Thoughts on new ATH

[Reatim]

Anyone can do prediction according to some theories.

Exactly! Everyone have their own respective predictions.

The thing is crisis effect on Bitcoin price is already done and there is currently not any negative fundamentals important news to effect the price also Bitcoin already passed many important resistance areas.

It's indicating that there's good potentials that bitcoin will continue to move up and reach higher value, if all the support
barrier will stay strong and new money will be inside. expect a good high to come.

So, there nothing to stop the price right now. That's why in my own idea bitcoin can see 30K on this ATH easily.

Slowly but it's moving upwards and still gaining more investment that let it to stay in a positive position.

However, it depends on Bitcoin whales, if they start dump, in order to buy for lower prices 20K can be final destination for ATH. 

Another thing, whales who have a lots of bag holds can shake it up and sadly

there are still weak holders who keeps on
following this move.

[CryptopreneurBrainboss]

My thoughts has to be guided by timeframe so what's the expected timeframe we're looking at here. Since there non suggested by the OP I'll use the most common timeframe trending now which is by the end of the year. I think it won't be fair for we to be expecting bitcoin to surpass it's previous all time high of $20k especially after bitcoin has to spend the most part of the year recovering from the pandemic outbreak effect on the economy globally that let to bitcoin decline of -50% or so.

After the hit the market has been recovering steadily and it's doing great number. Rised +50% since the previous market corrections. Currently trading at $11800+ is a positive signs the trading mark of $15k would soon be surpass which meant drive the price higher to $20k and beyond but like I previously said am not 100% certain that it can be possible within this year but very possible in 2021.

[FightThePower]

I'm 32 I bought bitcoin because I hope in 10 to 15 years I can retire in my 40s.

The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s

 Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.

Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.

That's my hope

So you bought 1 Bitcoin and hope that you'll be able to retire on it?

I hope you'll succeed but I wouldn't bet on it. I hope you'll have some other retirement funds to lean on because it will be difficult for Bitcoin to reach the levels some bulls are predicting like 200 thousand dollars or 1 million. 50 thousand is probable but is it enough for retirement?

Not entirely, I have fiat savings and other crypto too not just relying on bitcoin. But just think if bitcoin gained mass adoption and become a mainstream way of saving in the next 10 to 15 years.

Compare it to the Internet in 1995 probably less than 10% of people in 1st world countries had it or had even heard of it by 2005 the inverse was true.

Imagine a similar scenario for crypto I mean just look at milenials and younger generations they'd rather invest crypto than shares and commodities. Eventually shares stocks and bonds may lose dominance and have to share the space with crypto.

[Slow death]

Will the economic fallout from covid create a perfect storm?

maybe whales are taking advantage of this situation

Will more adoption be significant

It is definitely possible that there has been more adoption in the last few months, but I don't think it is a very large number of adoptions.

Institutional interest

Look at this:

Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges

What are peoples thoughts and expectations

it looks like this time we’ll see $ 15,000 again

[TopTort777]

Anyone remembers 2019 ATH? I think we are close to it as it was around +12k or something. Passing it will be a good point in bitcoins history. I’ve noticed that bitcoin price grows for 2 week straight, without any super positive news and correction. Just a plain growth by itself. That is suspicious. I think the price needs to go back a bit.

[Becky666]

I think we are still far from seeing a new ATH so there is no need to be excited but I think we all wants to see it happen as soon as possible.

Basically we're not far as you thought about us seeing another all time high. If the current movement of Bitcoin if pass the $11.8k then we're heading towards the $12+k zones which will mean another boost for another gradual all time high.

I also wants to know how much bigger would be our next ATH would be compared to our current ATH and how long would it stay at that price.

My expectations are very high if you ask me, the current situation in the cryptocurrency market if correct has the possible of institutional investment trooping into the market which will give a Major boost. Am seeing a price of Bitcoin around $30k before the end of 2020.

[Eugenar]

If there will be a sudden increase regarding the rate of the price's movement, things could be easily concluded. But the thing here is that, anytime the market could again collapse. I think the new ATH will not be reached this year, and the highest market value, if ever the increase would be continuous, will play around $16,000-18,000. If we would observe the behavior, consistency is lacking, which is in the first place, a normal thing especially if it is a crypto's  market value that we are talking about.

I hope nothing worse would happen for the rest of the year  because it may trigger a crash especially if it is the economies of different countries which are concerned. My expectations are not that high, maybe because we had our hopes up before whenever an increase is being observed. Just a matter of being realistic.

[FightThePower]

If there will be a sudden increase regarding the rate of the price's movement, things could be easily concluded. But the thing here is that, anytime the market could again collapse. I think the new ATH will not be reached this year, and the highest market value, if ever the increase would be continuous, will play around $16,000-18,000. If we would observe the behavior, consistency is lacking, which is in the first place, a normal thing especially if it is a crypto's  market value that we are talking about.

I hope nothing worse would happen for the rest of the year  because it may trigger a crash especially if it is the economies of different countries which are concerned. My expectations are not that high, maybe because we had our hopes up before whenever an increase is being observed. Just a matter of being realistic.

Are you saying you don't believe bitcoin will ever reach beyond 20k again? Or just this year?

[prehisto]

There is absolutely no correlation with economy and possible fallout!
The crypto covid crash occurred at the same time as the stock crash, both markets move in the same direction.

I believe that we will have new ath but just because of the craziness going on in the stock market.

