Topic: BTC created new ATH before Halving: are you surprised? (Read 616 times)

I also think this BTC "unusual incident" is coming from the BTC spot ETF when around 50B USD has flowed into this product in the past 2 months. The impact of the BTC spot ETF is large enough to change what we know about BTC over the past 10 years, but I believe that the most important property, cyclicality, of BTC will still be maintained so that we can be proactive in our investment plans in this market.

I don't have a clear price target for BTC at Halving, I think the higher the price, the better!

I tied the votes because I am also shocked of how bitcoin acted this month imagine breaking ATH before halving ? how in the world this happened ? of course because of the investors taking advantage of the Spot ETF and some added investors who is going with the flow now.
hope there will be at least 75k breaking before the halving.

Yeah, when it comes to influence then we can say that ETF did really give out that big part or influence with these current movements which it did really make out that kind of boost but of course we arent still
that in bull run yet which we do know that it would be always happening after the halving and seeing these current pump prices is the gradual increase of the market since we are really that heading on bull run market
on which it would really be just normal to assume that we would really be able to observe these gradual price rise. It is really just that good to look at that the price did break out those all time highs.

Get surprised? Its not surprising because anything could happen on this market on which on the time you do saw its impossible but it did really happen. This is why it would be
always best that you should secure your position before everything would go to the moon not only with Bitcoin but also in other coins as well.

I very much believe that until the halving we won't see any real bullrun, the current bullish trend is due to ETF heavily influenced by the fact that ETF right now managed 200,000 BTC and that causes lack of supply in the market same thing with ethereum but it just means a good omen that in the future after halving where scarcity become a real thing for bitcoin its gonna be getting better and better.
trust me we are just starting $100k is easy for bitcoin this time around too much good thing is happening that im sure in the future the market sentiment will become better and better and go towards bullish.

my take though, I think hold on the coin until at least $100k and get as much profit as you can.
Im doing this too in favour of me in the future who will definitely gonna be grateful for holding bitcoin for sufficient time. despite many people thinking of exiting this time around though I don't believe majority thinks that people are still bagging so hard right now.

This is not a surprise because you are right - when the price of bitcoin broke $60K, then people had hoped and predicted that a new ATH would be reached before the halving. Maybe this is a surprise for those who don't follow price movements and don't do analysis - but I don't really care about this and tend to choose to hold and continue accumulating.

It's just - I would say this is a blessing worth being grateful for. An ATH before a halving has never happened before - but it has happened this time. Many will continue to expect prices to get more expensive leading up to and after the halving - but it's best to keep your psychology from being influenced by the things that make you sell now.

Yes, I'm really surprised! I was expecting Bitcoin to hit a new ATH only after the halving, what means I was expecting to see what is happening right now only in the end of 2024, or maybe at the beginning of 2025. The market is moving faster than we expected and I think it's a general feeling many investors and adopters had, just like me.

However, I can't deny once more people who were procrastinating the day they would finally start investing in BTC have lost the opportunity. On that aspect, I'm not surprised, since we have been constantly seeing this happening bull season after bull season. People seem to never learn, as they keep buying on the top and selling on the dip... Anyway, I believe there is still room for further increasements in Bitcoin's price. People who buy for 70,000$ can still make some profit by selling it once the price hits the 100,000$-150,000$ mark, as many are predicting.

I'm optimistic we are going to head to those price levels soon, although I don't want to be too greedy to wait Bitcoin hit the 200,000$ zone or above. That would be too risky in my opinion, and I can't give myself the luxury of waiting another 4 years of my life to cashout some sweet profit once again in order to make some improvements in life.

I don't know, I don't think this is a surprise, even though this is the first time. The incremental price reached was $72,900, but then came down gradually and is currently around $71k. Some investors may have sold their bitcoin at a high price, but this is not wrong because basically the price will continue to fluctuate which they will most likely take advantage of. Buy now or sell is fine in my opinion, but it's better to hold because the potential for a high ATH is very likely to occur after the halving.

