So let me ask you a question in one word tell me:
1. Will Bitcoin create a new ATH?
2. What is your price prediction?
3. Will Bitcoin reach $50,000 this time.
Thanks.
1. Yes, bitcoin will create a new ATH.
2. My price for the new ATH will be at $50k-$100k. Perhaps, that is too high, but I believe that bitcoin can touch that price in the future.
3. It is hard to reach $50k this time, but bitcoin price will have a chance to reach $20k-$30k.
Many traders predict bitcoin bull run will reach $20K in December and probably a new all-time high as bitcoin is just 28% away from establishing a new one.
Right now, bitcoin price at $15,900 and still continue to climb higher, according to trend analysis this rally may be extended to $17K before a pullback.
I won't so confident to say bitcoin will reach $50K this time, it would be great if bitcoin breaks the resistance level step by step to $20K.
We hope that the bull run can reach $20k before December, and after the new year, bitcoin price can increase higher. We are seeing a new ATH right now, which we are waiting for almost 3 years, so it is a good price to sell bitcoin and take profit. The chance for bitcoin price to break $16k will be there, and it was closest to break that price. The next hard rallies will be at $16,500-$17,500, but I am sure that the bitcoin will break it later.
Although it seems too hard for bitcoin to reach $50k, it will be touch it soon. No matter if that price can reach at the end of this year or next year, we will going to see that price. $20k seems to be the hardest price to break it because that is the last ATH that we saw happening in the past.
