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.

[Viscore]

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.

If you are here to invest for long term, you wouldn’t be bothered whether its new ATH comes delayed or not, simply because you have your own target price to sell regardless if its new ATH will be achieved or not. However, seeing the current bitcoin price, I have high hopes that bitcoin will eventually reach a new all time high, but we can’t be certain if it’s going to happen this year or the following year. So patience really matters a lot, if you can’t be patient, you will never experience massive profits selling at a new all time high.

[bettercrypto]

There are a lot of speculations in this field of industry about that matter, and they all expect that there will really be an ATH in the price value of Bitcoin. That's why, in the current situation that we are experiencing now, we feel and also notice that we are still correcting.

That's why most are floating and others are still in discovery and waiting to see what will happen on the chart where there will be a swing low or a swing high, just so they can determine if we are still uptrend or downtrend.

[Saint-loup]

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?

I didn't know a bull run and a new ATH were scheduled this year to be honest. When it will happen? I don't want to miss it... Joking aside, why do you fill anxious about a new ATH, you are not supposed to be anxious about that, otherwise you haven't a good mindset at all for trading. I don't think it's a good strategy to wait for ATH to take profits, because you can't say if the asset is really at its ATH or if it will go up further. It's better to define your targets from the profits you want to realize instead of looking for exceptional events IMO.

[Yamifoud]

I'm not sure if you are still confused about the current situation OP but I have to tell you that we are still in the bull season and asking about the ATH, nobody knows when it will come or if it was done already.

But I don't think it is really the ATH we wanted to know instead, let us just think about the better future of Bitcoin. Besides, it was not the ATH that made people come and invest but I believe this is because of the bright future of Bitcoin. Having it happen that the price of Bitcoin reach $73k, is already a good achievement that happens in the crypto market.

[MusaMohamed]

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.

Since the pandemic, it's nearly five years (6 more months till the complete five years) since its outbreak in Wuhan China, the whole world economy is in crisis. There is no exception in any country because the world now is flat with digitalization and globalization.

Governments try to mislead us with terms like Technical recession, soft landing but the fact is citizens are suffering a lot with what has been happening last five years. Whatever term and announcement they use, Technical recession or recession; hard landing or soft landing, citizens actually don't feel comfortable with their lives and finance recent years.

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".

People lack of patient characteristic to succeed in this market. They want to see the bull run comes as fastest as possible and feel like they can not wait some more months to see bull run.

For people who don't have good finance, borrow money to invest, have bad finance, risk and capital management, I can understand their lack of patience because they don't have much time for waiting. For people who belong to another type of investors, invest with own money, it's bad if they don't understand market cycles, psychology cycles, and can not wait a bit longer time to enjoy bull runs.

Even this cycle is different than past ones, bull run will come when most of people feel tired and gave up.

[siniminomorocomunisakito]

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?

They didn't not make a profit but they continued to accumulate it, because they bought it at a cheap price before the $73 came and why didn't they withdraw it because that number was not their target.

Currently the market has not yet made a strong maneuver but they believe that after the halving the decline will really end, they will prepare and sell 100K.

[Republikcoin.com]

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.

The current Bitcoin price conditions could be a sign of resistance to $80K although I don't think that will happen anytime soon this year. Because now the Bitcoin price is back below $70K again, which means it still takes more time for Bitcoin to move up at the rate you said. Because this measure is also a new ATH in Bitcoin if it can happen again this year because another bear still hasn't really come to Bitcoin during this year and I also hope that it doesn't come too soon to Bitcoin.

[Marvell1]

I'm not sure if you are still confused about the current situation OP but I have to tell you that we are still in the bull season and asking about the ATH, nobody knows when it will come or if it was done already.

But I don't think it is really the ATH we wanted to know instead, let us just think about the better future of Bitcoin. Besides, it was not the ATH that made people come and invest but I believe this is because of the bright future of Bitcoin. Having it happen that the price of Bitcoin reach $73k, is already a good achievement that happens in the crypto market.

Based on history, we are not yet in a bull season or a bull season that everyone is waiting for, the entire market will be bullish, including many altcoins and memes that bring 10x, 100x returns, then we are not yet in bull season.

Everyone thinks about the bright future of bitcoin but I believe most people will sell their bitcoins in the upcoming bull season because of life so it's no surprise that they are concerned about the final ATH. Frankly speaking, no one doesn't want to buy at the lowest price and sell at the highest price, those who say they don't care are lying. But I believe that predicting bitcoin's final ATH will be difficult if not impossible, so we need to have a specific target and should sell when bitcoin reaches the target we set.

[AprilioMP]

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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?

Means that those who have sold Bitcoin when the price of Bitcoin is at $73K already feel the advantage with the decision to release it at that time? Not necessarily they sell everything according to my estimate. Investors like them mostly sell a few percent of the amount of bitcoin owned as a form to get bitcoin at a low price of the price they sell. That's part of their strategy.

