Bitcoin operates in cycles ob bull and bear markets that correlate with the halvings. Last halving was followed by a bull market and ended with the longest bear market in history. Now we are past another halving and in the new bull market.
Since bull markets also take longer it's safe to assume we will reach a new ATH or at least touch the old ATH in the next 2 years.
I don't think that covid will have anything to do with it. It will happen anyway.
Topic: Thoughts on new ATH - page 3. (Read 606 times)
My thoughts and expectation for the next Bitcoin ATH is that the price would be around $21-25K I don't have any date for it because I want it to build a good support to sustain it on that price.
I don't want to just hit another ATH and collapse again just like what happen to the current ATH.
I don't want to just hit another ATH and collapse again just like what happen to the current ATH.
Happy the way bitcoin has moved and broke that 10k level marks as it has been on those levels for months before it can cross it. Also, the way it touched 12k gives hope for many people that bounce back is very much possible and we will see some highs again for this year. ATH should also happen but when is that could happen is uncertain.
We should enjoy what we are seeing right now and stay focused with what bitcoin will deliver.
High chance that there might be another good run after touching the $12k, a test and will try to do it over and over till it breaks it reach another position.
Everything depends from investors from how they will treat this action and keep the fire continue
a better chance to everyone who entrust their investment with this asset.
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
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
My expectation is that, bitcoin will reach the price of its previous ath by this year,
Then after that a few correction will surely happen and then the new ATH will be hit arount $30-$40k. I don't expect too much but if ever that the bitcoin will reach higher than that, I think it is expected as we all know that bitcoin is really valuable.
Then after that a few correction will surely happen and then the new ATH will be hit arount $30-$40k. I don't expect too much but if ever that the bitcoin will reach higher than that, I think it is expected as we all know that bitcoin is really valuable.
Perhaps, we can see that most of the altcoins now are increasing that could be resulted from IEOS, and demands from investors, I also have friends that are already buying altcoins because of the good market condition, if bitcoin is still not reaching ATH, it is because there's lack of events that could drive investors to buy bitcoin.
So far, I am already happy that cryptocurrency marketcap as a whole is showing good prices which is still good for bitcoin, as for me, the higher the cryptocurrency market cap, the higher the price of bitcoin will be, if it shows bullish trend since most people might sell their holdings.
My thoughts and expectation for the next Bitcoin ATH is that the price would be around $21-25K I don't have any date for it because I want it to build a good support to sustain it on that price.
I don't want to just hit another ATH and collapse again just like what happen to the current ATH.
I don't want to just hit another ATH and collapse again just like what happen to the current ATH.
Someone told me the other day that they are not worried about the next ATH, they are using Bitcoin as a currency and that it does not matter what the price is, but in a way they are wrong. When you first bought bitcoins, you bought it at a specific price (let's say $10 000/BTC for this example) ....so if you do not spend it immediately.. and the price goes down to say $9000 ...then you would lose $1000 in spending value.
The opposite is also true... if the price goes up to say $11 000 ... you have $1000 more to spend.. This is why the next ATH is important, because people want to maximize their "spending value"
(Even if they do not convert it back to Fiat currencies and just pay with bitcoins)
The opposite is also true... if the price goes up to say $11 000 ... you have $1000 more to spend.. This is why the next ATH is important, because people want to maximize their "spending value"
(Even if they do not convert it back to Fiat currencies and just pay with bitcoins) What are peoples thoughts and expectations on the next ATH. Obviously impossible to predict I'm just curious to hear what others expect.
I know most of the investors have now ideas building on their minds regarding the next ATH. Well, I can't blame them because that's what all tend to think due to the recent price hike. But me? I'm not expecting. Don't get me wrong, I do feel btc make a great bounce back as well. I just refuse to expect any particular price as much as can because it hurts me if ever not happened 
. But in all of the predictions I heard, $15k sounds the most reasonable since it's close to the current price. Plus, not too hard to attain within the remaining 4 months.
Till the year 2017 the price increase didn't happen big. There was gradual increase in the price of bitcoin. All of the sudden the growth happened in large scale in the denomination of $1000. By the time the prediction for the bitcoin price was around $6000 - $8000, but the growth made it reach $20000. From there the expectation among people kept growing and then we haven't experienced a new ATH. Possibly we can experience this in few years of time.
My expectation is that, bitcoin will reach the price of its previous ath by this year,
Then after that a few correction will surely happen and then the new ATH will be hit arount $30-$40k. I don't expect too much but if ever that the bitcoin will reach higher than that, I think it is expected as we all know that bitcoin is really valuable.
Then after that a few correction will surely happen and then the new ATH will be hit arount $30-$40k. I don't expect too much but if ever that the bitcoin will reach higher than that, I think it is expected as we all know that bitcoin is really valuable.
$50k? Or something close to that. I'd like to think I'm already dreaming big but a lot of people out there actually hope for Bitcoin to go up to $100k or more. Don't blame them though, Bitcoin has surpassed most people's expectations whenever it comes to its ATH after a significant time of it's halving. Though countries are still experiencing a lot of problems with their financial situations and as such, I think people are looking for something to hopefully evade the repercussions of the situation, aka escaping into Bitcoin so they can save their money.
Add that to how Bitcoin is showing positive growth right now, at a constant steady rate, you can expect that at the minimum, it'd reach its last ATH by next year. The question is to how much would it actually go up from there, and well, it depends on how people react to it and whether the price would actually be a result of steady movement or another bubble.
