We have seen that the price of bitcoin has been stucked between 8k and 9kk.Sometimes,it reach 10k.But will the price of bitcoin reach it's previous highest within the end of this year?Which price are you expecting??
No, it will not.
Bitcoin has not shown the same amount of hype for it to all of a sudden double/triple in price and establish a new all time high. This year is different from last year in that we're going to be consolidating with very little room to move both upwards and downwards, and for most of the year it's just going to be boring, sideways movement.
But long term wise, all time highs will be broken for sure. It's just a matter of time.
For the previous all time high to be broken and for BTC to hit $20k, I think it'll take around 3 and a half years. Around 2020, the year I expect the markets to be the most bullish we've seen so far due to the awareness that's been built around BTC during this pump, even though it failed to reach $20k.