Topic: Can Bitcoin reach another new ATH before the bull run begins? - page 2. (Read 532 times)

I agree with setting up imaginary goals and then regretting will not help anyone. But, to derive a realistic target price for bitcoin, we must need technical approach. But, I do see people here are simply speculating based on their greedy or fear index level. Of course our emotions will play significant role on deciding the price level of bitcoin we have seen that in this market countless times.

For example by 2017, people here were speculating about 10k price level for then bullish market but we ended up with ~20k levels. So, we cannot speculate how our FOMO or fear will drive the market. If someone convincing you about one million dollar per bitcoin then you may decide to delay selling of your 0.01 BTC. I mean even your holding is less, when more people are speculating similar to you, then you can witness market reacts in your way.

Of course, we need to set realistic goals and rely on market factors to set goals, not exaggerated goals based on our greed. In addition, the market is volatile and no one knows what will happen, so the target can also be changed to suit the market situation at that time. We need to be flexible and above all be satisfied with what we have, don't be stubborn or too greedy, we won't have to face any bad stories.

But your warning is not redundant because many people have fallen into that situation, they set unrealistic goals, they set goals based on greed and not based on any market factors. Yes, many people end up with bad stories when the bear season arrives.

It's different this time but the one that happened on March this year was true, and that's another ATH. With that, we have to wait for at least next year as that's what the cycle is telling. But if you go back to the charts, that's actually true and it's known by many that there is the 4-year cycle. The bull run is just getting started and there's more to it that's likely to last for 2025 and that means that the pattern of 4 year is still in. Well, let's wait for next year.

Well, if it feels not enough for you. Then, you can wait further and take your profits when you think is the right time. It's true that we've got targets but if you're looking the at histories and cycles, you should plan when is the right time for you because we've got different situations and reasons why taking profits is gonna be needed. Just do it whenever you are comfortable but if ATH appears again this or next year, you have to do something about it or else you'll just let it pass and miss it.

I guess reaching a new ATH or not should not be an issue in the first place. We aren’t here and expect bitcoin price to achieve a new all time high every time, but we are here because we believe that bitcoin will make it big in the end, and by that time we might have maximize our bitcoin investment already.

So if there’s a new ATH or not, that is not a big deal really. What matters the most is still we take time to sell and gain profits whenever there is an opportunity to sell, and buy back again when the market is giving us a good buying opportunity. I think that’s how bitcoin investment should be equally done.

I feel like the "unexpected" big increase was due to ETF, and we haven't even seen the halving situation take effect yet, when that happens we are going to end up with something that will make it work and do a lot better. I am not saying that we are going to have something that will get bigger and better, we just need to make sure that we are going to end up with a greater return if we see it work.

I hope that people could realize that, and if that can be done then we are going to see something that will benefit everyone all the same. I hope that we could make money with the upcoming bull, because I believe that we haven't seen anything yet, that ATH 73k was due to ETF, if we go bull then we are going to see 100k even 150k for it.

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. Bitcoin reached an ATH of $69k in 2021 and the current one that happened recently in March this year was $73k so this is just an interval of 3 years regardless of the fact that we are expecting the price to create another new ATH in 2025, so until then we can tell if a new ATH is meant to be created after every 4 year cycle then if it does we can assume it to be a theory but I doubt if it will be Theory that an ATH is meant to happen every 4 years since their are various factors that determines the creation of a new ATH.

However, 4 year is not enough to be taking profits from your investments in my own opinion but everyone has their investments target so if you find 4 years convenient enough to take your profits then it's fine but for me even if i will set a target on when to take profits from my investment, it will depends on the price range between the time I took the previous profits and the current one.

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.

Many of us often talk about Bitcoin when it rises and falls because it is caused or influenced by factors and is based on speculation that has not yet happened and will happen, Of course ATH is always associated with halving, that's what people often talk about regarding Bitcoin's rise.

Even so, in many people's understanding, I always speculate that the increase in the price of Bitcoin is determined based on.

From the points above, I speculate that the price of Bitcoin could rise, without having to create a new history process for the Bitcoin price to increase, It is possible that if supply and demand occurs on a large scale in the crypto market, Bitcoin could print the highest price, which could happen at any time without crypto users even thinking about it.

Same here mate. I don’t get the idea why reaching ATH matters a lot to these new bitcoin investors. Of course, the moment they decide to invest in bitcoin, then they should have foreseen how bright the future of bitcoin will be. And not that they will force bitcoin to reach its new ATH even if it’s not the right time yet.

Bitcoin continue to show us a consistent price appreciation, even if it’s just a slight movement. And in no time, we will reach a new ATH soon, but I’m not just sure if it’s going to happen this year or probably next year. No one has the control on that.

Honestly, most of us or even all of us didnt expect that Bitcoins price would really be able to hit up or able to break its previous ath on which it did make that 73k price point but after that it did make out some correction but not really that deep on which its a good sign that we do have that a solid support. Although we cant really be able to tell if it would be able to hold into that last huge dip. Come in mind that we arent that still far yet or simply we are still that near on post halving season or event on which there would really be still that possible chance that we might be able see that last dip but of course no one really knows if it would happen or not.
The market is something that would really be always that unpredictable and this is why if you are really that tending to have that maximized profits then you should really be that wise when it comes to the decisions you are making specially in talks about having that accumulation.

