The current sentiment market is good for bitcoin, even I can say many of big companies which is pay attention to cryptocurrency. As you may know the facebook has been announched their coin which created based on cryptocurrency. At least it will make everyone know easily what cryptocurrency is and make cryptocurrency will be mainstream. And also there are a lot of positive new that came to cryptocurrency as a whole or especially to bitcoin.
This current situation will give a good affect to bitcoin price movement, common things to know bitcoin price will depend on speculation and some news or we say it as fundamental factor. Bitcoin price will up if there is a good news and we have been seen it so far. In a few days bitcoin price has been increased drastically, maybe around $2000 in a week. I believe this market will continue until we find another ATH, we will surpass the $20.000 for sure.
Certainly ATH will repeat itself again, and I dint think this will be the last ATH we will see for now, since we still have enough supply limit, I think till we exhaust the supply limit when the price of Bitcoin will become static.
ATH will always be in a cycle form, maybe every 4 years, as we approach this ATH which we don’t know exactly the target value now or when it will be, I believe there will still be a major dump of the coin again which will force the market back to bear market for a while, before picking up after sometimes to bull market, and this maybe what the cycle will be like till Bitcoin becomes a stable coin.