dollars by the end of the year. That way instead of an unsustainable economy we will have a market that is more decisive and stable instead of a unstable chaos. 20 thousand dollars times were great at the time and brought in many people but ever since than we saw how much destruction it brought as well, we need more stable increase instead of exploding prices.

Exactly, and people were heavily into using that period of 6 weeks (was it) of stability as proof that momentum was gathering and a recovery was underway, the bulls horns were sighted, and the bears were in retreat.

Ah, the folly of jumping the gun, and the wisdom of hindsight.

Sure, everything is in undersold territory but Bitcoin's never really been held hostage to anything of the sort, now, has it? I'd love for 2019 to be boring, but I haven't been given what I love since I entered.

The prices haven't settled (anyways, what does price rising have to do with stable price? ??? ??? ). We have  already seen such price stability few months back (october-november) where the price were between $7000-$8000 USD. Did we see any sky rocket after that? Nope. The same thing is happening now. The price is jumping betweek $3500-$3600 USD. We can't be sure that the price will go up or down (I am talking about short run).
And one more thing. We wouldn't want the price to jump directly to $20,000 USD. Steady rise is better.

sit down, close your eyes and ask yourself:

which option is more likely to happen: the price drop below $3000 or the price rises to $20,000?

my opinion? has a better chance of the second option. there is not much demand, as the price fell people got away from bitcoin and altcoins.


I also think so and that's why I've saved money to buy more bitcoins

No one can say 100% what will happen with bitcoin price, is possible to see in future a great grow and have the price going to new ATH and possible after Bakkt will start investing on bitcoin and get a nice profit all holders.

Are you a noob that just bought a legendary account? that's not how this shit works. Bitcoin price spends long time languishing, then short time pumping. Think of it like a dork who doesn't get laid much, who finds a short term hot girlfriend every few years.

You never got it, do you? If you look at the news and price trend you will notice that we are not going uptrend we going for another downtrend because the bearish trend is not done yet. That $20k that you are talking was history already and we wouldn't see it for a while since we are still in this bearish trend. Just wait and see for the rest of the months if there are changes because i don't see an uptrend changes.

I am always optimistic that the price of Bitcoin will continue to increase, indeed if you look at the current situation the market is in a stable phase and has not changed much. But on the one hand, currently the use of Bitcoin has increased and this has become a positive value that can help the volume of Bitcoin transactions get bigger. Stable movements and can slowly trigger much higher price movements, we just need to wait until finally the price of Bitcoin reaches a much better pase in the future.

Why uptrend? A dip to even lower levels is just as likely. There's no guarantee that we have passed the bottom yet, and even if we'll start recovering, it will take a minimum 1.5-2 years to reach $20,000 again. Or maybe the cycles are becoming longer now as the market matures, and we'll have another year of the bear market followed by even slower recovery, this is a possibility too.

That's correct, anyone can see that and it seems there is no more dump, and we will settle from that price at the moment.
Well, who knows, maybe and I think that's possible, everyone is waiting for that opportunity again but we still cannot get excited
since the current price has not started a pump. $20,000 is doable, it's been achieved in the past so I don't see any reason why it's not gonna happen soon.

Price of bitcoin is always unpredictable but I notice the more we hate the situation the better chance it rises.

Most likely those people praying for the price to reach $20,000 really doesn't understand how everything works in this market. They really thought that there's his on/off switch. We are still in the bearish zone and yeah, it could take 1-2 years to see the market fully recovered or possibility it might take longer because the investors are getting smarter and the market is also getting bigger.

On the contrary, a price drop is currently dominating. A lot of Bitcoin's analysis is waiting for $ 3200 and six levels. I hope that the opposite of expectations will be real, as is often the case.

That is what we are all expecting but it doesn't always happen in that way and we really need to understand how this market work in other to be able to invest accordingly.  Most times when bitcoin is hovering the price do goes down more than expected.  Investors are all watching this market and majority are waiting to see what news is going to create another direction before putting money.  I hope after this long halving it should be an upwards trending and bitcoin is heading back up.  Investors are to come in after a clear direction.

I know all of us are wishing to see 20000 $ again, but don't be so obsessed with that. We may not see this number ever again. Bitcoin is so unpredictable and I do not build big hopes for this year as well. The only probability for the next growth is halving of 2020.

