Can Bitcoin reach another new ATH before the bull run begins?

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Quote from: taufik123 on June 19, 2024, 02:25:29 PM

Quote from: Falconer on June 19, 2024, 01:20:25 PM

-snip-

An ATH of $100k will be the main key to whether Bitcoin can reach $120k or even $150k and possibly higher,
depending on how the Bitcoin trend is developing at the time.

But when most people's target is above $100k, this will get even stronger.
Now it is bearish, but making a repurchase to accumulate more bitcoin holdings is the right choice.

Bitcoin is still having difficulty breaking through resistance above $73K - this indicates that the market needs time to improve. Price recovery post the recent correction clearly requires support and time - this may not happen any time soon given that panic tends to prevail when prices try to recover.

You've said it right - it's accumulation time. But will every holder do it? I don't think so - economic and many other issues will affect their interest in the market. Only those with good sources of income will accumulate - while others will simply hold while waiting for the market to recover.

Quote from: taufik123 on June 19, 2024, 02:25:29 PM

But also need to remember, a deeper downside risk may occur, so you must also be ready with the money reserves you have and take advantage of the opportunity.
My advice is not to do fast trading if you don't have expert knowledge in fast trading, it will only stress you out and will even lose your Bitcoin holdings.

If you want to trade, separate the portfolio, which for the long term should not be used for trading.

Some accumulation strategies can be tried - but price volatility can really make them lose a lot of their investment. Trading becomes one of the accumulation strategies for those who have the skills - while they will be safe without touching their initial investment in bitcoin. I agree with you - the main portfolio should not be touched, meaning they can trade with separate budget.

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Quote from: Falconer on June 19, 2024, 01:20:25 PM

-snip-
For now, I think many investors still believe that bitcoin will reach a new higher ATH next year. Prices will probably exceed $100k to $150k, so it might be good to hold while accumulating. Price volatility can be exploited if you have the budget, otherwise you can hold it longer or use trading knowledge for accumulation efforts.

An ATH of $100k will be the main key to whether Bitcoin can reach $120k or even $150k and possibly higher,
depending on how the Bitcoin trend is developing at the time.

But when most people's target is above $100k, this will get even stronger.
Now it is bearish, but making a repurchase to accumulate more bitcoin holdings is the right choice.

But also need to remember, a deeper downside risk may occur, so you must also be ready with the money reserves you have and take advantage of the opportunity.
My advice is not to do fast trading if you don't have expert knowledge in fast trading, it will only stress you out and will even lose your Bitcoin holdings.

If you want to trade, separate the portfolio, which for the long term should not be used for trading.

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Quote from: Cryptoprincess101 on June 19, 2024, 01:46:30 PM

Quote from: goaldigger on June 19, 2024, 11:13:10 AM

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Exactly, every investor has a price target so if they meet it and has made some profits they can decide to sell. A real investor is not moved by market fluctuations because he knows that if the price Dip it gives investors more advantage to buy at a dip price in other to make more gains. Even though Bitcoin investment should be targeted in the long run but it doesn't mean that if an investor have made good profits that they shouldn't withdraw it after all the reason for making investments is for profit making so selling after a profit has been made isn't bad at all.
For me if an investor decides not to sell even when their price target have been met is shouldn't be an issue so far as they don't sell when a dip happens, they should learn to be patient enough to withstand the pressure that accompany the market some times.
Waiting for a new ATH may not be useful for any investor who is new into Bitcoin except those that have been hodling for long now.

In many cases, greed will likely only harm you. If investors do not sell at the price included in their plan, then they must be prepared to wait longer to take advantage. If your investment goal is to make a profit, then you must be consistent with your plan even though it is still possible for you not to sell everything. Selling gradually is an option, but it can be done only if you believe that there is better potential to look forward to in the coming year.

For information, the price of bitcoin fell 5.6% in the last 7 days or 8.7% in the last 14 days. In my opinion, this is not a good time to sell, but it is a good opportunity to accumulate. June is not very good based on market conditions, so collect more satoshis and consider selling them later. But first, this is not financial advice that anyone should consider. This is just my personal assumption.

