And we're back at $69,500. The recent surge in the price wasn't strong enough to break the ATH. It was almost there, perhaps just a couple hundreds away, but it fell short. The ATH remains the one reached 8 months ago. But, yeah, it might be shattered in a few days. We're just 6% away from it.
ATH usually creates noise. It will make headlines. Everybody who has bought Bitcoin is in profit. That's indeed worth celebrating. It might make others envious, curious, even flip. So there might be new investors because of it. Not to mention the herd mentality that prevails among many of us.
Topic: Will the new Bitcoin ATH attract a lot of new investors ? - page 5. (Read 617 times)
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It will attract many investors because of the high price, most of whom will buy high and sell low. It is always the same. Some will eventually learn and will hold for the long term or do DCA. But some people are hooked to invest when the highs are breached and sell when the lows are breached out of fear.
Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?
Bitcoin nearly reached its ATH of $73,737 when it got to about $72,274. Now it is trading at about $69,566 which shows that the price has dropped and didn't cross its last ATH. It is common for FOMO to increase when the price goes high. More people who want to make a quick profit will invest because they don't want to lose out. There are so many factors that affect the price of cryptocurrencies. It might include political, economic, natural disasters, war/conflict etc. The conflict in the Middle East, US elections, ETF inflows and US FEDs meeting, among others will determine how the market will look this month.
Bitcoin is very much near its all time high and can break it in few days. Do you think that when it crosses the all time high, it will be all over the news and lot of new investors will start investing in bitcoin ?What will be the impact of this behavior on crypto market in general ?
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