Rather a journey toward $2000

Kidding aside, don't have a lot of hope for 20k in the near future as we may not see that price tag in our lifetimes again. Well, maybe, I'm a bit pessimistic here but let's be realists as it is not possible to get there without extreme speculation. That means we will crash as quickly as we get there. So I'd prefer small but steady gains which are backed by real adoption. In this way, you can be sure that Bitcoin won't crash overnight. And Bitcoin is definitely not the only pebble on the beach. There is also Litecoin if you wonder

Even if we reached bottom a month ago we will still have bear trap right before bull market will start. Bear trap will bring price close to the bottom again.   This is of course optimistic projection. Pessimistic is to find new bottom that is lower then $3200.

Yep, those are basically our two options. Sideways ranging or continued downtrend.

Ideally, we'd see something like 2015......Head to $5K-$6K now to establish the top of the trading range, then months down the road, come back to retest the December 2018 bottom. Maybe a spike below it to run some stops and create a Wyckoff Spring (https://ritholtz.com/2008/11/revisiting-the-wyckoff-spring/).

For me too early to say that even if it is the most probable scenario than the start of the road should be really bumpy for investor, so keep calm :)

Well, the trend is your friend they say, and when a market is stuck in a long ass lower high cycle you can be sure that most of the technical analysis folks won't expect much to change here. The good thing is that so many people are expecting a plunge below our current $31xx low, that we might be up for a surprise (i.e. a contrarian move).

$3500 is very strong and every attempt so far to break out lower has been dealt with swiftly, so we'll see how long the support there can hold.

Back in 2017 people calling tops were wrong time on time again, and the same is happening with those who are calling bottoms. Good thing is that just like how the price can't go up endlessly, it can't go down endlessly, and I'm pretty certain that we are close. As long as the market respects the 200 wma just like it did back in 2015 there isn't much to worry about.

Sentiment is such a tricky thing. I've also been feeling like people are too hasty to expect $3K to break. At the same time, shorts have been dropping for weeks on Bitfinex. So it's hard to say what everyone's thinking.

I'm thinking along similar lines though: the $3,100s was probably near the bottom and the 200-week MA will probably hold (no more than 1 candle close below).

I'd be lying if I said I wasn't nervous though. Similar to late 2014, we're just hovering near support and coming off a major crash, no big reaction off the lows. Price grinding like this with no recovery definitely makes it easy to fall into that bearish sentiment.

there will be a rise where price shoots up (or explodes if you like) to the moon eventually but right now it is not possible to predict "when" that is going to happen. all we can know is that bitcoin has the potential to do that and history is also approving this fact. the adoption of bitcoin has not stopped even if the price rise did. it is only a temporary traceback that got longer than it should have.
also don't expect a direct launch to previous ATH either because it will be slow at first facing a lot of resistance then eventually it becomes more smooth.

I was used to this predictions before in which it always ends to disappointment as in never going to happen as desired so therefore it would be better that we should wait and see of the market as market price is really unpredictable that is why it was considered risky.

You seem to be relying too much on contrarian indicators

But you shouldn't forget that there's an adage (though not strictly related to trading but still) which says that when going against the crowd you are still going with the crowd. In other words, if you follow this approach, it doesn't at all mean that you necessarily win when the trading crowd loses (which they do). You may or you may just lose money in a different, let's call it contrarian, way

Correct, there's no exact prediction on bitcoin price so let's wait the moment that the Bitcoin will rise up again. Let's wait that time can tell everything happens at least we are ready on that by patiently hold our bitcoin asset and yelling when bitcoin price goes up. As of now, it is hard to decide that it is the beginning of Bitcoin there's might possible to happen.

I think the point is that when you are waiting for an upwards movement from bitcoin there could be a downward movement as well. Look at the 6500 dollars times, we all expected the price to go up.

Take a look at the possibilities of that time, the potential was that we had a bitcoin at 6500 dollars per each coin, we had SEC maybe accepting the commodity, we had BAKKT starting a new ETF, we had new year coming up, all kinds of good stuff. What really happened ? Well, someone sold a bunch of coins, price went down a lot, then many panic sellers sold even more, the price went down even more and we finished the year with 3200 low.

It means what is the potential and what is the reality could have quite drastic differences, not like "small difference that is not noticeable" I mean seriously HUGE differences. Hence if you "wait for it to go up" then you may be right but there is also a chance you are very wrong as well.

