Bitcoin finally crossed $4000 mark and now trading around $4200, so this time can we see all time high in bitcoin?? and what could be the resistance zone for bitcoin this time??
All times high I know of is $5013.91 for Bitcoin. The recover is good, since after this big value it dropped under $3000.
Many people are expecting $10000 values in about 6 months and this time I don't feel that they'd be over optimistic.
However, this looks better in the speculation area...
Currently, the ATH is $4980. For consistency and ease of reference, we use Stamp as our reference point.
Bitcoin finally crossed $4000 mark and now trading around $4200, so this time can we see all time high in bitcoin?? and what could be the resistance zone for bitcoin this time??
I don't think so. I can see it maintain its value between $4,000 to $4,500 by the end of this year. It's still hard for me to see it reaching the $5,000 mark and maintaining that value in this year considering the issue on China and the number of bitcoins still available for mining. However, I believe that bitcoin will reach it's all time high in the next coming years.
Think about the situation. We have a price battle going on right now, and it is not any kind of BABY battle that is likely to keep BTC prices in a small range (such as you say $4000 to $4500... You sound like you are wishing when you come up with those kinds of small range numbers during an actual price battle.
Currently, the price range is $3400 to $4300 and it seems that we are quite likely to break out of the range.. so that will cause interesting dynamics.. it may shift the price range up, but it is not going to stop the battle and it is not too likely to stay within a small range in the next few months.... could happen, but not too likely.