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!
We can only have a new ATH after price has crossed the previous one formed which is $73,000. In as much as price hasn't crossed it, the price still act with that as a resistance until it's breached, though we are speculating price to form a new ATH in this bull run. There is only one ATH for now, wether it holds for a long time or not once it sweeps it, a new ATH is formed.
We just need to watch how the market moves, probably after the halving we know the new ATH.