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

[Richbased]

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?

[Churchillvv]

on a personal level, I think we have a lot of speculation threads seeking almost the same thing as you want yet there aren't locked but open to new ideas, opinions and questions which led me to think that your thread could fit in any of those threads since they are not locked.

BTW, from my perspective and knowledge gathered in this few years one can proudly, start taking profit from their bitcoin investments once they have reach a certain level or a good status of holding which can range from a 25% to a 30% of there income bitcoin hences it advisable to keep accumulating except you feel that you're done with accumulation which is a personal decision on when to reach such position.

[Odohu]

To set the record straight, we are already in bull run since late last year when Bitcoin left the "don't wake me up region". It started earlier than expected due to the ETF approval which happened in January this year. If you are referring to the bull run that is expected to be induced by the Bitcoin halving event, then it might still be expected but then the caption of your post will become confusing because anything that leads to a new ATH is the anticipated halving propelled bull run.

From the records, Bitcoin does not surge immediately the halving occurs; it takes some time before the effect of the halving is felt in terms of supply shortage which is the imbalance that leads to rapid rise in price. Going by this sequence, we are expecting the price to peak by next year. In other words, the rise might start later this year, eat up the present ATH and then peak by next year. These are projections that are not cast in stone, so market will do what it wants.

[moneystery]

....

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?

 if you scroll through this speculation section, there are lots of threads discussing whether bitcoin can print ath again or not. most of the people who started this thread expressed their feelings about being worried that bitcoin would no longer be able to print ath and people's responses varied, but from most of what i captured, the majority of users would definitely say that bitcoin could create new ath. it's just that we don't know the exact time when bitcoin can print a new ath and what we can do is hold until bitcoin can print another ath.

and whether a person needs to sell every time there is an ath, it depends on their decision. whether they want to sell or not depends on their calculations and strategy. there are some who sell immediately, but there are also those who are holding back because their target is maybe 10-15 years from now.

[Dr.Bitcoin_Strange]

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 feel it's necessary to be decisive about the price at which you want to sell your coin; it will make you persistent and ignorant of price volatility. We all know that Bitcoin is a very volatile asset, and you cannot determine the price peak during a bull market until after the bull market, when the price stops surging high. We are already in the bull season of Bitcoin, and many people have predicted that the price of Bitcoin might surpass $80k this year, which is quite possible, but next year might be when we might see the price peak, which might be the last ATH before the bull market.

If you are holding some coins, set price targets that you would love to take advantage of so that once the price of bitcoin gets there, you will not need anyone's opinion before you can sell. 

[mk4]

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

Are we not currently in a bull market? There are arguments to be made the we are. It's just that a lot of people bought the wrong coins hence why they're waiting for their bags to pump.

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?

Is anyone really being anxious at these prices? This is some amateur hour stuff right here.

[kentrolla]

Market is already bullish but I guess we are talking about those Bull run when Bitcoin's value is expected to increase by multiple folds like 2x or 3x and I think there are higher chances of reaching new ATH than the previous one since Bitcoin has already crossed $70k this week so it won't be a tough task but not sure how long it would sustain at those price.

[Marvelockg]

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.

I don't think that it's true that people generally take profit from there stacked bitcoin just because Bitcoin hit a new ATH. Regardless of wether you're a short term or long term investor, your concern isn't just about Bitcoin getting to a new ATH and that we have a new ATH doesn't necessarily mean that you should take your profit or sell off your holding. The difference between the recent ATH that we just had not long ago and the current Bitcoin price of $69k is just $4k which means that if someone had stacked his Bitcoin to the point he would have probably dimed fit to take his profit, it wouldn't be out of place if the fellow took his profit at the time when Bitcoin was at an ATH of $73k or now that it's at $69k. What I'm saying in essence is that the criteria for taking your investment profit isn't just that we have a new ATH or not, as long as you continue HODling your Bitcoin, you will be see several ATH in the future and will be in a very comfortable point that would tempt you to sell off your holding but you've got to know that what's more important about Bitcoin investments is that you have a good amount of Bitcoin such that even if Bitcoin doesn't climb to high in terms of its volatility, the least amount of percentage difference that's added to the price of Bitcoin during your accumilation phase would put you in a good profit region.

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?

understand that Bitcoin is iether becoming more bullish or getting more bearish as time progresses. While the bullish period is the best time to consider taking profit, the bearish seasons aren't a bad time. Bearish season are corrections that allows you to buy Bitcoin at a cheaper rate so rather than becoming anxious that it's taken time before bitcoin breaks a new ATH, wouldn't it be nice to use those bearish season to stack as much Bitcoin as your capacity is able to carry? It's actually called Buying during the DIP.  whike you anticipate a bull, don't fall to make the best out of the DIP.

Remember that the rate of profitability  of the bull is dependent on how best you made you of the bearish season. If you stacked little Bitcoin during the bearish seasons and only spent your time being anxious of the price of Bitcoin, when it gets bullish you wouldn't have enough Bitcoin should there be a reason to sell at all.

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

and how much bitcoin would you have left after taking the profit the third time and then it goes further to a much higher ATH? You can't always take your profit out because Bitcoin has a new ATH, it's unnecessary and tells of how short termed you're with your investment.

[Frankolala]

We can only wait to see the new ATH that will be recorded in this circle because we are already in the bull run.

