On March 14, 2024, Bitcoin reached a new ATH of $73k and surpassed the previous ATH of $69k in 2021, a lot of investors were happy that the price reached a new ATH even before the halving event that happened in 20 April 2024 so some long and short term hodlers took profits from their investment when the new ATH was created. Now, some investors who didn't take out profits when the ATH was created are waiting anxiously to see another new ATH this year before the bull run begins so that they can utilize the opportunity.
Is it really necessary to be anxious for a new ATH to be created or just keep hodling and discard whether a new ATH happens or not? And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?
Bitcoin did crossed the last all time high but it was not the bull, the price has now sustained around 70K making the 60K price range a good support, the resistance around 70K doesn't exist anymore. That means a slight price hike would lead us around 80K and if the bull does come, the price would easily go over 100K. I'm bullish on bitcoin and believe the bull would come this year or next. 100K would be a large resistance but we can easily target around 98K.
