Thoughts on new ATH

[BChydro]

The ATH of bitcoin is heavily dependent on technical analysis.

Could you care to explain, if you would say a big investment is necessary then it would be almost correct but technical analysis is to analyze the market and nothing else .

At present, the world economic situation is under tension due to the covid-19 epidemic and the political and economic situation between the great powers of the US and China is straining. Currently, the cash flow has poured into gold and stocks is quite large. I think there will be a new slump in the economy. Bitcoin will soon reach ATH but will be later this year or next. It's a long process and requires the price action to break out of the chart pattern.

If there is any strain in the economy you will not find huge investment in the stock market but you would see that kind of investment in gold and that is why the price of gold is rising for months. Once again the charts are just analysis and the investment must be pouring in for the market to move higher.

[qiwoman2]

Well there are many factors at play now that suggest that Bitcoin will go to at least 100k in the next peak of the bull cycle and that this is a conservative figure. I think it is possible but we will need to see a big injection of money into the whole market going into the trillions and we are not even at 500 billion yet. We will need a lot of institutional money and Rich people to star investing more and more so we can get t a 10 x from here for BTC. This bull cycle I think is also the last chance to make such huge gains on BTC as already the marketcap is quite big and all Early adopters have made their millions and billions.

[ChiBitCTy]

I think there's a lot of upside left.  Most people in "society" have not owned any bitcoin yet lets not forget.  I believe every financial institution whom already isn't "in" to bitcoin will be jumping in soon which will only rise numbers... As prices remain somewhat stable /slowly rise ( with maybe some huge pumps upwards), more and more people will want to jump in. I think 20K ATH will be reach but as for what dollar amount..sky's the limit , who knows. 

[joinfree]

I think things are still not clear with this pandemic and whether the economic crash is going to resurrect any moment from now but I think we should see a rise in market gradually from now onwards as most countries have started opening up economic activities. But the highest i will expect is say bitcoin around $15K

[minersday]

Considering the market pattern of Bitcoin since 2018, I don't think there will be any ATH very soon. The market value of Bitcoin will linger within the range of $8k and $15k. I don't really see Bitcoin going beyond $15k throughout the year. Its even likely that its market value might drop back to $8K considering what happened in 2019 when its value rose within a short period and dropped after some time.

[online73]

Hello to all. It is the thoughts of a new ATH that have kept many of us in the cryptocurrency community for a long time. All of these thoughts are different. Someone is waiting for 1 million dollars for Bitcoin, someone is waiting for 100 K, but I also hope to see such prices in this lifetime. The most important thing is not to forget that the cryptocurrency market is extremely unstable - today the price can be 100 thousand dollars, and tomorrow it will fall to 1 thousand - this must be taken into account. I hope to see $ 30,000 for one Bitcoin this year - the price is going up very well now.