Talking about taking profit during the bull run, that depends on every investor plan on how he wants to take profit from his bitcoin when he is ready to sell. It is a norm that at every bull run investors must take profit, however, it is not all investors but those that feel they have made good profit and wants to cash out. It is good you set a sell orders when you want to take profit so that if bitcoin price reach the price of your sell orders, you can take profit at different price level.

[AnonBitCoiner]

If you take your profit from Bitcoin after the creation of a new ATH then it will be a suitable option and most of the people are doing the same thing because they buy at lower worth and sell when the new ATH becomes attainable.

In previous days the price again touched 71k$ but if we see today's worth then it is 67k$ which is another dump in its value. The market is highly unpredictable but we can make good use of this through buying and selling according to our profit not according to the others opinions.

Always choose to sell when you have profit and don't think that you will do what other people do because they have different goals from yours and I think one should regularly buy and sell their Bitcoin for their profit instead of continuing investment without selling.

[Dunamisx]

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?

First know that we are still on the bull season and the market can from anytime henceforth shows more positive increase towards achieving a new all time high, it could instead be said in this way that bitcoin will get to a new all time high before or after this year ends, just as it has always been seen with the previous performances, bitcoin is going to get to a new all time high and if we have investment in it, we are going to partake of this awesome benefit.

[GigaBit]

Every investors has a plan to sell their assets at a certain price range. So he has to monitor the price at which he is trying to sell. Every ATH brings profit and great prospects for investors. When the market is bullish, there is great potential for profit in all types of investments, and when it starts to decline, investors become restless. While Bitcoin holders or those investing with long-term investment prospects are not likely to be too volatile, it is natural that short-term investors will always be nervous. Market conditions are currently at a point where we could see another ATH before the bull run. Since 73K was the highest price there is a high probability of 75K before the bull run.

[SamReomo]

another new ATH this year before the bull run begins so that they can utilize the opportunity.

Bitcoin reached its ATH because of the bull run and to be honest, the market is still bullish and it was always bullish and that's why Bitcoin reached a new ATH.

We are already in the bull market and I believe overtime it will get more intense. The intensity of the bull run isn't much right now but it's going up each new day.

I'm pretty sure that we will soon see another ATH during these few months and I even expect that Bitcoin may cross the new ATH once again this year to set another ATH.

[Fatunad]

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?

If we do speak about new all time highs then - NO ONE REALL KNOWS!
If we do speak about on securing your profits then - IT WOULD REALLY BE JUST DEPENDING ON YOU!


On the moment that we have stepped our foot into this market then we had already been dealing up with a very volatile,unpredictable,random, and speculative market on which there's no way that we could really be able to predict on where it would really be heading. Breaking new ATH's or making some dumps before halving, it doesnt matter. We would really be still needing to move forward. Somehow, it is really that not shocking that people would be making up some questions basing up on what we had experience recently about breaking new ATH before halving which is really that an unusual case to have basing up on previous cycle where
prices had started up to break those ceilings after few months of the said halving, but now we are seeing the different thing. This is why on the moment that we are really that be able to experience out such condition
then it would be normal that you would be having those kind of anticipation that we might be seeing another breaking ATH's before we do hit up bull run but just like been said above that no one really knows
this stuff.

[ajiz138]

Why worry? Has bitcoin experienced a significant decline? No, it hasn't.
Now the price is close to $70K which means it will actually rally to make a new ATH maybe the end of the year or even the following year, I'm not too worried and just waiting while accumulating if this is still a good price opportunity because if you already know how the rally will regret not buying more.

[BABY SHOES]

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?

If you ask me = Yes the new ATH will be engraved again.
Am I worried? Of course not and I won't throw it away, no matter how hard it is, I will still HODL because it will reach its peak soon.

That is the prediction that I assume in the future, there is no worry whatsoever, I will not be too aggressive in buying bitcoin because of financial capabilities that do not support it so as much as possible if there is a good opportunity or the price corrects again to $ 60K then the opportunity will buy.

Most people's target of $100K is probably a little easy.

[Essential10]

Bitcoin price started to rise since the beginning of the year and it hit all the highs during the initial bullish moment. Bitcoin didn't take much of a correction before and after the halving, but bounced back with mild corrections. Last week Bitcoin crossed $70k or just little bit below the all-time high. Now that we're entering the middle of the year, I wouldn't be surprising to see Bitcoin cross the ATH again before the end of the year considering Bitcoin's main bull season. It could be very soon.

[AVE5]

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.

[Kemarit]

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.

Not sure if they are anxiously waiting though, I mean they didn't sell when we hit a new all time high of $73,000 because majority of them are looking at the bigger picture. So they might just be sitting and enjoying the market currently as they can continue to buy and HODL, simply strategy but very effective, and then just sell at the right time. There is a speculation that we will see 6 digits most likely next year and this is where we should look to sell.

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?

As I have said, No, just let the market come to you, you don't need to force yourself and make it harder, specially if you keep on thinking on when the new all time high will be reached. The best thing is to is to remain calm and if you still have budget then continue to DCA.

[aoluain]

Why worry? Has bitcoin experienced a significant decline? No, it hasn't.
Now the price is close to $70K which means it will actually rally to make a new ATH maybe the end of the year or even the following year, I'm not too worried and just waiting while accumulating if this is still a good price opportunity because if you already know how the rally will regret not buying more.

Exactly, Why worry indeed.

We have seen in at least the last two halvings that there was a bull run after those
events, there is a good chance it will happen again.

We are currently in that dead zone directly after the halving where there is not much
upwards movement but as per the last two halvings this for me anyway was expected.

Patience is key