This is something we can always look forward to in Bitcoin market there may be a settling movement upward but you can always need to be ready for a downward trend always I really think most investors and traders are looking forward to that kind of movement, They don't want a stable kind of investment and want something to have a risk on it and they sometimes settle for the highly volatile one that the less volatile market.

I think this is just another wishful thinking. I know everyone is already unpatient and can't wait for market to start moving in positive ways. But to my opinion the price will not jump significantly in some short period of time no matter of ETF expectations and similar. There is some positive vibe that new year and new begininig brings but I don't think this is enough, investors are still very careful.

But when the time comes?

If you don't know (I don't know either, just in case), how can you actually say that it is yet another instance of wishful thinking? I don't necessarily disagree with you (as I also come to think that low prices are here to stay), I just want to point out that your opinion (as well as mine, for that matter) is only an opinion and not much different from the opposite one in terms of probabilities. In the summer of 2015 people were even less optimistic (or more pessimistic if you please), while in reality they only had to wait till the fall of that year

One more topic again about the bitcoin price going about $20,000 ::)
Being settled to something is not meant for the prices will explode and moreover previous months we are settled for $6,000 range so stable price around the region doesn't make any guarantee that the prices will increase later.

tell this to Tom Lee and John McAfee


BAKKT still depending on the regulators, and from what I see, there is still no 100% guarantee that the regulator will grant them the license. Just see that they are no longer optimistic as the months ago

Do you see a reason for the price of bitcoin to go up that fast? Because I don't, technical analysis is definitely a very useful tool and I rely on it since it gives you a very clear vision of where we are, but you cannot ignore what has happened to the market during the last year, if we want that investors come back to the market then we will need several positive news in a row that convinced them to come back and since I do not see that happening then the price will remain at the current levels for now.

Nope it is time to bounce between $3k and $6k. This can last until end of the year but most likely will end somewhere in Q3.

I'm for sure it won't, never think that it will work easily and I've never expecting it to happen though. I'm an optimistic person but to think for that again($20k), I feel bad on it. Many people were losing and being hopeless just because of that price and I don't want that we suffer again, It is better to have the current flows and people can't face the big risk of losing.

I suspect this has more to do with how things stand right now in the cryptoworld

I don't think they would be making all this effort and spending so much time and resources developing their platform if they weren't sure in receiving the regulator's approval in the end. More likely, they have become less optimistic because they now see that there's actually not that much interest in cryptocurrencies as they first estimated. In other words, they wouldn't start if they knew in advance the current state of affairs in the cryptoverse. Perhaps, they expected much more adoption by this time

I hope so but we need to be realistic,if there is no big movement then we can't reach the 20k, if we want the price to jump that high we need more adoption and more transaction volume, I am sure we can reach 20k again but not in this current market conditions so we need to be patience

Every person from this forum is hopping to see that price explosion and going back to 20k dollars. But like you say, we need to be realistic, in this moment that means we need to stay patient and wait for further developing of situation. Good sign is that now many countries and big corporations discussing about bitcoin, something will come up from all that, you will see, maybe that will not happen so soon.

Theres more liquidity outside Bitcoin then sellers waiting or forced sellers within Bitcoin wanting to sell at these levels.   I think the OP highlights a good possibility that BTC is a reasonable hedge for some in that it could rise outside of other normal risks like the oil price or various conventional assets.   BTC could rise just because its exhausted sellers and availability, it does tend to be a phase of one or another I guess.

https://i.imgur.com/LnkqmJd.png

Heres my recent view of BTC, quite short term but it seems to fit within a range and hit each of these levels fairly neatly

👍 👍

Whoaa, you are getting delirious brother. Don't you remember that btc also settled in the $6k mark for a long time too? I was also feeling very confident that it'll stay that way but look at what happened now.

Could you explain in simple words what you mean by this?


Exhausted sellers don't create demand

If anything, it means stagnating prices, not rising ones. But with speculative markets in the given circumstances (i.e. the ones we are in now), the price can go only lower. In fact, this is what we are witnessing right now, and the real question should be how fast we will be falling. Put differently, exhausted sellers don't mean a shit if there is not enough demand to give the market a required boost and change of sentiment

Your theory is kinda stupid. ;D
The prices aren't waiting for anything.The whales are waiting,which leads to all the other traders waiting.
The market is waiting and this helps the bears,because if they start mass selling btc,the price will go down for sure.

