I feel like we are in store for a mighty big surprise, when Bitcoin takes off again.
However I am not sure, it could drop to $70 like over 5000 BTC are betting.
However, what if it does go to 120k? What if it takes off and never comes down again?
Consider the last ATH at the end of 2017, when Bitcoin touched 20k.
For two and a half years the price struggled to reclaim its achievement.
And yet.... it will never be 20k again. Last week I created a dPOLL and I asked for input.
@darkflame/which-way-will-btc-go-next-vote-now
https://dpoll.io/detail/@darkflame/which-way-will-btc-go-next-vote-now/
Out of the 9 respondants, 77.8% thought it would hit 29k before it hits 59k again.
It hasn't done either yet though. The lowest BTC fell to this past week was $31,558, and only so briefly it doesn't even reflect on the 30 day chart, only the 7 day. So though 2,558 short, were they right? Was that the dip? Or are we destined to see lower lows, before BTC rises again (if it does).
https://bitcointicker.co/stamp/btc/usd/7days/
https://bitcointicker.co/stamp/btc/usd/30days/
Percentage of Total Market Capitalization
I don't think this is the end of Bitcoin. While it is humourous to see DogeCoin maintaining 2.5%+ of all market cap, Bitcoin is back up to 42.23% up from 39% ten days ago. BTC is back baby!