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Author Topic: When do we really note it for Bitcoin ATH  (Read 528 times)
Kelward
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April 26, 2024, 01:43:43 PM
 #41

My understanding of Bitcoin price ATH is anytime when price exceeds the highest price of Bitcoin, before it starts to dump, meaning that anytime price increases more than the previous ATH then we'll see a new ATH, the ATH will continue until price begins to dip. Ofcourse ATH normally happens during bull runs, that is when we see a price surge that can exceed the previous ATH, so I'm quite optimistic that we can see a price ATH of $100k in this year, then in the peak of the bull run next year, price can exceed $150k ATH, before dip will start to happen, this is my speculation.











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April 26, 2024, 02:17:21 PM
 #42

I view your question in two ways one being from the point of you not knowing what bitcoin ATH mean and the other being you wanting a clarification on how to know it before hand. For the first part, bitcoin ATH simply means the point bitcoins records a high it has not recorded before. For now the ATH of bitcoin is $73,738. On the aspect of knowing the ATH before it happens, I don't think there is anyone that can know that with accuracy. The best people do is to predict using past data and gauging the market momentum combined with the news and development within the bitcoin ecosystem. Even with all these tools,  it is still impossible to know what the ATH will be before it happens.

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April 26, 2024, 05:20:00 PM
 #43

I view your question in two ways one being from the point of you not knowing what bitcoin ATH mean and the other being you wanting a clarification on how to know it before hand. For the first part, bitcoin ATH simply means the point bitcoins records a high it has not recorded before. For now the ATH of bitcoin is $73,738. On the aspect of knowing the ATH before it happens, I don't think there is anyone that can know that with accuracy. The best people do is to predict using past data and gauging the market momentum combined with the news and development within the bitcoin ecosystem. Even with all these tools,  it is still impossible to know what the ATH will be before it happens.

Simply put, every time Bitcoin records a price above the previous highest price, it will be called a new ATH. So when do we expect bitcoin to hit its new ATH? This is a question that is basically difficult to answer with certainty, of course because we never know the future.

A new ATH can be expected when bitcoin gains higher interest over time. The soaring demand for bitcoin makes the price even higher, but of course there is time you have to set aside to wait for the time to arrive. A bullrun can be expected after the halving, but prices do not rise as fast as imagined without the support of large investors and other positive things.

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April 27, 2024, 05:45:23 AM
 #44

During every halving price of Bitcoin crossed previously created ATH and now halving has been initiated so there will be no sudden effects of halving but the market will dump and after which pumping will happen so don't think that if price has not surged yet then it will not increase anymore.

The previous ATH was 69k$ and before halving Bitcoin has already touched 73k$ so it is assumed that Bitcoin will increase further and will go higher than these two values. however it is still very difficult that when we will see another ATH and also we don't know about the value of new ATH but possibly it will be 100k$ or more than this.
As we all saw Bitcoin had already crossed its last all-time high and made a new all-time high before Halving.
Looking at Bitcoin's history, everyone is very optimistic that Bitcoin will touch $80K, $90K, or $100K very soon, but looking at the current movement of Bitcoin, it can be said that all this may take a long time.

For those who can hold BTC for a long time, this is still a suitable time to buy and save bitcoins, but for those who cannot hold their BTC for a long time under any circumstances, so this would not be a good time to buy Bitcoin for them because they will have to sell them back after some time and this might not be a profitable deal for them.

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April 27, 2024, 09:33:22 AM
 #45

I view your question in two ways one being from the point of you not knowing what bitcoin ATH mean and the other being you wanting a clarification on how to know it before hand. For the first part, bitcoin ATH simply means the point bitcoins records a high it has not recorded before. For now the ATH of bitcoin is $73,738. On the aspect of knowing the ATH before it happens, I don't think there is anyone that can know that with accuracy. The best people do is to predict using past data and gauging the market momentum combined with the news and development within the bitcoin ecosystem. Even with all these tools,  it is still impossible to know what the ATH will be before it happens.
To be fair, a situation where we end up with a "prediction" regarding all time high, is literally the speculation that we all make here. This is the forums speculation part, and when you say it will go up or down, you make a speculation, when you say it will be 100k in 2 years, you make a speculation, when anyone says "I believe we will break ATH price in 6 months" they are making a speculation.

You do not have to know it, nobody knows it, but just because we do not "know" it, does that mean we can't trade? Trading is literally turning the speculation into execution and that means we are going to end up with a greater return and that's the most important part. I think this is why we need to realize that things aren't always that easy and just have to go with the flow even if we don't know.

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April 27, 2024, 01:53:32 PM
 #46



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!

After the Bull market has ended.

Historically 12 months approximately after the halving is when the Bull market has ended
and the Bear market begins, its has been part of Bitcoins 4 year cycle.

or when the market falls for a certain length of time. ATM we can refer to Bitcoins ATH as
~$73,000

If you want to know specifically when that happens - nobody is going to be able to
tell you that. There are only two certainties in life 'Death and Taxes'

R


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April 29, 2024, 05:24:23 PM
 #47

The highest price is the ATH, so as long as bitcoin price continues to beat a new high then it is the ATH. Just like you it is better people don’t get to focus on the next all time but rather do your research to predict how high the market can go or if you can not do same research due to lack of knowledge, you might as well look at past history of the price of bitcoin and then accumulate. When it’s down to taking of profit, my advice is one should just set a price target that looks realistic for them and take profits there. Waiting for a certain high price could create a missed opportunity.

I will be confident to say most investors that took profit in the last bull run many of them didn’t take it at that $69k most would have taken their profits before then, which to me is still good rather than regretting not taking any at all due to waiting for ATH
We invest because of profits, so I think it's not bad to focus on the ATH. Also the research you are telling there, does not differ to it. Doing an overall research is good but if it's only about how high the market can go, that would be none-sense because there is no way to tell it.

Checking the price history is interesting. It can give us an idea about what BTC had achieved but again I won't use it like a pattern to tell the next move of BTC because I could be waiting in vain only. Apart from statistics, I think luck can also be applied here. If one is like that, their beliefs and solid patience can still get compensated which can also encourage them to do it again.

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Bravut
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April 29, 2024, 08:56:40 PM
 #48

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!


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.
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