No one can say for sure what will happen with the bitcoin price, or the cryptomarkets in general. But we do have past three market cycles to look at for guidance, and the information that blockchain technology is not going away and there will be even more people wanting to invest during the next big market upswing - as well as a large amount of institutional money. And we know that the most robust and tested cryptocurrency is bitcoin, which has a large team of developers working on several improvements - and it’s fair to say that BTC will almost certainly again lead the next big market upswing and make a significant new ATH, before interest shifts to other big and then small altcoins which will soar before the next inevitable market crash.
Bitcoin has fallen ~ 25% from its recent high of $10K earlier this month, and is down 60% from its ATH over 6 months ago. I think we are near the bottom of the downmarket at present at $7.5K, and the price is unlikely to fall below $7K. It’s said that institutional money is looking to buy in around $8-12K, once there is clear evidence of a new significant rising market, and that once that happens the price of bitcoin will race up to $25-30K quickly over a month or two like last the speculative bull market last Oct/Nov as old and new crypto investors FOMO in. As for when that next bull run will happen, I recently posted some research on previous cycles in the years 2013-17 that showed its most likely to occur in May/June or Oct/Nov/Dec -
https://bitcointalk.org/index.php?topic=3226897.msg33566836#msg33566836 . So we may see BTC start racing up to its next ATH this month, but more likely I think it will be in October this year after a 9 month bear market with prices of $7-11K. Hope that speculation is of some help.
