Back in January 2018, at the peak of his power, just before the bubble burst, Bitcoin was at an all-time high $20 000.
With the latest dip and bear market in 2018. things are pretty boring.
In your opinion, when do you think that bulls are going to be ready to play again?
When is it expected for Bitcoin to hit $20 000 again?
This will not happen this year.
Wild guess, it would be near the next halving. There will be another hype that the price will jump because of the halving, just like what happened last time.
I think this process will take lot of time because the price of Bitcoin is very low and the demand of Bitcoin is also not rising from a very long time now.In 2017 it had almost hit $20,000 and had created new record.So we can say that it has the capability and potential to reach up to this mark and even higher.We should not underestimate Bitcoin.Bitcoin is the father of all the cryptocurrencies and is the most expensive and valuable one.It has the largest number of users in the market.