it seems the best time for the crypto market has arrived and is ready to end the bearish market and they are ready to start a new rally that will restore the price of the coin. Most crypto investors have been very impatient to wait for this big surprise, because the coin has begun to show signs of bouncing back, even though one big obstacle is still blocking its way.
At the time of writing, Bitcoin is struggling to climb to the price of $4.200, it continues to approach it but it is unfortunate that it has not been able to reach that price. He has also succeeded in breaking through resistance several times, although corrections are still common, making some investors wonder whether it is now right to buy, sell or HODL?
Therefore, let's start by judging from its past performance, Bitcoin has the potential to reach at least $20,000, maybe more. As you can see in the past, every time he rises to the highest zone, he will definitely go down again, but there is still a chance to rise to a higher position. If this happens again, the price may exceed $20,000, maybe even this will happen in 2019.
However, if we look at what is happening, some might say that this is no longer possible, because there are several reasons that might be a barrier for him. One of them, interest in Bitcoin has declined, especially because the trade does not make as much money as before. In addition, investors' attention has been divided, and many are now focusing on other parts of the market.
Nevertheless, the popularity of Bitcoin is not affected, because it still dominates the market so far. However, he did not get more attention as happened in the past.
Investor Interest Is Too Important For Bitcoin
As analysts say, bitcoin needs to revive investor and trader interest. If investors start making money by trading it again, more money will flow to the market, and Bitcoin will be able to grow quickly. However, one of the most basic theories you need to know, this will not happen without institutional investors.
Bitcoin was last up after he got a surprising momentum along with most other cryptocurrency in 2017. At that time, there were thousands of new investors coming to the market due to price increases, and they were ready to invest large amounts of money into crypto. So that causes the price of cryptocurrency to fly high, especially bitcoin. However, this excitement seems to have died after the market crash in January 2018, and is unlikely to return.
However, institutional investors are experienced enough to know when to invest and when to get out, which is why most of them will know how to handle volatility.
If institutions, such as investment companies, banks, and big businesses invest in Bitcoin, their competitors will join too, so that there will be billions of money that will flow to the crypto market.
This is an ideal scenario that can even bring cryptocurrency to mass adoption, although this is not possible due to regulatory uncertainty. Simply put, Bitcoin is likely to show serious growth when it manages to attract institutional interest, and when things start to happen outside the market.
The positive thing is that some institutions have begun to take steps carefully to invest in crypto and blockchain, even though they are still very careful.
Even though this is a positive thing, which means that Bitcoin is still running in unfavorable conditions and the situation needs to change so that real growth will occur. Once that happens again, the hype is likely to follow it once again, and the new rally will likely be able to bring the coin back to $20,000, even more than that.
