I was still hopeful at the first half of this year that btc will reach either $25k, $30k or even $50k but all of that has now changed. There is really no all time high and I need to accept that huge money does not get created and poured easily into the cryptocurrency market.
Yes, we are already on the 8th month and the price is still recovering. I am holding bitcoin but I am taking small profits and I am not waiting for it to moon. There are so many predictions about bitcoin may it be positive or negative and I would just take a look at their justification why they think that it would reach that price and then I would use my own strategy trading bitcoin. If it would moon sooner then good but if not then I would just continue to trade taking small profits because at least in that way, I am still earning.
I really do not think this is the time to be taking profits out of your investment in bitcoin, the price is too low and it is likely it is going to remain that way for a long time, I know that some people are desperate by this situation especially those that are losing money but there is nothing to do, the market cannot be manipulated be the likes of us and the only thing we can do is to try to profit from its unpredictable movements.
But I think that it is the most safe time to get profit from bitcoin investment and trading. Specially for short term traders, because bitcoin price is also fluctuation a lot between 6000$ and 7000$, which can give a very good profit to those people who are interested in short term investors.