Add that to how Bitcoin is showing positive growth right now, at a constant steady rate, you can expect that at the minimum, it'd reach its last ATH by next year. The question is to how much would it actually go up from there, and well, it depends on how people react to it and whether the price would actually be a result of steady movement or another bubble.
What are peoples thoughts and expectations on the next ATH. Obviously impossible to predict I'm just curious to hear what others expect. Some have made the point that the trough to peak has reduced 20%-30% although there could be other factors this time round that push the price higher
Will the economic fallout from covid create a perfect storm?
Will more adoption be significant
Institutional interest
What are peoples thoughts and expectations
Will the economic fallout from covid create a perfect storm?
Will more adoption be significant
Institutional interest
What are peoples thoughts and expectations
I think its too early to be having thoughts about a new ATH simply because the last ATH has not been broken yet and the joruney to that is still very far for one to start having thoughts over. I am sure people who bought when the price was $20,000 would have a separate understanding about what ATH is all about and they are the ones that should be the deciding factor in determining whether we have reached a new point or we are looking to achieve that.
My expectation is bitcoin will hit 25k$ in this year. I think the COVID effect is not a big issue for bitcoin & others crypto. If you see the history you will find that in this Pandemic bitcoin raised more. Also, this year bitcoin halved so there is a high chance for bitcoin to reach new ATH.
Bitcoin halving event does not take effect suddenly. It has also affect some of the miners making them quit. Their rewards has been cut in half and adjustment is imminent for this. I believe btc price will increase but it will take a while maybe 2 or 3 years to see it on a good price. 20k, 30k, 40k, and even 100k is possible and Im hoping for this price too but it will not happened over a year. It will be needign twice or more of the currenct market cap now.
i am one of these people who didn't cash out a penny during previous ATH price. This time i will not make the same mistake. we all know how many price forecasts are there online. just to mention a fact that may seem funny and unserious to many but i hope it may be true..... nearly 1.5 year ago i had a dream in my sleep. prices about 108K repeated three times in a row followed by a red stop sign (X) flashing each time. i don't know what this exactly means neither if this if the price in USD or my local currency which today exchanges for 0.61 USD.
Yeah most definitely institutional interest will play a bigger role in the upcoming market and probably will result to a new ath surpassing the previous, I have the feeling it will be more than 20k this time but can't put a specific price, every time we hear new institution getting involve in crypto will a long way to impact the market positively.
The halving.
The effect of it looks start to take effect.
No certain timeframe but I'm also counting in for the same all-time high price and higher. $20k - $100k. Interest from the institutions are higher this time.
The effect of it looks start to take effect.
No certain timeframe but I'm also counting in for the same all-time high price and higher. $20k - $100k. Interest from the institutions are higher this time.
I'd say we'd have a place in $15,000 this year. That's the realistic price I can see as of now.
I think so too. Bitcoin will warm up again in early 2021 and in the second quarter (beginning or end) we will be able to see a next bull run of bitcoin. That one will put bitcoin into a fully bull run period. In this year I don't think bitcoin can be able to climb up to around $20k. It has climb too high from the bottom in February and need to find a stop station. Take a rest, and warm up, climb up again months later. Will the economic fallout from covid create a perfect storm?
There was a time during the covid 19 pandemic in March 20120, the price of btc dropped abruptly from $10500 to as low as $3600. But, later, the price increase and reached over $11000 with a very strong support. I do not see any storm coming this year again but for the price to increase, even if the increase is not abruptly. That was when the plustoken scam dumping happened. It was probably one of the best time to buy Bitcoin when the market was in turmoil. Though the market is bullish right now, this kind of event might reverse it again now that you've mentioned it.
I'd say we'd have a place in $15,000 this year. That's the realistic price I can see as of now.
My expectation is bitcoin will hit 25k$ in this year. I think the COVID effect is not a big issue for bitcoin & others crypto. If you see the history you will find that in this Pandemic bitcoin raised more. Also, this year bitcoin halved so there is a high chance for bitcoin to reach new ATH.
I'm not sure we'll reach a new ATH any time soon. And probably that sort of sudden, meteoric rise is not desirable anyway as it wouldn't be sustainable. It is probably better to have a slow, steady rise... that way we avoid the huge downturn like we saw in 2018. So I would hope that when we do get a new ATH, it is more like $30k than like $100k. And I suppose in theory, if the movement is slower, then as there is time for adoption to increase, then volumes will increase too, and we will see less volatility. I just don't think we should want too much, too soon.
So what is your thoughts about a sudden price surge? Is it the whales pouring massive amount of money to Btc or was It an overwhelming number of adoption?
Nevertheless, the slow rise seems a good motion to avoid anxiety in selling your Btc, than a sudden rise that leads to quick selling (specially the weak hands).
Technically, when the price suddenly rise, It also does more adoption as people will be jumping with the hype like the 2017 ATH. So, either way may it be slow or sudden rise, the number of adoption will increase.
What are peoples thoughts and expectations on the next ATH. Obviously impossible to predict I'm just curious to hear what others expect. Some have made the point that the trough to peak has reduced 20%-30% although there could be other factors this time round that push the price higher
I'll give a ball park number of around $70k
Will the economic fallout from covid create a perfect storm?
I wouldn't say it is a perfect storm, but investors are looking for something to put their wealth in this pandemic, so perhaps bitcoin might be a good case for them.
Will more adoption be significant
Institutional interest
Institutional interest
Definitely, there's some correlation between if we wanted to see ATH in the future, more money coming from institutions to flow into the ecosystem.
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