please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
Supply and demand, 4-year cycle, sentiments.
These are the things that I know makes the price of Bitcoin go up. Why Bitcoin will make another all-time high? Because many believe that it will, and it happened many times already. Bitcoin goes up then it goes down again then the year after that, Bitcoin will move kind of sideways, but it's another opportunity for those who didn't bought at the bear market, and then after that, the bull run happens. However, this isn't the case all the time, and maybe we might see a different kind of cycle in the future.
What if Bitcoin's price never comes up? Bitcoin's price will not go up "if" there isn't many people who are using it or in short, there is low volume. As long as there are people around the whole buying and selling it, it will go up, but at the same time, it will go down.