As we hit that new $73k all time high earlier than expected, can we still expect to go past it sometime this year or are we thinking next year now?
I am hoping we have another 4-6 weeks of these lower prices then come October we start working our way up again for the rest of the year possibly hitting new all time high before 2025.
Not just bitcoin, all the markets are known for reacting earlier than expected time frame; this is because when there would be more competition for grabbing cheaper prices. Yes, just FOMO. When bitcoin market behaviours change around halving event, then we can expect more traders and investors do participate and take bitcoin market into new high earlier than what we have witnessed on previous market cycles.
I mean, we may break a new ATH at any time soon and this halving year as well might transform into a complete bullish year, who knows? Market phycology about uptrend is driven by how many people believe on upcoming bullish market, when more people decide about making use of current dips then new ATH on every week is not a bullish year event which may happen on halving year also.