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)
its because of the people around the world panicking because most workers have no work because of this pandemic, so they withdraw their bitcoins in their wallet and use this money to provide what his/her family needs for everyday, but theres still chance that bitcoin will go high again, if this pandemic ends then the bitcoin circulation in the market will be balance again