Bitcoin has now gone 173 days without a new high.

[dbshck]

Well, 1000 days left from a new high, right? I'm sure I can wait for it

But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

Yes, it'll be much more difficult to reach new high when the previous high is ridiculously high like $20K. Keep in mind that we're reaching $20K because institutional exchanges are opening BTC markets in the US. It's not just about time, I simply don't have any idea what fundamental thing could bring BTC back to $20K and break it.

I don't think that's a problem as long as we don't cross $7000 or $6000 since that would be a different story.

Now that it almost breached $6000 yesterday, don't you think the bearish sentiment is strong now?

[West0813]

I think even though bitcoin will not reach its all time high again it is still ok for us. As long as it will not drop again. Just like what is happening in the past few days.

[Johnyz]

I think even though bitcoin will not reach its all time high again it is still ok for us. As long as it will not drop again. Just like what is happening in the past few days.

I don't think bitcoin will not drop again, this is the whole trend this year the pumps and dump so technically it will still fall but I just hope that it will be in the higher level around $15k. Let's all be patient and believe that bitcoin can still hit a new all time high this year but yeah no matter what happen with the price I still choose to hold bitcoin.

[justspare]

We have to wait for 2-3 years for another ATH. The bubble has popped. We should test again lower prices to determine the real BTC price and it could take years.

The problem is that, these days people are always in a hurry to make money and not even ready to care how things should necessarily be. The bubble could have popped which obviously we all know last year price was a bubble and uncalled for but one thing for sure, is that this is not 2013 and a lot has changed. We may actually still get to see more higher lows as the case may be, but at the same time, nothing is predictable and we only have time to see how things will play out but in the same way, we just keep accumulating.

I am also counting days for new peak as it is the real indicator for assuming bitcoin is into bullish mode. When bitcoin was surging up to $9800 levels, I was not happy actually as only new peaks will make me happier. Similarly market started showing down trend even without testing $10k levels. Hitting new high is the only way to measure the growth of entire bitcoin ecosystems.

[0xBitcoins]

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run.

Bitcoin fell from $7500 to $6700 today. If bitcoin goes to $21,000 it will be in year 2030 only

It is right that the price is not growing and is going down and down with the passage of time. It will take long time to cross the previous highest level which was $20000 and you are right that it may take more 10 year to cross that level. To see this I prefer to invest in small coins because they possess more potential than big coins like bitcoin and Ethereum.

[LeGaulois]

You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.

[laravuemaster]

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

If people will keep on selling their coins then the price will really dump even more, the condition of the market today is in favor of those people who wants to invest because the price is very low so you should invest today while you have time and do not look at it as a bad thing.

[aardvark15]

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

Since the last crash took so long for a recovery, this tells us that we should be patient and be prepared for this recovery to last a little while longer. I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years. That doesn’t really bother me because I wasn’t buying at those all time highs 6 months ago, so I don’t need a new high to make a decent profit.

[rickadone]

I still feel like its not enough to clean bitcoin's price. As you already said yourself bitcoin needed 1000 days to reach its former all time high. I think it will be shorter this time but 173 day waiting is nothing.

173 days is actually nothing, but who cares anyway, bitcoin is still going to be having the up and down fluctuations even in between the longer time frame down trend, and that is enough. Also, at least we will end up having some sanity for a while before we start seeing more days of huge green and that as well is something to be happy for. How many days it is going to take before we start experiencing new highs is something we cannot know but at least time will tell. I am still seeing the possibilities to have new high within this year. It means those 173 may not count up to 365.

[ShineftChaos]

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

If bitcoins prices is not increasing then it was still fine because you are having more time to invest today, not every people who are holding cryptocurrency today in the market is wealthy and that is the reason why dumping time is also fine because it lets other people to invest on the market while the price is still low.

[bitcad4u]

Many had expected for the price of bitcoin reaches 20,000$.I had seen continues raise from from August to December last year.And this is the hope for the people to inverse in bitcoin.I had holding bitcoin from this year start,when the price reaches high price.I will sell and get profit.

[poplolnman]

You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.

