2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000
2018 and 2019 can be both under $6000. 2020 cant anymore. But I agree, ATH is really so momentum event that no one really catch it.
I agree with this sentiment, and I actually think this is the likely outcome. Surely BTC will drop below $6k. It has tested that range twice, and I am certain it will happen again. Early 2020 is when the block halving happens, so it is very possible we will see a new ATH at the end of 2020.
Why does it surely have to drop below 6k? If anything I would be bullish when it nears 6k as that to me seems like a great support line. Combine that with the fact the hashrate has been ever increasing since December and you have a lot of bullish signs. I am not convinced of this drop that will happen to 1k and will only believe it when I see it due to the heavy support present at 6k.