I think the next high on the monthly chart could be in the price range between 14 and 24 thousand dollars. The price of a single bitcoin is back above the production cost so, at least temporary, for the miners the situation has relaxed a bit. With the next halving the production cost for 1 btc should rise to 15 thousand dollars so it is plausible that bitcoin price will realign itself to accomodate this new situation, rising to 14k $ or above.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.