...
I expect ETF approvals anytime soon. There is likely a fair bit of hedging going into btc from institutional investors. Probably coupled with some announcement resolving the blocksize stalemate for maximum impact if they can ever agree. Once that happens we are in uncharted territories IMHO so this could go big. Way bigger than last ATH is possible
Without an increase in the blocksize, I don't see the justification from a fundamental point of view for an increase in the the Bitcoin price above its all time high. If there is an increase in the blocksize then multiply the maximum blocksize in MB by the ATH in USD. I would spend some time on this site
https://blockchain.info/blocks to really understand what is going on with Bitcoin.
I am talking fundamentals here. As for what crazy thing speculators will do who knows. There was the ATH of ~2.4 million USD for ZEC for example.
I agree BTC has issues, but it seems to have no obvious end right now - what can watching transaction waiting times size and full blocks do, other than confirm there is an issue that is potentially crippling to growth.
It's hard to feel confident in Core and its 'solutions' - but I don't see how miners will find consensus to act and go against them, so what can we do but watch as things limp on?
I have stayed out of the debate - due to feeling inadequately technical to know what is right and just hoping it will sort itself out... But it doesn't seem to have thus far...