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!
When the market enters the all-time high we consider that time as the new ATH. For example Bitcoin highest ATH in 2021 was 69 thousand dollars then from there market started dumping to 15000 dollars and then market slowly pumped and participated in 2024 peak high of $73000+ now question is if we consider $69k as new ATH. And if it reaches $73k in 2024 then we consider it to be all time high and new ATH. But the all-time high of $73k I think will break this record and set a new record in 2024.