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Quote from: goaldigger on June 19, 2024, 11:13:10 AM

Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

-snip-

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Exactly, every investor has a price target so if they meet it and has made some profits they can decide to sell. A real investor is not moved by market fluctuations because he knows that if the price Dip it gives investors more advantage to buy at a dip price in other to make more gains. Even though Bitcoin investment should be targeted in the long run but it doesn't mean that if an investor have made good profits that they shouldn't withdraw it after all the reason for making investments is for profit making so selling after a profit has been made isn't bad at all.
For me if an investor decides not to sell even when their price target have been met is shouldn't be an issue so far as they don't sell when a dip happens, they should learn to be patient enough to withstand the pressure that accompany the market some times.
Waiting for a new ATH may not be useful for any investor who is new into Bitcoin except those that have been hodling for long now.

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Quote from: goaldigger on June 19, 2024, 11:13:10 AM

Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

-snip-

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

You are right, I am sure some investors may regret their decision not to sell their bitcoin when the price has reached the expected target. If you expect a return of 3x the initial value of your investment, then of course it is a good idea to sell it when the target has been reached. Long-term holders certainly won't sell as quickly as possible, but they will sell when they truly believe that the price has reached its peak. Between two price cycles, there must be a period where the price peak is reached.

For now, I think many investors still believe that bitcoin will reach a new higher ATH next year. Prices will probably exceed $100k to $150k, so it might be good to hold while accumulating. Price volatility can be exploited if you have the budget, otherwise you can hold it longer or use trading knowledge for accumulation efforts.

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Quote from: goaldigger on June 19, 2024, 11:13:10 AM

Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Yes, the problem is that sometimes he does have a selling target but when the price has reached the price level set by himself he loses it and does not take advantage, greed arises because he expects bitcoin to continue to rise unstoppably, despite the fact that at the bitcoin price level of $73k he returned to correction to fall deeper and that is a fatal mistake in my opinion unless it aims to sell in the last year of the bitcoin cycle. Even though we can also sell 1/2 of our bitcoin holdings and leave the rest to follow the market if it has concerns that bitcoin continues to increase in price from the level that has been touched which is our target just in case and make better decisions.

It should indeed be accumulated when the decline is something that must be done if it is an old player, they always do that because it is far more profitable than staying silent and lamenting an unproductive market.

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Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

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Quote from: Richbased on May 25, 2024, 12:21:27 AM

On March 14, 2024, Bitcoin reached a new ATH of $73k and surpassed the previous ATH of $69k in 2021, a lot of investors were happy that the price reached a new ATH even before the halving event that happened in 20 April 2024 so some long and short term hodlers took profits from their investment when the new ATH was created. Now, some investors who didn't take out profits when the ATH was created are waiting anxiously to see another new ATH this year before the bull run begins so that they can utilize the opportunity.

Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?

I think it is always depends on the investors limitations, some investor wanted to make a big profit that is why even if they already have profit to be taken they still didn't take it and they wait for a big huge profit, that is why they keep holding, the market is now really high on volatility and we need to hold to earn a true profit not penny.

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Quote from: Republikcoin.com on June 08, 2024, 11:08:28 AM

The possibility and opportunity for Bitcoin to make a new ATH twice in the same year, aimed at this year, could still occur if the price correction is not deep enough. And from what we have seen together in Bitcoin price movements in the market, we can also give a little idea that the potential for Bitcoin to reach ATH again this year is still very, very open and quite possible to happen even though we still often see prices stagnating in the range $70K at this point in the market.

I see this hasn't happened before because when we are in a bear market, the price of Bitcoin can be volatile many times taking us to a new lowest price each time and this what we should be afraid of happening. We can still have a new highest price for Bitcoin this year and let the current state of the market not make us to have doubts because the market can change direction and starts to be bullish with one big news that is positive to the market but let us not hope for a new highest price when the market is in a bear movement. Right now we are not in the season of the bear market because Bitcoin halving has already happened and after there is a halving, the price of Bitcoin will get to a new highest price which is going to be happening when the market get bullish and not when the market is having a correction.