[Peanutswar]

Just my simple prediction if the market price of the bitcoin today will rise up to the 12k market price there is a chance that it will rapidly increase into the 15k market price and this is a good thing for the investor who made an entry point into the 3k and above this is a huge market profit to them so does not need to worry about the profit they will get. Still, I'm hoping for this comeback of the market price of the coin because from the previous halving i didn't know too much the use of the bitcoin but right now I fully support the use of this coin.

If this may happen this is my one of the most memorable halving in my life, the market is volatile this is the truth but still I believe on the law of attraction the same with you guys.

[arwin100]

If there will be a sudden increase regarding the rate of the price's movement, things could be easily concluded. But the thing here is that, anytime the market could again collapse. I think the new ATH will not be reached this year, and the highest market value, if ever the increase would be continuous, will play around $16,000-18,000. If we would observe the behavior, consistency is lacking, which is in the first place, a normal thing especially if it is a crypto's  market value that we are talking about.

I hope nothing worse would happen for the rest of the year  because it may trigger a crash especially if it is the economies of different countries which are concerned. My expectations are not that high, maybe because we had our hopes up before whenever an increase is being observed. Just a matter of being realistic.

Are you saying you don't believe bitcoin will ever reach beyond 20k again? Or just this year?

Actually he have a point in certain things but actually we cannot tell on what will happen on certain days coming since we don't actually know how the movement goes and how it will end up but bitcoin can surprise us so we need to get ready for the result since might we gonna see some new ATH or maybe we can see a flop for this year.

[LogitechMouse]

A new ATH will happen . Many are expecting for it to happen and we are just $8k away from reaching it.

The only question is "WHEN". When it will happen. Will it happen next year?? This 2nd half of 2020?? In the next 3 years. The only thing we can do now is to predict into when this will happen. I don't think too that it will happen next year because of the pandemic. Maybe if the virus will be controlled and there is a new vaccine already that is available to the public then maybe we can see crypto market to rise further more.

[Nhor1011]

No one will stop for bitcoin popularity and become more valuable. I think the new ATH will come in a near future and it will surpass from the last 2018 ATH. It's difficult to predict but we know how the bitcoin become more attractive to the people especially this time of pandemic that everything will be done online. More demand will give more value in bitcoin and this time that many are engaged in online business there is also a great possibility that bitcoin and cryptocurrency will become more popular.

[Yamifoud]

The new coming ATH is really intense to see nor it was excited and probably no one knows when. I should think about more on the realistic and achievable, and $25k is not really that far for the next Bullrun after $20k ATH last 2017. But even though we can't predict the market flows but I was not thinking that we got that point this year. This year is really a big challenge for crypto and also with the global market, we have those positive insights last year as seeing that halving will give a huge impact on the market but badly we got this pandemic that it affects the momentum. However, we also notified that the crypto market won't let that bad aura puts its declining sentiment but rather to see it move a little bit far.

[carlisle1]

The new coming ATH is really intense to see nor it was excited and probably no one knows when. I should think about more on the realistic and achievable, and $25k is not really that far for the next Bullrun after $20k ATH last 2017. But even though we can't predict the market flows but I was not thinking that we got that point this year.

More closer the more its potential to achieve, the last time high surprises us but now the movements are really giving us opportunities to choose our side and place our entries in a much comfortable position.

This year is really a big challenge for crypto and also with the global market, we have those positive insights last year as seeing that halving will give a huge impact on the market but badly we got this pandemic that it affects the momentum.

Most predict that after that halving there's a positive effects, we seen a good sign coming this year as the market start showing a strong but due to this pandemic it's slow things down.

However, we also notified that the crypto market won't let that bad aura puts its declining sentiment but rather to see it move a little bit far.

With this pandemic, the market sentiments still in a positive sign,  market continue to rise just need to make proper assessments while placing your investment to avoid making bad decision if there's sideways that may happened.

[UserU]

Anyone remembers 2019 ATH? I think we are close to it as it was around +12k or something. Passing it will be a good point in bitcoins history. I’ve noticed that bitcoin price grows for 2 week straight, without any super positive news and correction. Just a plain growth by itself. That is suspicious. I think the price needs to go back a bit.

Yeah, but it just happened and passed by in a blink of an eye. Before I could sell, it dropped again.

Bitcoin, just like any other tradeable asset is manipulatable by the whales. We could only sit and watch.

[Bitcoin_bullish]

Let us break current ATH first and we can talk about how high we go later. It is still two years and a half since our last ATH and while there is some sort of euphoria in the market lately, still there is a certain technical analysis that might not bring such a bullish case at least for this year.

Now while I'm conservative most of the time, yet sometimes I watch the charts and feel that all the pieces come together and $100k is inevitable and not far. Perhaps just a year or two away.

[snipie]

There is absolutely no correlation with economy and possible fallout!
The crypto covid crash occurred at the same time as the stock crash, both markets move in the same direction.

I believe that we will have new ath but just because of the craziness going on in the stock market.

That parallel movement makes me wonder what the price will be after countries fully recovered from covid-19 impact...but at the same time in the short - middle term most people won't buy or involve in cryptocurrencies since they have difficulty to secure job, foods, rent...except maybe people in counties with a fallen economy where switching to BTC is more secure!
For the ATH I think we may see it at the end of the year if BTC continues its stabilization in +$11k

[ilovealtcoins]

The ATH of bitcoin is heavily dependent on technical analysis. 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.

[#dhabitamartha]

In my opinion today is better than yesterday this year is also better than last year even though the price of the coin did not go up like 4 years ago but Crypto coin is still slightly improving and starting to rise even though only around 20% but this is increasing the trend so I always think that Covid has made me excited to search for cryto coins and have put in a lot of effort to improve the worldwide economy through crytocurtency