Can Bitcoin reach another new ATH before the bull run begins?

[tsaroz]

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.

[Richbased]

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?

Investors being aware that their anxiousness about the market price could be unhealthy to them would only have to invest and keep holding because your state of emotions to FOMO can't change the market situation and wouldn't do you pretty good with your investment unless you've a short term goal to take advantage of the little profits on when the market experiences new ATH.

Honestly I do have a practical term since my few times of being here. When we withnessed the recent ATH, I converted 60% of my bitcoin to the stable coin USDT strategically to accumulate more values of my bitcoin assets through the DCA processes.
So as we ventured into the halving and the dip events, I began DCAing until I accumulated more bitcoin values than I was supposed to have if I had just kept holding on.
I'm definitely not cashing out even though we meet series of ATHs but untill the bullrun. This is how I've programmed my bitcoin investment.

Converting your Bitcoin to USDT was a good move when Bitcoin got it's new ATH but since there was no significant dip after the halving apart from when it got to $56k and started increasing again don't you think that applying the DCA may not be suitable again since you will be buying at a higher price each time of your DCA, I was thinking that your plan of converting your Bitcoin to USDT was to wait for a dip then you rebuy with same amount of your USDT at once.

Definitely selling your Bitcoin when a new ATH is created is not a prerequisite that you gonna make much profits but hodling for a long term can guarantee you of a bountiful harvests when your investments are due for you to sell and make some good profits.

[teamsherry]

As of now we are already in the bull run and bitcoin continues to consolidate between 70k and 60k and I don't know if ots just resistance to take us into 80k and anyway I'm feeling that bitcoin woudl hit far bigger price range than we expected and this bull run still has a lot of fire and lifespan till we see another bear.

[pooya87]

The potential is definitely there but this potential doesn't seem to be able to turn into momentum because of the weird sell pressure that continues to exist due to the terrible economy that exists around the world and is worsening as the recession deepens.

We can "touch" the ATH again in the near future but I don't think we can expect a bull run anytime soon. At least no in the same way as we are used to when we talk about "bull runs".

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?

It all comes down to why you acquired bitcoin in first place. Was it to make some profit in a short time or was it to reach financial sovereignty. For those who see bitcoin as a quick profit making machine, they are anxious about the rise and falls and worry about when the bull run begins. Otherwise for long term investors and others it is not important...

[Samlucky O]

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?

Those who are anxious for a new ATH are just being nervous unnecessarily. I believe as a long time investor, there is no need to panic when a new ATH is created and such person could not be able to sell before it fall back to previous ATH. Those people should not be considered as investors rather considered as traders because it's only trader's that are happy each time the price is high and worried when its dip and want to sell, but investors don border atol till they meet up there target.