Will this year's bitcoin price potentially surpass the highs of last year?

[KrakenZ]

Bitcoin continues to experience pressure after approaching the fifth month of a bearish moving average.
Bitcoin was trading at $ 7.881.40, falling 4.27% on Wednesday (04/23) on the Bitfinex exchange.

The five-month moving average of Bitcoin was at $ 8.916, and the 10-month moving average was at $ 8.379, well off the high of nearly $ 20,000 in December. A fall in prices usually indicates lower price movements in the long run, some analysts said.

Total market capitalization totaled $ 344 billion, down from $ 382 billion on Tuesday.

Other digital coins are also moving lower. Ethereum, the world's second largest cryptocurrency by market capitalization, shed 10.36% to $ 620.25 on Bitfinex exchange. Ripple, the third largest virtual currency, tumbled 8.60% to $ 0.61299 while Litecoin was at $ 124.26 with a 6.57% jump.

The instability of the digital asset market could be more about how investors view than other factors that typically impact fiat currencies, a research paper from the University of Warwick suggests.
Trading volumes are driven by past returns and market uncertainty, while confidence in blockchain and digital currency technology also impacts prices.

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[eddie13]

If it goes through that line it looks bad..
If not, it looks good..

I think BTC can do about anything pricewise so I won't rule out new all time highs this year but I wouldn't count on it..
Holding in close to 10K would have me very happy for a while.. No need for another moon so soon IMO..

[Haxor321]

Yes it can surpass the highs of last year. I could say that because even it has a long period of downfall it is has a much better situations than last year because it's movements are still in the mid value and not lower than that. So for me, it will be mean that it can also gives much better and higher movements before the end of this year and also I believe that nothing will be impossible to Bitcoin.

[franky1]

the "highs" of last year lasted minutes
EG
there is no point saying that a retailer sold a 50" TV for $1. if there was only 1 TV and the store manager himself bought it.. such spectacular pricing events does not help anyone and no one benfits from the special price.

.
what people should concentrate on is that we do not go below the LOWS of previous years.

there are ways for a exchange whale/group of sharks, school of piranha to cause a mega spike to a new ATH but it can just correct back down to low levels again that exact same day. thus not being a useful price for many people to take an advenatage of, but becomes just a statistic.

so try not to concentrate on short term 10 minute events. and think about long term stable growth that everyone can take advantag of.

once people start accepting and helping to build good supports for the lows to nevr drop. then th cause/reaction would be it helps the speculative shirt term jumps to hannen and keps the low supports increasing. so that people dont need to hope for one time ATH events.. they can aim for long term increases

[dothebeats]

May is usually the month wherein shorters take a good 'ol laugh and the hopefuls usually hide behind a thick layer of disappointment and disbelief. Though with the current lows of today compared to last year's, I'd still take the beating we're experiencing right now and accept the price. As I've noticed, everytime after an ATH is blown, we settle into higher lows (if it makes sense) and becomes a new baseline for the price to work with. As long as we don't slid under the previous lows of previous ATH, I think we're pretty damn good, price wise.

[chickenado]

Bitcoin continues to experience pressure after approaching the fifth month of a bearish moving average.
Bitcoin was trading at $ 7.881.40, falling 4.27% on Wednesday (04/23) on the Bitfinex exchange.

The five-month moving average of Bitcoin was at $ 8.916, and the 10-month moving average was at $ 8.379, well off the high of nearly $ 20,000 in December. A fall in prices usually indicates lower price movements in the long run, some analysts said.

Total market capitalization totaled $ 344 billion, down from $ 382 billion on Tuesday.

Other digital coins are also moving lower. Ethereum, the world's second largest cryptocurrency by market capitalization, shed 10.36% to $ 620.25 on Bitfinex exchange. Ripple, the third largest virtual currency, tumbled 8.60% to $ 0.61299 while Litecoin was at $ 124.26 with a 6.57% jump.

The instability of the digital asset market could be more about how investors view than other factors that typically impact fiat currencies, a research paper from the University of Warwick suggests.
Trading volumes are driven by past returns and market uncertainty, while confidence in blockchain and digital currency technology also impacts prices.

There is a high probability that it could surpass the last year highest price of 20k. And here are the reasons why. 1.  Bitcoin has proven to be no. one in the cryptocurrency industry. No matter how black propagandas are staining its name still to proves to be of significance to the general populace and it stays stronger every time it is being attacted. 2. Bitcoin is Getting more popular each year to other countries making a bigger and brighter market for it. 3. It continues to dominate the crypto market from the beginning till now.

[KrakenZ]

There is a high probability that it could surpass the last year highest price of 20k. And here are the reasons why. 1.  Bitcoin has proven to be no. one in the cryptocurrency industry. No matter how black propagandas are staining its name still to proves to be of significance to the general populace and it stays stronger every time it is being attacted. 2. Bitcoin is Getting more popular each year to other countries making a bigger and brighter market for it. 3. It continues to dominate the crypto market from the beginning till now.

But I'm still not sure because lately people rarely use BTC, now it is more likely to use ETH.

[avikz]

Bitcoin continues to experience pressure after approaching the fifth month of a bearish moving average.
Bitcoin was trading at $ 7.881.40, falling 4.27% on Wednesday (04/23) on the Bitfinex exchange.

The five-month moving average of Bitcoin was at $ 8.916, and the 10-month moving average was at $ 8.379, well off the high of nearly $ 20,000 in December. A fall in prices usually indicates lower price movements in the long run, some analysts said.

