Post
Topic
Board Speculation
Re: When will you sell...next bull run?
by
romero121
on 15/07/2023, 22:27:18 UTC
1. What price do you think that bitcoin will hit in the next ATH.
While not completely accurate, I would expect bitcoin price to reach around $100k-$120k in the next bullish cycle which is the new ATH level. I see that the next bullish season will be the period many people are waiting for as the bitcoin price will set a new ATH record as many analysts have been predicting.
When the market breaks the new ATH it will again create more greed among traders, as a result of which those traders will not sell at that top and book profits. So I think if you really want to sell your bitcoins in the next bull market, you should set a target in advance so that you don't regret it later. I have seen many traders who have lost rather than profited in bull markets simply because of indecisiveness.
People who had experienced the previous bull runs will know what happens when the price of bitcoin reaches the ath. It is really hard to analyse and understand specific price to be the ath for the season. As stated making a target and moving with that will let the user enjoy the profit. When price keeps increasing the greediness accompanies which is the base to make people miss opportunities. However my choice of selling is different, whenever there is need, unlike the price I prefer to sell and get fulfilled with what I receive.