When do you think Bitcoin will go back to the $20,000 mark and what factors do you think could contribute to making it happen sooner rather than later?
Considering the current trends of the crypto trading avenue and the crypto market in general, there is no possibilities that Bitcoin is going to hit $20k. After the market price of Bitcoin hit $20k in the later part of the year 2017, the crypto ecosystem increased exponentially in terms of the number of people found in this ecosystem. Majority of these people got into Bitcoin mining increasing the amount of new Bitcoins mined into the ecosystem. This affected the amount of Bitcoins in circulation which further affected the supply and demand chain of Bitcoin influencing people to sell their Bitcoin at a cheaper rate. This caused the market value of Bitcoin to drop throughout the year 2018. The highest market value of Bitcoin I see it reaching will be about $10k.