Will we see an all time high soon?
We will. Before, we're seeing google searches that were all about bitcoin and it's being published in the news so it gets attention. This time, we don't have that but it's obvious that we're still getting it but with a plus. The plus, those companies that have recently expressed interest towards bitcoin.
Very valid point - we have seen companies such as PayPal start to accept crypto payments and larger firms starting to place their treasury assets and invest in Bitcoin - what large companies do you think will be next to follow in these footsteps?
It's hard to guess what will be the next big company that will announce their adoption to bitcoin. Just like PayPal, it's unexpected and a surprise that came favorable to us.
And just as expected. We're going through a healthy correction.
$19400 > $17349
Those who took the profits, congratulations to all of you. Now is the right time to take your profits and buy again at a lower price.
Sadly i am not happy with the downfall of the price.
I recently bought some coins when BTC was 18k USD above, and thought it will easily hit upto 22k USD at the end of the month, but sadly my fortune didn't come with me and i ended up having losses.
Still i have faith and i am assuming, BTC will surely hit 20k USD atleast at the end of this year.
Fingers crossed.
It really means that we don't know where the price is heading even if we do some technical analysis. And most of the times, when we think that we are heading in this direction, in this scenario, $20k, bitcoin will go on the opposite direction. The good thing though is that the price is hovering just above $17k and didn't drop even further. So you will have to wait and be just positive that in 2021, we might be nearing an all time high of not just $22k but even more.