Bitcoin set a new all-time high of about $60K+ during the last bull run in 2021. This was followed by a devastating run that drastically dumped the cryptocurrency's price. Analysts believe the big crypto asset will recover in the coming months, but investors shouldn't expect a new all-time high.
Contrary to popular belief, every Bitcoin's price decline will result in a new all-time high (ATH) in the next campaign. However, this belief hasn't been proven more than once. Bitcoin has achieved its ultimate market goals, but that doesn't stop that cryptocurrency from remaining functional and active.
Peer-to-peer digital currency is the most used medium of value transfer and has the largest market capitalization ever. Due to its high-value potential and yield, it is a stay coin in every portfolio (i.e., always present). The coming months look great for Bitcoin (BTC) as it hopes to recover significantly from its setback during the last bear rally. According to analysts, holders can expect a considerably good yield, but a massive price surge needs to look more feasible.