Thoughts on new ATH

Josiah

New member
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
 

Santos

New member
My personal prediction is around $100k, give or take $20k.
Smiley
The post-virus effects aren't here yet. I do feel like the governments (at least mine) are starting to kinda struggle with the financial resources though, and that's surely not going to look well in a matter of months/years. This is part of the reason my hopes are up right now for BTC price-wise. Don't expect those trillions of USD that've been printed recently not to have a strong side effect on the longer term economy.

Adoption levels.. they're on an increase apparently, but I don't like the way it's being adopted and regulated at all. But for pure speculation purposes, I'd be bullish on BTC considering the adoption as well. Banks will most likely soon enough start pushing for BTC integration as well, which for the average person is amazing news. I mean, besides those recent hacks (for which BTC isn't even to blame), do we have bad news at all? If your answer is no as well, then so far it looks like the future is quite bright.
 

Anakin

New member
My prediction is its gonna be near its previous ATH and if got lucky it can surpass 20k level. Im sure many have think of the same, and keep buying. Maybe it sound fomo but even with pandemic the market started to recover and continue to increase from its all time crash last 4months.

With regards to adoption, I think more and more institutional group and companies will be interested to integrate blockchain, of course their first choice is bitcoin as most influential one and could be globally used like a real money. Digital currency is surely the future currency no doubt about that.
 

Braydon

New member
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.
 

Juelz

New member
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.
Will more adoption be significant
In the world, how many people are having bitcoin now?
How many bitcoin ATMs are we having? This answer you question. People get to know and embrace or people yet to embrace bitcoin are so many, bitcoin will still increase in price and the increase will be significant.
What are peoples thoughts and expectations
My expectation is that bitcoin adoption will increase, this will increase bitcoin marketcap and also market price will increase proportionally. Bitcoin price will still get to new all time high. But that does not mean that bitcoin will not increase and decrease in price but the increase over long time will surpass the decrease.
 

Yael

New member
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
One of the good things that happened to this industry, during this pandemic digital money
has been very useful including crypto.
Will more adoption be significant
This really be the big turning point, if more adoptions will take place we will see higher
chance to achieved new ATH
Institutional interest
For this one, though there's also reflections to the price but it's also prone to manipulations.
What are peoples thoughts and expectations
There are lots of opinions regarding this but for sure most of us wants to see more positive movements.
 

Mayson

New member
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.
I went on a one-week vacation and didn't check how cryptos were doing, and it was a big surprise for me that Bitcoin is between $11k and $12k now, after struggling between $9k and $10k for a long time. It's been a year since it reached such a high price! And from what I've read there doesn't seem to be an obvious reason why it went up like that. So if Bitcoin can do that, I don't see why it cannot go on a rally up to $20k in the next month. I do agree that it's not a very desirable thing, though. The fees would get beyond reasonable, transactions would remain unconfirmed for hours, and Bitcoin might then explode down to $6k, and we'd be back in January 2018...
 

Ephraim

New member
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.
 

Marc

New member
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.
 
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