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.
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.