When do we really note it for Bitcoin ATH - page 3.

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Quote from: JiiBs on April 18, 2024, 05:52:18 AM

So, exactly when can we have declare an ATH to be?
Is it really subjected to any price that just broke the previous ATH even when we know it ain’t going to hold for long? Because we just might have way too many ATH in the previous!

How much do you want to declare about the new ATH, is it $100K? Wait if you want this is usually after 18 months+ halving, referring to Plan B.

The past ATH is no different, the record will definitely be different because the price continues to rise if the ATH is not too long, it is normal that as long as it is in a bullish phase, the price will still be high, so I don't think there is a problem when wanting ATH too far.

The fact is we only want to see $100K in the near future if this has been broken then the new target will be even higher.

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Quote from: JiiBs on April 18, 2024, 05:52:18 AM

So I want to keep this really Brief but,

I was just reading some threads as I do often on the forum and I noticed a thread that talks about Bitcoin ATH and even so, recognizes that Bitcoin is still climbing. Of course it might be an ATH given that, it already broke the existing at the time. Even so, we know that it’s not going to be hooked there and price appreciation is still going to continue pushing for more.

So, exactly when can we have declare an ATH to be?
Is it really subjected to any price that just broke the previous ATH even when we know it ain’t going to hold for long? Because we just might have way too many ATH in the previous!

When the market enters the all-time high we consider that time as the new ATH. For example Bitcoin highest ATH in 2021 was 69 thousand dollars then from there market started dumping to 15000 dollars and then market slowly pumped and participated in 2024 peak high of $73000+ now question is if we consider $69k as new ATH. And if it reaches $73k in 2024 then we consider it to be all time high and new ATH. But the all-time high of $73k I think will break this record and set a new record in 2024.

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Thats an ancient saying quite true thousands of years, today we can apply it to the dollar FIAT value. Dollar 2021 is not the Dollar 2024, they are not the same value or interchangeable which one day that will matter everywhere but for BTC the ATH from 2021 should not be compared too closely to the ATH right now as their values only match so much.

The main thing to consider is volume, which relates to resistance. The people who traded BTC in 2021 want their dollars back, they have debt to repay and despite appearing we exceeded the old ATH price did we really do so in value terms. This could explain some of this disappointing languishing price action in BTC.

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Quote from: JiiBs on April 18, 2024, 06:54:50 AM

Quote from: Dunamisx on April 18, 2024, 06:32:37 AM

There are many ways or channels in which we can know the all time high market of bitcoin, this can be done on exchanges, wallets or some other news related apps concerning bitcoin or crypto, like from the previous we had last month, bitcoin all time high is $73,800 and whenever we arrived at anything above this said range is another all time high, same applies as it continue to rise in same pattern for among the new ones until the market dumps.

That’s to say, it doesn’t matter if it stands or not,
Like every price that went up after the previous long lasting $69k price mark is an ATH in themselves as, that’s the idea am getting and it just doesn’t seem like what should be to me.

Now the Bitcoin price is back below the ATH again and if it is still possible for it to increase again this year or after the halving, I don't think we need to wait for next year to see a new ATH again on Bitcoin. Because even reaching $74K is already included in the new ATH of all time, especially if you can get past that range and get to $75K. Because buyers in the market can also hold influence in this case, it can cause a very small level of price correction in Bitcoin.

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Each time the price record breaks and Bitcoins goes up, we mark that exact moment as ATH price. Yes it might break multiple times and we might see ATH price more often, but that is not the issue. If you meant the actual figure, then that will only be seen only during the bull run. The price will just go down and down, and at that moment we can note how high Bitcoins were during the rise. In this manner the final ATH price can be noted.

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Quote from: Dunamisx on April 18, 2024, 06:32:37 AM

There are many ways or channels in which we can know the all time high market of bitcoin, this can be done on exchanges, wallets or some other news related apps concerning bitcoin or crypto, like from the previous we had last month, bitcoin all time high is $73,800 and whenever we arrived at anything above this said range is another all time high, same applies as it continue to rise in same pattern for among the new ones until the market dumps.

That’s to say, it doesn’t matter if it stands or not,
Like every price that went up after the previous long lasting $69k price mark is an ATH in themselves as, that’s the idea am getting and it just doesn’t seem like what should be to me.

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Quote from: JiiBs on April 18, 2024, 05:52:18 AM

So, exactly when can we have declare an ATH to be?
Is it really subjected to any price that just broke the previous ATH even when we know it ain’t going to hold for long? Because we just might have way too many ATH in the previous!

There are many ways or channels in which we can know the all time high market of bitcoin, this can be done on exchanges, wallets or some other news related apps concerning bitcoin or crypto, like from the previous we had last month, bitcoin all time high is $73,800 and whenever we arrived at anything above this said range is another all time high, same applies as it continue to rise in same pattern for among the new ones until the market dumps.

JiiBs

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So I want to keep this really Brief but,

I was just reading some threads as I do often on the forum and I noticed a thread that talks about Bitcoin ATH and even so, recognizes that Bitcoin is still climbing. Of course it might be an ATH given that, it already broke the existing at the time. Even so, we know that it’s not going to be hooked there and price appreciation is still going to continue pushing for more.

So, exactly when can we have declare an ATH to be?
Is it really subjected to any price that just broke the previous ATH even when we know it ain’t going to hold for long? Because we just might have way too many ATH in the previous!

Topic: When do we really note it for Bitcoin ATH - page 3. (Read 528 times)