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Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

Finding ATH is a myth, the people that sold in ATH either lucky or just simply taking profit, you only find out ATH after you've passed that price sometime and see no more bullrun. its more realistic to sell whenever we are in profit because that way there's no regrets.
but i'm sure $73k is not the all time high for this market, we are still in bullrun, don't be overly pessimistic because the big institutional investors are still attempting to buy more and more bitcoin, you can roughly guess whats gonna happen in the future.

Quote from: pooya87 on June 07, 2024, 07:28:01 AM

That statement used to be true up until the early 2020 when the pandemic grew big enough to cause an economic crash which then had its effect on bitcoin price and crashed that. Ever since that dump, this whole 4-year cycle trend has been broken and we've been experiencing dwarfed bull runs and incomplete cycles.

honestly this is also my concern, will the full cycle form? if there's economic disruption that could overturn the entire economic situation, doesn't that mean things could be different than previous cycle?
we can't deny the fact that crypto market cap has been growing so high these days.

the difficulty of pumping such market with big market cap valuation will linearly increase alongside with the growth of the market cap. its not like before where the market cap is still low. more money need to flow in to pump the market and we starts running out of narratives, back then ATH caused by institutional investors buys up including tesla, right now its ETF, what is the next narrative no one knows, hopefully market can sustain.

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Quote from: Rasa nanas on June 17, 2024, 05:33:48 PM

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

I wouldn't be worried though, I mean you have that mentality to hold for a long time already so why not wait for the official bull run to commence or at least see a parabolic rise as everyone is waiting for the price to hit at least 6 digits and that is a good gauge whether we are going to sell or not.

I'm maybe one of those who sometimes think that being greedy is good in this market. Or just wait for the perfect time to sell and to make a lot of profits. Plus, patience is also a key here although we have heard this philosophy before, but it is till one of traits that we need to have in this kind of market because it's cyclical.

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I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

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Quote from: bitgolden on June 09, 2024, 05:24:22 AM

I believe that we are going to see the new ATH with the bull, it would be start of the bull run and we are going to keep growing more and more after that as well, it is going to be quite well.

The best thing to do right now would be just realizing that we are going to make a good profit when that happens, which means that we need to keep accumulating more bitcoin. I keep seeing people selling bitcoin and getting out, which makes no sense to me at all, I think it would be smarter if they could just end up with a better result by working harder. The best thing to do right now would be just realizing that you are going to make some money if you are careful, and that requires you to put a lot of money into bitcoin before it starts to go up.

Basically we like countdown to ATH and it has started. We are constantly busy looking at price charts and trying to see results. But investors should focus more on increasing their holdings and not be greedy. In most cases, holders may tend to sell their bitcoin stack during price rises, but long-term moves may yield much higher profits. It is increasingly important to take care of Bitcoin deposits and holdings.

Of course it will happen that Bitcoin will touch its ATH within few days. I see someone I know withdrawing his holding and why should I regret it myself it was normal but I couldn't stay normal I told him you will pay a lot for this in future. But he told me that he will buy again in bearish season. I think he might not get his expected dips in future. There are many bitcoin holders like this you can't stop them even if you want to but politely explain the importance and increase the care of your bitcoin stack.

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I believe that we are going to see the new ATH with the bull, it would be start of the bull run and we are going to keep growing more and more after that as well, it is going to be quite well.

The best thing to do right now would be just realizing that we are going to make a good profit when that happens, which means that we need to keep accumulating more bitcoin. I keep seeing people selling bitcoin and getting out, which makes no sense to me at all, I think it would be smarter if they could just end up with a better result by working harder. The best thing to do right now would be just realizing that you are going to make some money if you are careful, and that requires you to put a lot of money into bitcoin before it starts to go up.

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Quote from: Uhwuchukwu53 on June 08, 2024, 05:02:24 AM

The fact remain on what your saying as nothing to argue about it, though as investors you will still have little impact that the price is rising as it will also help to increase your expectations of making more profit but to to panic even when the expected year is not close, for some Long term investor ATH most time affect them indirectly because if they engage on weekly accumulating if the BTC it will course them a break as what they will afford during that period will be less than what they would have if the price is low.