While I am not surprised, I think this is something like a first right? I am not sure. In the end, its just another tuesday, not really a big deal to me because when you are long term holding, making a new ATH before or after halving doesn't really change much. The hype in the market is lovely though, I always love it when people are super excited about stuff like these, it makes it a lot more fun to be around in the crypto world. I remember clearly when people didn't trusted any of this, and that caused a lot of trouble, now that I am looking at the market and see all these people having a lot of fun, it really makes me super happy to see so many happy people .

Sort of.

What kind of stage? Another ATH? Yes.

Not at all. Bitcoin's behavior every cycle changes and that's the dynamic of it. So, everytime we get close to the halving, its nature changes.

This is what you should really be having in mind on which you should have in mind on the time that you do step your foot into this market is that its never been that predictable and this is something that you should really be having in mind in the first place and we've been seen this market does have that different variations and there's no such thing about patterns. Yes, we could really be able to form up something like pattern but doesnt mean that it would be surely or 100% that will happen in future. Bitcoin never fails us to surprise when it comes into its price or value on which it would really be keeping on breaking new all time highs on every cycle.
Yes, its true that this time it do able to make it without still reaching up that halving event.

No one had expected that we would be able to reach up 70k+ on pre-halving period whereas this kind of situation had been projected or anticipated that this
could happen on post-halving period but well everything couldnt really be predicted as always.

Which government warns people to take advantage of opportunities? I'm really curious which governments support and urge people to invest in bitcoin at this time because if I remember correctly, there aren't too many governments that love bitcoin. Only influential people do this, but they have their own purposes, not sincere advice for everyone.

I remember when the ETFs were approved and bitcoin was dumped to $38k, many people complained, were disappointed and even cursed because bitcoin didn't rise as they expected. But suddenly bitcoin rebounded and created a new ATH before the halving in everyone's suspicion. So, I don't believe that if someone says they are not surprised or not too surprised that bitcoin reached ATH before halving, no one predicted the scenario where bitcoin would break history and make ATH before halving.

In fact, when the Bitcoin price reaches $60k, the potential to reach a new ATH before the Halving is very large. So, I think people expected that, although people were still surprised when the ATH was actually reached. I think this is the first time the price of bitcoin has reached ATH before the Halving occurred. This surprised many people because, by achieving ATH before the halving, the potential for a new ATH after the halving could be very high. I think, because of this basis, enthusiastic people are still buying bitcoin to this day. However, I think that there is still a possibility of bitcoin passing the current ATH before the halving occurs.

I will admit that I am quite shocked by what is happening, I knew the ETF approval was going to bring a lot of money to the market, and this could make the price of bitcoin to grow prior to the halving and reach higher levels than what it did during the previous cycles, but I was not really expecting for a new ATH to happen or for the 70k resistance level to be surpassed so fast, so at this point I need to reconsider my posture and wonder if bitcoin will surpass six figures before the year ends.

Ahhhh.... These sentiments sucks, firstly you haven't gone through my post from the view I was posting, in short, you just skipped everything making correction in your views by the same countered questions.

At the same time it might not be helpful for the other participants on the forum anymore so let's end, but still, I would say are you feeling Bearish or anyone else, let me know, and then I'll talk about it. For an idea of what I meant just consider the fear & greed in the market which represent the collective emotion of the crypto market based on the on-chain activity and developments, does It show two emotions at the same time it can be greedy at a time and it can fearful at a time because bullish, bearish, greedy and fearful emotions are calculated by how the market is behaving.

We don't make emotions try to understand, we get influenced by something that triggers them.

 

The market is full of surprises when traders and investors are influenced by FOMO. Remember that price fluctuations like this can be considered normal because awareness of bitcoin has increased over time, even governments have warned their people to take the opportunity, that's also what influencers do.