Now that the price is starting to make some increase as of this moment. We dont know if this one would really be something incremental or really just that a typical day movement of Bitcoin.
For those who do able to make some short trades then they are really that making some profits now.

Can't hold them either knowing that not all are for the long-term, many take their chance to make a profit in every price increase.
I could still remember in the past Bullrun where the majority held their Bitcoin thinking that it would continue to pump but a sudden drop came and missed the ATH. That influences their mind and that also changes their investment approach where they sell without waiting for the ATH.

Well, setting a target price is a good strategy but be sure it is achievable. Or else, we are hoping for nothing, and still, it ends in a bad story.

It's normal because you are thinking about a missed opportunity. No problem if you want to hold it and you decide whether to sell during ATHs or not. What matters there is your satisfaction if you're satisfied with the price or not. Don't make it a big deal as it will cause you more stress.

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 wouldn't say that they are nervous, most likely they are inexperience in the market, as they don't know how the market works and very eager to see a new all time high. But as we can see, before the halving we have reach new all time high of $73k already. But after that, it's consolidation time again but it doesn't mean that we will not reach a new all time high this bull cycle.

Investors have their own target, but I don't think that it will be complicated though, you just continue to buy and HODL, simply as that. And when you think you are good selling with the profits you made then sell in. There is no secret formula there, you can sell near top, you just have to time the market, that's it.

Means that those who have sold Bitcoin when the price of Bitcoin is at $73K already feel the advantage with the decision to release it at that time? Not necessarily they sell everything according to my estimate. Investors like them mostly sell a few percent of the amount of bitcoin owned as a form to get bitcoin at a low price of the price they sell. That's part of their strategy.

Now those who still survive by choosing to hold back even though the price reached $73K at that time would not be anxious because this was still in the phase of the improvement even though after Halving the price increase was still too difficult if observed at a glance.
They, investors who have worked several times before Halving, are certainly not in an anxiety situation because they already understand the four -year pattern.
I myself am waiting and enjoying the pattern until the highest ATH occurs.

Based on history, we are not yet in a bull season or a bull season that everyone is waiting for, the entire market will be bullish, including many altcoins and memes that bring 10x, 100x returns, then we are not yet in bull season.

Everyone thinks about the bright future of bitcoin but I believe most people will sell their bitcoins in the upcoming bull season because of life so it's no surprise that they are concerned about the final ATH. Frankly speaking, no one doesn't want to buy at the lowest price and sell at the highest price, those who say they don't care are lying. But I believe that predicting bitcoin's final ATH will be difficult if not impossible, so we need to have a specific target and should sell when bitcoin reaches the target we set.

The current Bitcoin price conditions could be a sign of resistance to $80K although I don't think that will happen anytime soon this year. Because now the Bitcoin price is back below $70K again, which means it still takes more time for Bitcoin to move up at the rate you said. Because this measure is also a new ATH in Bitcoin if it can happen again this year because another bear still hasn't really come to Bitcoin during this year and I also hope that it doesn't come too soon to Bitcoin.

They didn't not make a profit but they continued to accumulate it, because they bought it at a cheap price before the $73 came and why didn't they withdraw it because that number was not their target.

Currently the market has not yet made a strong maneuver but they believe that after the halving the decline will really end, they will prepare and sell 100K.

Since the pandemic, it's nearly five years (6 more months till the complete five years) since its outbreak in Wuhan China, the whole world economy is in crisis. There is no exception in any country because the world now is flat with digitalization and globalization.

Governments try to mislead us with terms like Technical recession, soft landing but the fact is citizens are suffering a lot with what has been happening last five years. Whatever term and announcement they use, Technical recession or recession; hard landing or soft landing, citizens actually don't feel comfortable with their lives and finance recent years.

People lack of patient characteristic to succeed in this market. They want to see the bull run comes as fastest as possible and feel like they can not wait some more months to see bull run.

For people who don't have good finance, borrow money to invest, have bad finance, risk and capital management, I can understand their lack of patience because they don't have much time for waiting. For people who belong to another type of investors, invest with own money, it's bad if they don't understand market cycles, psychology cycles, and can not wait a bit longer time to enjoy bull runs.

Even this cycle is different than past ones, bull run will come when most of people feel tired and gave up.

I'm not sure if you are still confused about the current situation OP but I have to tell you that we are still in the bull season and asking about the ATH, nobody knows when it will come or if it was done already.

But I don't think it is really the ATH we wanted to know instead, let us just think about the better future of Bitcoin. Besides, it was not the ATH that made people come and invest but I believe this is because of the bright future of Bitcoin. Having it happen that the price of Bitcoin reach $73k, is already a good achievement that happens in the crypto market.

I didn't know a bull run and a new ATH were scheduled this year to be honest. When it will happen? I don't want to miss it... Joking aside, why do you fill anxious about a new ATH, you are not supposed to be anxious about that, otherwise you haven't a good mindset at all for trading. I don't think it's a good strategy to wait for ATH to take profits, because you can't say if the asset is really at its ATH or if it will go up further. It's better to define your targets from the profits you want to realize instead of looking for exceptional events IMO.