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

[goaldigger]

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

[khiholangkang]

I'm sure investors who haven't taken profits during the ATH are a little worried because if you look at the current market situation there is a possibility that after this the market conditions will be bearish and $73k is the ATH this year. Taking profits when ATH is actually a good move, but determining the highest price is not easy. after you sell it is very possible that the price will continue to rise and at that time it will not be the highest price, but this action will prevent you from being greedy.

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Yes, the problem is that sometimes he does have a selling target but when the price has reached the price level set by himself he loses it and does not take advantage, greed arises because he expects bitcoin to continue to rise unstoppably, despite the fact that at the bitcoin price level of $73k he returned to correction to fall deeper and that is a fatal mistake in my opinion unless it aims to sell in the last year of the bitcoin cycle. Even though we can also sell 1/2 of our bitcoin holdings and leave the rest to follow the market if it has concerns that bitcoin continues to increase in price from the level that has been touched which is our target just in case and make better decisions.

It should indeed be accumulated when the decline is something that must be done if it is an old player, they always do that because it is far more profitable than staying silent and lamenting an unproductive market.

[Falconer]

-snip-

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

You are right, I am sure some investors may regret their decision not to sell their bitcoin when the price has reached the expected target. If you expect a return of 3x the initial value of your investment, then of course it is a good idea to sell it when the target has been reached. Long-term holders certainly won't sell as quickly as possible, but they will sell when they truly believe that the price has reached its peak. Between two price cycles, there must be a period where the price peak is reached.

For now, I think many investors still believe that bitcoin will reach a new higher ATH next year. Prices will probably exceed $100k to $150k, so it might be good to hold while accumulating. Price volatility can be exploited if you have the budget, otherwise you can hold it longer or use trading knowledge for accumulation efforts.

[Cryptoprincess101]

-snip-

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Exactly, every investor has a price target so if they meet it and has made some profits they can decide to sell. A real investor is not moved by market fluctuations because he knows that if the price Dip it gives investors more advantage to buy at a dip price in other to make more gains. Even though Bitcoin investment should be targeted in the long run but it doesn't mean that if an investor have made good profits that they shouldn't withdraw it after all the reason for making investments is for profit making so selling after a profit has been made isn't bad at all.
For me if an investor decides not to sell even when their price target have been met is shouldn't be an issue so far as they don't sell when a dip happens, they should learn to be patient enough to withstand the pressure that accompany the market some times.
Waiting for a new ATH may not be useful for any investor who is new into Bitcoin except those that have been hodling for long now.

[ShowOff]

Most probably those who don't have the target price to sell are the one who are more worried, but if you play long for sure you'll see this price drop as an opportunity to accumulate. The only problem here is your greediness especially if your target price was already hit but you still choose to hold and took the risk for not securing profit. Bitcoin will reach a new ATH in time, let's be more patient with the fluctuation and just be more strategic dealing with the current trend.

Exactly, every investor has a price target so if they meet it and has made some profits they can decide to sell. A real investor is not moved by market fluctuations because he knows that if the price Dip it gives investors more advantage to buy at a dip price in other to make more gains. Even though Bitcoin investment should be targeted in the long run but it doesn't mean that if an investor have made good profits that they shouldn't withdraw it after all the reason for making investments is for profit making so selling after a profit has been made isn't bad at all.
For me if an investor decides not to sell even when their price target have been met is shouldn't be an issue so far as they don't sell when a dip happens, they should learn to be patient enough to withstand the pressure that accompany the market some times.
Waiting for a new ATH may not be useful for any investor who is new into Bitcoin except those that have been hodling for long now.

In many cases, greed will likely only harm you. If investors do not sell at the price included in their plan, then they must be prepared to wait longer to take advantage. If your investment goal is to make a profit, then you must be consistent with your plan even though it is still possible for you not to sell everything. Selling gradually is an option, but it can be done only if you believe that there is better potential to look forward to in the coming year.

For information, the price of bitcoin fell 5.6% in the last 7 days or 8.7% in the last 14 days. In my opinion, this is not a good time to sell, but it is a good opportunity to accumulate. June is not very good based on market conditions, so collect more satoshis and consider selling them later. But first, this is not financial advice that anyone should consider. This is just my personal assumption.

[taufik123]

-snip-
For now, I think many investors still believe that bitcoin will reach a new higher ATH next year. Prices will probably exceed $100k to $150k, so it might be good to hold while accumulating. Price volatility can be exploited if you have the budget, otherwise you can hold it longer or use trading knowledge for accumulation efforts.

An ATH of $100k will be the main key to whether Bitcoin can reach $120k or even $150k and possibly higher,
depending on how the Bitcoin trend is developing at the time.

But when most people's target is above $100k, this will get even stronger.
Now it is bearish, but making a repurchase to accumulate more bitcoin holdings is the right choice.

But also need to remember, a deeper downside risk may occur, so you must also be ready with the money reserves you have and take advantage of the opportunity.
My advice is not to do fast trading if you don't have expert knowledge in fast trading, it will only stress you out and will even lose your Bitcoin holdings.

If you want to trade, separate the portfolio, which for the long term should not be used for trading.

[_BlackStar]

-snip-

An ATH of $100k will be the main key to whether Bitcoin can reach $120k or even $150k and possibly higher,
depending on how the Bitcoin trend is developing at the time.

But when most people's target is above $100k, this will get even stronger.
Now it is bearish, but making a repurchase to accumulate more bitcoin holdings is the right choice.

Bitcoin is still having difficulty breaking through resistance above $73K - this indicates that the market needs time to improve. Price recovery post the recent correction clearly requires support and time - this may not happen any time soon given that panic tends to prevail when prices try to recover.

You've said it right - it's accumulation time. But will every holder do it? I don't think so - economic and many other issues will affect their interest in the market. Only those with good sources of income will accumulate - while others will simply hold while waiting for the market to recover.

But also need to remember, a deeper downside risk may occur, so you must also be ready with the money reserves you have and take advantage of the opportunity.
My advice is not to do fast trading if you don't have expert knowledge in fast trading, it will only stress you out and will even lose your Bitcoin holdings.

If you want to trade, separate the portfolio, which for the long term should not be used for trading.

Some accumulation strategies can be tried - but price volatility can really make them lose a lot of their investment. Trading becomes one of the accumulation strategies for those who have the skills - while they will be safe without touching their initial investment in bitcoin. I agree with you - the main portfolio should not be touched, meaning they can trade with separate budget.