It's true that this is unprecedented in history, but it's not a big surprise when ETFs and halvings have both shaped investor confidence in bitcoin. There was a lot of money flowing in after the bitcoin ETF was approved, so I'm not too surprised by the ATH before the halving. I might have been very surprised had $100k been reached before the halving. But of course, congratulations to all holders.

You watch anime or hentai haha just kidding  well, I also used to watch anime, and yeah sometimes I also give late replies due to procrastination.This also means, the sentiments of someone being bearish and bullish are totally individually, and I do know that what causes these sentiments, you are talking about the cause, while I am talking about the emotions, the sentiments, of a person which are based on individuals. You might consider the market bullish due to your sentiments that the market has developed, but another person in the same market situation can have different market sentiments, which means he might be bearish.
Yeah, it will, because the market changes sentiments from time to time, thus traders and investors have to change accordingly. But please don't say BTC will fall back to $10k, as I don't think it will ever touch that target again.
What does insignificant mean here? Please shed light.

Now at 72k? Never that I find this to happen at least not in our present time as all of thread that has this kind of question as i denied giving positive responses maybe because I don't want myself to be frustrated once this not happen.
but now that this already happened? yeah i am very shock to think that in 2024 we will be recorded such occasion but yes lets congratulate each others who keeps their bitcoin intact since last year.
Not sure who are not educated when having this kind of increase?yeah it is indeed that there are  pumping happened every before halving but those are not breaking the ATH in which different from what had happened this time.
because Bitcoin broke ATH before halving .

The new ATH before the halving was a surprise for many people, but I think the price will continue to increase and will reach the real ATH. This is still the beginning, especially since the halving is just around the corner so we can follow price developments.
I am not too surprised to see the price can reach a new price, but I am impressed by the price movement, which can increase in a short time. Now, the price is still going up and down, and maybe another high price will be reached.
But it could be that before and after the halving, the price will be sideways for a while. And after a few weeks or months, there is a rise higher, and that's when a long rally for bitcoin will occur. Anything can happen so let's just wait and enjoy the journey.

Haha.. I was enjoying my day with some anime episodes still pending but the reply forced me to react, I was quite busy for the whole week with my laziness, but I was looking forward to posting every reply from throughout the week's mentions. let us start with you. First of all Bullish and Bearish are not individual sentiments these are the infected emotions from the market momentum, if Bitcoin falls by 10k today and starts consolidating haha your bullish vibe will get wiped out due to the social feedback and human psychology, no matter how logically strong your bullish sentiment was. 

So correct yourself with this, On the same time the Bitcoins supply was never considered a lot, its always treated as insignificant and the flow was just a matter of time (I mean distribution).


Perhaps it seems like you're consistently puzzled, but I can't quite grasp why we haven't had a satisfying discussion yet. It's as if I can't quite comprehend your current state. It's amusing to me because, knowing you personally, I sense a certain absent-mindedness lately.

Ah, I'm confident that if you take another look at the topic or simply reconsider the title, you'll find the answer to what I was discussing. As for your correction speculation, it seems you might be overestimating things here. After the halving of the production cost for Bitcoin, the correction might actually result in a higher figure than what you've mentioned. The maximum we might revisit now is in the range of 55k to 60k. Even that seems high considering the current developments. I don't foresee any significant dips coming our way soon. So, logically speaking, let's stand firm at 60k.

For someone that haven’t been here for long or haven’t been following up with the Bitcoin price, I’m not surprised at the recent development. One notable thing about patterns is that, it’s subject to changes and these changes should be accepted as a new order. Not like anyone could do something about it but, if one believes or accepts the market to be a partially unpredictable environment and Bitcoin to be very volatile, then we could as well accept the fact that, patterns would not be maintained. While this might be the first of its kind, breaking of its all time high and creating a new high just before the halving, it would be a new norm to the realms of possible occurrences in the market.
Factors that could result in this is;

The more popular nature of Bitcoin at this time,
The expectation of the halving, with the occurrence just weeks away,
The tons of investors pitching their tent to take advantage of what was known etc,

It’s definitely something to smile at and take advantage of.