Quote from: justdimin on August 16, 2024, 12:14:54 PM

Quote from: JamesDaniel90 on August 13, 2024, 11:17:27 AM

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.

That's always the hyping period, whenever the price goes up people start to flock and that ends up being the most important part, we are going to make some good money thanks to all the people who are investing heavily whenever there is a good bull run.

It's just a cliche period because we are seeing the change happen real live whenever there is a pump, because whenever the price goes up, even if it is not a bull run but just a recovery, we see a lot of new people coming out of the woods and that is why I believe that we are going to make some good return. We just need to make sure that we are holding before they get in, so that when they get in the price will be going up, and because we got in before them and held it, we will profit a lot.