Yeah, it's more of the other way around and as we can observe with what's been happening the last 48 hours, it's by far not going upwards. We may yet see another new low since the 2017 run. A stagnant movement in a price this low can take the guts out of potential new investors.

In the past the price of bitcoin has exploded and grown high after stagnation of price. This time too the same can happen, for the past few hours the price have been growing forward. The price of bitcoin has grown forward, following the same almost each and every coin have moved forward getting indicated in green. If there is no more gradual growth then once again it'll come back to a stagnation point which seems to be within $5000 following which the growth might proceed.

Even tough I think prices are not going up soon (it could, it might not, we don't know) I also think you are wrong too. I mean just because price is low and it dropped a bit doesn't really mean it will continue to go down. It can recover and go up by a big number as well. Hence I think we should say that we have no idea what will happen to bitcoin.

The real problem comes with the uncertain things if you ask me. If we know what will happen in the future (even if not the price but everything else) we can calculate what the price could be, however during bitcoins life there is always unexpected things that happen changing the price and honestly there is absolutely nothing we can look forward to that can take the price higher or lower hence we are just "waiting" right now.

This theory can be stupid, prices can drop more before they start to rise, anyway we cant deny positive side of this comment, lets be honest its what everyone with some coins wish to happen. This world is very corrupted, 10 years of crypto are to short, we need more time. Do you see governments across the world, what banks do in every country, who can tell me that this world is normal when kids are dying from starvation, people are still slaves, working for couple dollars, while some people are billionaires. Crypto can change many things, will it happen or not its a big question, we will need to wait and see, but I hope for the best.

the only problem that we are facing when it comes to price rise is what you just said here, and that is purely greed not speculation. everyone is currently uncertain about the rise and fall. but they are more than happy to be greedy and wait for a lower price to buy so that they can make a bigger profit.
it has always been like this after a big drop too. everyone becomes scared and stands down watching for the "absolute bottom" to buy in and 95% of them miss out buying at the bottom let alone that absolute bottom and they end up buying at a higher price.

Bitcoin does have the possibility to increase and reach a price of 20k, but you have to have the patience to wait for the time to come, and I think to make that recovery will take a long time.

20k ain't going to cut it...
those of us who have lived thru the rise of 20k - and did not sell - are not just going to accept it rising only to 20k.
We demand restitution for the pain and suffering (the salt loans that were liquidated, the business deals that had to fall thru, us looking like fools saying "yeah, no problem, I can close in a few weeks", then having to back out and pay the cancellation fees.

Noooo sir... 20k will just be the start of making us feel better... it will have to do better than that.

I was invited to 100k parties - and I intend to make an appearance.  

Using Tim West's TAM system, we formed a ~2-week mode around $3,600. When we broke down from that mode 2 days ago, it triggered a downtrend and I wouldn't have been surprised to go right back to $3,100.

The fact that we're just meandering around $3,400 and not dropping suggests bears are failing. If we break the $3,475 local high I'll probably flip back to being bullish. I'm still waiting for my wave up to the $5,000s....

https://i.imgur.com/wkSTWB2.png

I think that currently no one can't predict how the price will move in the next period. Many are also reluctant to predict any price rise and especialy not some big explosion, it's just not realistic. It's more likely that the price will stay in current range at least by the end of first quarter and investors are still very careful. Still my opinion is that everyone is too much focused on price only and the more time will pass and expectations will not be fulfilled, the more users will be disappointed with possibility to quit Bitcoin.

If this is the beginning of the journey to $20000, it will last a very long time, because I think we have no chance for a new ATH in 2019. After such a difficult period, we need several months of stabilization so that investors return with fresh money.

Yeah mate, I think we are going towards a new ATH. Looking forward to that!

Two possibilities either the price bumps and bull run will gets started or we are going to face another dump.But its all for the short term youmay get the chance of price increase in long term.

I don't mind you waiting, bro

And while you patiently wait for the rise, I will continue shorting everything which has price above 100 dollars using regular Bitcoin as a cover for my shorts, and will probably even add a little to my small Bitcoin short position as well on the way up (provided the surge to 5k ever comes about). I have a strong feeling that all altcoins will soon be worth no more than 50 dollars per coin (I mean the ones which are higher than that price at the moment)

There is no way we will touch the all time valuation this year but we will see the recovery process by August and that is what i am looking forward to, but i do have a doubt whether the market will go down from this situation before the recovery process, i saw some predictions calling for sub $3k before the market recovers for the next rally and with the halving coming up i expect the price to climb gradually before the explosion possibly next year or by 2021, either way i am bullish in the long term.

