What if BTC never reaches all time high?
Look what happened to Japan stock index Nikkei 225:
https://adjusted-for-inflation.com/japanese-stock-market-nikkei-225/It peaked in year 1990 at 38800 and only managed to get back to 24800. Now it looks likely it will never reach its all time high anymore.
Now let do a simple comparison:
Nikke 225
All time high 38800.
Second All time high 24800.
Second All time high to All time high ratio: 24800/38800 = 64%Bitcoin
All time high 20000.
Second All time high 13000
Second All time high to All time high ratio: 13000/20000 = 65%We can see that their
Second All time high to All time high ratio are almost the same.
Is that the same pattern bitcoin will follow? Only pump and dump by whale price manipulators from now on but can only reach All time high again?
Do you own research on the Nikkei 225 index historical patterns and make your conclusion.
(you can view detailed Nikkei 225 index data here:
https://www.tradingview.com/chart/?symbol=TVC%3ANI225)
What if Bitcoin never ever supersedes its prior ATH of $20,000~ odd well that's something no one can tell because there's no crystal ball just intelligent charting and lots of optimism, however, there's potential in it at least having a moderate impact in traditional markets over the next couple of years if the economic climate worsens globally eventually there'll be less alternatives to turn to and hopefully this asset will be one of them because just a small amount of capital from the trillion dollar markets would see it climb to new highs provided the global outlook doesn't get too gloomy else we'll have a $1,000 bitcoin on our hands but I doubt that will ever happen