When will Bitcoin see its old peak?

Experts have commented on when Bitcoin will see its old peak. However, this prediction of the experts may annoy us who are fastidious.

Can Bitcoin see its old peak?

With the green wave movement in 2017, Bitcoin reached up to $20,000. Since then, Bitcoin has started to retreat and fell to today’s prices.

When the current conditions are evaluated, it seems that it will take time for Bitcoin to see $20,000 again. Some experts are of the opinion that Bitcoin will not see its AHT until the first quarter of 2021.

See: Bitcoin trading volume has returned to April values-Investor interest is increasing

Experts, Bitcoin price is below the current formation of 2014. He states that it resembles his formation in 2016. In other words, they say that it will take time for it to get rid of the bear market and get back to its old levels.

If there is one thing we have learned from the history of Bitcoin, it is that when Bitcoin entered an upward trend again, it constantly passed its old AHT. Likewise, Bitcoin’s annual lows have been above its previous level so far.

See: The Bitcoin halving event can bring BTC prices to an astronomical price

Bitcoin halving is on the horizon. As we have experienced before, an increase in price was observed at least 6 months before the Bitcoin halving event. Considering this, and with the impact Fidelity and Bakkt will bring to the industry, it may not have to wait until 2021 for BTC to see its AHT, as experts claim.

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