When i hear the word explode the first thing that comes to my mind is increasing in an un control manner but what i see right now is the opposite  .  bitcoin is explodding in a reverse manner because the price is decreasing from time to time   .


I dont know if you are still checking the price of cryptos these days  or you are just blinded by the truth  .   we arent going to ath but we are rather going to atl .

Yes, we are in the declining scheme and yet, preparing for another spike isn't on that way. I know people are still expecting for skyrocketing and they keep that in there mind just to give them hope and encouragement. We can't stop them to think like that since they are inspiring their self.
In the state of our market today, definitely its hard to make another ATH again.

Well I think it is not going to happen this quickly...
The price needs to settle down (which is what it is currently doing) and keep it's ground.
However we will only be sure where the bottom was once we're past it and look in the rear mirror.
One would think with all the Bakkt, ICE, nasdaq things in the pipeline on pirce will only rise...
I'm thinking  2019 Q4 could be when things turnaround

Bitcoin is still likely to pump but for the price of 20k it is still difficult to occur because the market is still very weak.

Nothing can still be sure about it because we know BTC always behaves unnaturally. Whatever comes, we should always be prepared about it and think positive so that it may have some hope of a better results.

Hello, the way to 20k $ is still long and demanding. We will get through gradual steps and overcoming borders /5k - 10k .../ that do not come so soon.
Despite constant criticism and great competition from other cryptos, Bitcoin undeniably has its benefits, ensuring its value will continue to rise. Perhaps for decades.
The question is, how long will it take to get to $ 20k.

No, people have been speculating this for some time and I am sure that if that does not happen we are going to have the same discussion during the next month and the month after, the market is not going to move exactly as it did in the past, we are going to need years for the confidence of investors to comeback to the market since they are not going to forget that easily about the huge crash they saw or experimented so a bull run does not make sense now.

Remember the bull market is created by the people and if you take the time to read articles over the Internet about the future of cryptocurrencies you will see that many people are not as positive as before about the future of this market.

Well i think that if ever there's still going to be a decline, it's not going to be as bad as the previous ones. We have little room to go down now and what's left is for us to move upwards. It's just that we may head that direction slowly and lazily unlike the aggressive run we had last 2017. I doubt if we'll see many runs like that again.

We are still very far from the last all-time-high. So I don't know how will the price explode again. What we need is institutional money to flow again. However, it's not easy as it sounds, it looks like they're all waiting and not willing to go in because there's no catalyst whatsoever to push the price again.

So it will take a lot of time to even get to 5 digits. The good thing though about this market is that we only need one positive news that will really catapult the price to even go higher than the previous all-time-high. Probably 2-3 years down the line, the price could explode but not this year though.

I do agree with this comments,  bitcoin is likely to grow but very difficult to get to $20,000 this year because of the current movements we are seeing.  Bitcoin is not doing too well this days and we should expect another explosion maybe from the end of this month.  The ethereum hardfork that we thought will affect cryptocurrencies price positively do not really have much infect and we wait for the next event.

Lets face it as much as we want Bitcoin to reach $20,000 again,
It is really impossible this year it is hard to make it back there at it's current price and current market,
Let's just be happy that it isn't going down but let's hope for a steady growth.

I am also of acuerdo, I think that by the phase that we are in the market it is very uncertain to know when it can reach 20k, it would be guess or predict without any technical basis, I think until the offer is eliminated in the range of 4k to 5k it will not raise the price to another value.

Bitcoin prices are always ready to explode, the buy prices and sell prices are basically what makes it go down or go up (or even stay at the same price) either the sellers (mostly miners) stop selling or buyers deciding to buy more could make the price go up so much. That means we need a reason for bitcoin holders to not sell or a reason for people to buy bitcoin at large amounts.

If bitcoin could get into a position where that happens than bitcoin price would explode and we would watch another huge all time high hit again. However it is not an easy task to find a reason to tell people "not to sell" their bitcoins, that only happens if they think bitcoin is worth more than what it is today and honestly we can't find a reason why it should worth more than it is today. As soon as we find that and sellers read it, we will go up yet again.