We always expecting a new all time high happened every year which it's sounds a little bit greedy.i would prefer expecting a massive adoption... Even it won't affected the price later , at least the cryptocurrency has been considered as a well known / popular thing in financial world.
Another good things happened, then the price may follows .

[richardsNY]

I hope it doesn’t take 3 years like last time but 1 year seems reasonable or maybe even 2 years.

There is no such a thing as reasonable or not reasonable since this market can change literally in an instant. People just assume that we have to wait 3 or 4 years before we break another high, but that's based on nothing but current bearish sentiment. As soon as the price breaks through $10,000 in the coming months, people will start speculating about $20,000 and higher before the end of this year. People fail stick to one long term prediction that makes sense, and that while fundamentally nothing has really changed. The price corrected in a healthy manner, and that's just it. I stand by my $50,000 before the end of 2020 prediction, even if we dip below $6000.

[imstillthebest]

You can't compare 2018 with 2013. A lot changed since, from the audience to the general behavior, the technical side, the big companies involved in and so on. It's like comparing the Middle age with 2018.
Miners have always been interested by the profits more than anything else btw.

We always expecting a new all time high happened every year which it's sounds a little bit greedy.i would prefer expecting a massive adoption... Even it won't affected the price later , at least the cryptocurrency has been considered as a well known / popular thing in financial world.
Another good things happened, then the price may follows .

of course we are. people are always expecting for a new ath to happen , not just only every single year but always every time because we all want to get an easy money here in crypto . Everybody wants to earn huge profit and i think it is not greediness but rather that is only willingliness.

i would prefer expecting a massive adoption... Even it won't affected the price later ,

Massive adoption or regular adoption can always lead to price changes specifically a price hike because new people will enter the crypto scene. Sooner or later there is a chance that the price can inflate if the adoption will slowly spread and continue all over the world.

[jonsky05]

173 days? That's nothing. It took 1000+ days for Bitcoin to return to its all time high that it hit all the way back in November 2013 ($1100+). It could take just as long for all we know, but 173 days is nothing to worry about. It is different this time around due to the increase in interest, but I don't think it will make it more difficult for BTC to reach new heights.

I agree I think we don't need to worry it's almost a 173 days compare to the days that bitcoin is down and a thousand days before bitcoin recover yo highest price. Maybe it's slowly grow but i think bitcoin bitcoin will be recover at this down time.

[the1arty]

"Bitcoin has now gone 173 days without a new high.  Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017)." So I came across this fact on twitter, and checked obviously (always DYOR haha) so what do guys think this says about BTCs current position, or what it does for the much anticipated bull run. We know that Mt. Gox "helped" make that previous streak a reality, and current conditions are not even similar, there is much more awareness and players. But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?

 

According to the latest high (not including 2013) that's the biggest correction since then, or should I  say the trend down. However, some analysis of mine shown that the longer we do not see new highs, the higher it will be. However, it is very hard to make an analysis on such much as crypto, especially when it is relatively young market. Anyways, we stay encouraged.

[jhonjhon]

It hardly to think that we are having trouble in recovering from dip but it won't be enough to say that crypto will fall deeply and gone. I don't think that cause even though it goes into 1 yr of having same scenario I'm still keep on believing bitcoin and I know there is a light after these.

[ruslan4040]

you should not expect a new all time high during this year because it will be almost impossible to be honest, better to be confident in that it will remain stable

[Colt22]

Yes sometimes it take some long time to reach to a new height but do not worry as it will go in the long term. Actually it all depend on us if we will promote the word bitcoin among our friends and family then it will get more audience and they will also share the word with other people. This is a free promotion of bitcoin. In the wake of this promotion we can get a lot of new investors to bitcoin.

[Ridwan Fauzi]

Just play, each development of the price of cryptocurrency is not determined by the time, as long as the cryptocurrency market is in the bearish time area it will only make any psychological user will be disturbed. They will be fixated on the decline in price compared to the price increase. The fundamental factor will dismiss all your views about the 173 days or wherever it is. Cryptocurrency markets can rise within a few moments, entrusting to the fundamental factor is the best thing for an investor.