Total market capitalization totaled $ 344 billion, down from $ 382 billion on Tuesday.

Other digital coins are also moving lower. Ethereum, the world's second largest cryptocurrency by market capitalization, shed 10.36% to $ 620.25 on Bitfinex exchange. Ripple, the third largest virtual currency, tumbled 8.60% to $ 0.61299 while Litecoin was at $ 124.26 with a 6.57% jump.

The instability of the digital asset market could be more about how investors view than other factors that typically impact fiat currencies, a research paper from the University of Warwick suggests.
Trading volumes are driven by past returns and market uncertainty, while confidence in blockchain and digital currency technology also impacts prices.

As per coinmarketcap website, the price of one bitcoin was $2443.64 on 24th May 2017, just an year back. So if I compare it with today's price, it is an increase of 209.29%. Name any other class of investment, which can fetch you a profit of 209% in a year. I doubt you will be able to name any single asset which can outperform bitcoin in returns.

The bitcoin market is highly dynamic which makes it a speculator's heaven. I would have worried if the blockchain technology, which is the core technology of bitcoin was considered as a junk technology. But blockchain is highly regarded worldwide for its capability and integrity. So I am not worried about this small decrease in price. Instead I am looking it as an opportunity to score more bitcoins for my cold storage.  

Of course, bitcoin can surpass last year's high in 2018 as well. But since we don't know what future has in store for us, let us wait for that time and see for ourselves. It definitely has the potential but also depends on many other factors like legislative structures and adoption decisions. So wait and watch! But make sure to have enough bitcoins in your cold storage to get the benefits when it happens.

[bigdude]

The price of bitcoin is unpredictable because it suffers too much from the actions of governments, influencers. It is predicted that bitcoin may drop back to 6k+
in my opinion it will be hard and impossible to bitcoin price surpass ATH last year.

[kerneltxt]

One prediction robot predicted the price of bitcoin at the and of the year 7000 usd. check it, this is a research of kadir has university.

[mackenzie5]

Last December, the bitcoins price hike followed by the market sources prediction is that the year 2018 will be a very good period for the
bitcoin and also expects that its price can move up to any heights.  Based on that ,though the current market price still bearish and below 8 K USD this drop we can say that it is due to the market volatility. Bitcoins usefulness and its positive features attracts the people world wide for their daily business requirements. Still there is possibilities to surpass the bitcoin price to the projected heights.

[Cofee.BLUE]

Last December, the bitcoins price hike followed by the market sources prediction is that the year 2018 will be a very good period for the
bitcoin and also expects that its price can move up to any heights.  Based on that ,though the current market price still bearish and below 8 K USD this drop we can say that it is due to the market volatility. Bitcoins usefulness and its positive features attracts the people world wide for their daily business requirements. Still there is possibilities to surpass the bitcoin price to the projected heights.

We do experiencing bearish and below $8k but it can be considered as a normal movements in the market and we all known that Bitcoin has always a high volatility which it can be perform much lower and can be much higher value. But still, for sure everyone of us hoping that it can perform much better this year and can be surpass the highs of last year so we can be much more benefited.

[Eraldo Coil]

I am not actually worried about the case of bitcoin. I am worried about is the coins that are in the bottom of the coin ranks. You really shouldn't worry about bitcoin's right now because bitcoin still has a bright future ahead of it. We can say for sure that it will still develop in the next few months. Let's just continue to hope that the bitcoin trend won't go down continuously until the end of the year.

[Jonnitor]

we can never predict the price of bitcoin, the market is not stable or not predictable whether the price will go up or go down. we will at least hope that the price will go up and up for the benefit of the people.

[ralle14]

Possible but from how I see it we won't be reaching a new high this year with a lot of bad news spreading around I doubt people would jump in again with no hesitation like last year. I like what franky said instead of expecting for another high we should focus on maintaining the price. Then again I could be wrong since no one here really knows because someone could pull off a good speculation with a strong reasoning and could still end up wrong. We'll have to wait on what would the price look like between October to December because that's where the price really started taking off.

[Dudeperfect]

I am highly optimistic about Bitcoin in the short as well as in the super long term. The correction process has taught a good lesson to the investors involved in the price rally and now I am sure that we will see matured decision from those investors. I am also expecting the involvement of the big whales and institutional investors to take the advantage of the low levels and bull run in the second half of this year.

[Goodday]

I think in 2017 Btc reached the highest price I think predict that with the achievement of bitcoin potentially record a much higher value next year or this year in 2018.

[fritzbird]

There will always be that certain possibility. Things might turn great and unfortunately
sometimes drastic and dissatisfied. I think btc might have something to prove similarly
or somehing better than last years. Prices will spike and grow a bit more, but that still
remains as a debatable case.

[AngelSky]

The price of bitcoin is unpredictable because it suffers too much from the actions of governments, influencers. It is predicted that bitcoin may drop back to 6k+
in my opinion it will be hard and impossible to bitcoin price surpass ATH last year.

Bitcoin price will be bumped more in the market. I see today bitcoin price is little dumped in the value if you are looking to invest on it.
This is right time mate for investing on BTC and few alts mate.
I expect the bitcoin to reach the 10k USD in the market before this month end itself. Before this year means we can expect more value mate.

[addeqt]

Whatever it would take, I just wish of it surpass the all time high of $20k. Currently there are six remaining months to prove that the bitcoin price could surpass its peek price. I you could recall, the price of bitcoin increase starts from around september and dropping down on the second week of december. If the luck is within us and the US rules and regulations have laid it out good. Then, I can bet that the price will soar again.