The ATH of bitcoin is heavily dependent on technical analysis.
Could you care to explain, if you would say a big investment is necessary then it would be almost correct but technical analysis is to analyze the market and nothing else
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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.
If there is any strain in the economy you will not find huge investment in the stock market but you would see that kind of investment in gold and that is why the price of gold is rising for months. Once again the charts are just analysis and the investment must be pouring in for the market to move higher.