You also have to pay attention to the level of investors who have capital because not all investors make weekly accumulations when they want to buy Bitcoin. There are also investors who buy Bitcoin in large quantities without accumulating it in one purchase, although most investors would prefer to be able to buy at a lower price. Because they have long-term savings goals that are very different from other people with shorter goals in their investments, so you also need to look at several investor models when they want to buy so you can know which investors often make weekly accumulations every time they buy Bitcoin because They basically don't have much capital that they keep in their wallets.

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Quote from: GideonGono on June 03, 2024, 01:30:01 PM

I don't think that it would reach or create a new ATH before the bull run, but I expect it to make while or after the Bull run.
I am hoping that it would create a new all time high record before this year ends even though it just made a new one this year.

Anything can happen here and as the price is now 70k$ so it is not a lower value and most of the investors are still in profit as they have made an investment at the price lower than 70k$. Price fluctuations are common with Bitcoin price so we are not sure that the price will create a new ATH or not but it is estimated that before the end of this year we will see a big pump that will bring more better conditions in the crypto market.

The price is changing regularly like yesterday it was 72k$ but today it is 70k$ and maybe tomorrow this price will be changed so the price is changing on a daily basis therefore be ready for all the circumstances.

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Quote from: GideonGono on June 03, 2024, 01:30:01 PM

I don't think that it would reach or create a new ATH before the bull run, but I expect it to make while or after the Bull run.
I am hoping that it would create a new all time high record before this year ends even though it just made a new one this year.

The possibility and opportunity for Bitcoin to make a new ATH twice in the same year, aimed at this year, could still occur if the price correction is not deep enough. And from what we have seen together in Bitcoin price movements in the market, we can also give a little idea that the potential for Bitcoin to reach ATH again this year is still very, very open and quite possible to happen even though we still often see prices stagnating in the range $70K at this point in the market.

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Quote from: Samlucky O on May 31, 2024, 12:49:42 AM

Quote from: Richbased on May 25, 2024, 12:21:27 AM

Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?

Those who are anxious for a new ATH are just being nervous unnecessarily. I believe as a long time investor, there is no need to panic when a new ATH is created and such person could not be able to sell before it fall back to previous ATH. Those people should not be considered as investors rather considered as traders because it's only trader's that are happy each time the price is high and worried when its dip and want to sell, but investors don border atol till they meet up there target.

The fact remain on what your saying as nothing to argue about it, though as investors you will still have little impact that the price is rising as it will also help to increase your expectations of making more profit but to to panic even when the expected year is not close, for some Long term investor ATH most time affect them indirectly because if they engage on weekly accumulating if the BTC it will course them a break as what they will afford during that period will be less than what they would have if the price is low.

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Quote from: GideonGono on June 03, 2024, 01:30:01 PM

I don't think that it would reach or create a new ATH before the bull run, but I expect it to make while or after the Bull run.
I am hoping that it would create a new all time high record before this year ends even though it just made a new one this year.

It is very difficult to tell when market conditions will change. Bitcoin price is not bullish today but it is approaching new highs. Today Bitcoin went from $70k to approximate $72. Although it later turns. But the possibilities are not over yet. It is very likely that Bitcoin will touch another ATH in the next few days. But this assumption is not always correct. Bitcoin price rose to $71,931.28 and currently stands at $70,735.52, according to CoinGecko. If Bitcoin is slightly bullish tomorrow we may touch new ATH. Again that may not be the happen and from here the Bitcoin price may once again take a trip to the downside. There is no negative news yet but anything is possible due to various investors various thoughts.

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Quote from: Richbased on June 03, 2024, 01:55:09 PM

Quote from: tabas on June 02, 2024, 06:51:03 PM

Quote from: Richbased on May 25, 2024, 12:21:27 AM

And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?

Yes, I do this. So every when you're going to take profits? Every ATH happens only every 4-year cycle so that's not that much to do a favor for yourself after being so patient for that long, right?

I don't know how true this information is because if we reflect back at when the previous ATH happened before the last one we just experienced in 14 March 2024.

That statement used to be true up until the early 2020 when the pandemic grew big enough to cause an economic crash which then had its effect on bitcoin price and crashed that. Ever since that dump, this whole 4-year cycle trend has been broken and we've been experiencing dwarfed bull runs and incomplete cycles.

Topic: Can Bitcoin reach another new ATH before the bull run begins? (Read 565 times)