Now those who still survive by choosing to hold back even though the price reached $73K at that time would not be anxious because this was still in the phase of the improvement even though after Halving the price increase was still too difficult if observed at a glance.
They, investors who have worked several times before Halving, are certainly not in an anxiety situation because they already understand the four -year pattern.
I myself am waiting and enjoying the pattern until the highest ATH occurs.

[btc_angela]

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.

I wouldn't say that they are nervous, most likely they are inexperience in the market, as they don't know how the market works and very eager to see a new all time high. But as we can see, before the halving we have reach new all time high of $73k already. But after that, it's consolidation time again but it doesn't mean that we will not reach a new all time high this bull cycle.

Investors have their own target, but I don't think that it will be complicated though, you just continue to buy and HODL, simply as that. And when you think you are good selling with the profits you made then sell in. There is no secret formula there, you can sell near top, you just have to time the market, that's it.

[tabas]

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?

It's normal because you are thinking about a missed opportunity. No problem if you want to hold it and you decide whether to sell during ATHs or not. What matters there is your satisfaction if you're satisfied with the price or not. Don't make it a big deal as it will cause you more stress.

And is it also a good practice to be taking out profits from your Bitcoin investment each time a new ATH is achieved?

Yes, I do this. So every when you're going to take profits? Every ATH happens only every 4-year cycle so that's not that much to do a favor for yourself after being so patient for that long, right?

[Yamifoud]

snipped...

Based on history, we are not yet in a bull season or a bull season that everyone is waiting for, the entire market will be bullish, including many altcoins and memes that bring 10x, 100x returns, then we are not yet in bull season.

Everyone thinks about the bright future of bitcoin but I believe most people will sell their bitcoins in the upcoming bull season because of life so it's no surprise that they are concerned about the final ATH. Frankly speaking, no one doesn't want to buy at the lowest price and sell at the highest price, those who say they don't care are lying. But I believe that predicting bitcoin's final ATH will be difficult if not impossible, so we need to have a specific target and should sell when bitcoin reaches the target we set.

Can't hold them either knowing that not all are for the long-term, many take their chance to make a profit in every price increase.
I could still remember in the past Bullrun where the majority held their Bitcoin thinking that it would continue to pump but a sudden drop came and missed the ATH. That influences their mind and that also changes their investment approach where they sell without waiting for the ATH.

Well, setting a target price is a good strategy but be sure it is achievable. Or else, we are hoping for nothing, and still, it ends in a bad story.

[stomachgrowls]

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?

Honestly, most of us or even all of us didnt expect that Bitcoins price would really be able to hit up or able to break its previous ath on which it did make that 73k price point but after that it did make out some correction but not really that deep on which its a good sign that we do have that a solid support. Although we cant really be able to tell if it would be able to hold into that last huge dip. Come in mind that we arent that still far yet or simply we are still that near on post halving season or event on which there would really be still that possible chance that we might be able see that last dip but of course no one really knows if it would happen or not.
The market is something that would really be always that unpredictable and this is why if you are really that tending to have that maximized profits then you should really be that wise when it comes to the decisions you are making specially in talks about having that accumulation.

Now that the price is starting to make some increase as of this moment. We dont know if this one would really be something incremental or really just that a typical day movement of Bitcoin.
For those who do able to make some short trades then they are really that making some profits now.

[mirakal]

I'm not sure if you are still confused about the current situation OP but I have to tell you that we are still in the bull season and asking about the ATH, nobody knows when it will come or if it was done already.

But I don't think it is really the ATH we wanted to know instead, let us just think about the better future of Bitcoin. Besides, it was not the ATH that made people come and invest but I believe this is because of the bright future of Bitcoin. Having it happen that the price of Bitcoin reach $73k, is already a good achievement that happens in the crypto market.

Same here mate. I don’t get the idea why reaching ATH matters a lot to these new bitcoin investors. Of course, the moment they decide to invest in bitcoin, then they should have foreseen how bright the future of bitcoin will be. And not that they will force bitcoin to reach its new ATH even if it’s not the right time yet.

Bitcoin continue to show us a consistent price appreciation, even if it’s just a slight movement. And in no time, we will reach a new ATH soon, but I’m not just sure if it’s going to happen this year or probably next year. No one has the control on that.

[YOSHIE]

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?

Many of us often talk about Bitcoin when it rises and falls because it is caused or influenced by factors and is based on speculation that has not yet happened and will happen, Of course ATH is always associated with halving, that's what people often talk about regarding Bitcoin's rise.

Even so, in many people's understanding, I always speculate that the increase in the price of Bitcoin is determined based on.

Bitcoin price is mainly influenced by its supply, market demand, availability, cryptocurrency competition, investor sentiment and Supply.

From the points above, I speculate that the price of Bitcoin could rise, without having to create a new history process for the Bitcoin price to increase, It is possible that if supply and demand occurs on a large scale in the crypto market, Bitcoin could print the highest price, which could happen at any time without crypto users even thinking about it.