Re: Will Bitcoin exceed its all-time-high of almost $1300 in the near future?
This is just my opinion, but I feel Bitcoins momentum was kinda killed with this dump back to the 800s and it's gonna take some time to reach the 1200s again since you need people to actually buy BTC at 1300$ to reach 1300$.
You won't get that much people to buy Bitcoin over 1000$ if they think it can drop dramatically to 800$ while they sleep. We need some weeks even months of stability to gain back confidence.
You won't get that much people to buy Bitcoin over 1000$ if they think it can drop dramatically to 800$ while they sleep. We need some weeks even months of stability to gain back confidence.
I don't think the momentum was "killed", it was interrupted if anything. The momentum will eventually keep going towards where it was going, and that is towards a new ATH.
It's only a matter of time, the question is if you want to gamble your bitcoin position for a potential 100 ish dollar short (since it seems average now is 800)
the momentum to go to the moon has been killed but the overall momentum is still there and price will continue rising after a while.
right now there is a crazy stage where nobody is sure what is going to happen and so far price has been going up and down, shaking out weaker hands and forming a parabolic rise:
