BTC created new ATH before Halving: are you surprised?

[Kemarit]

I voted for:
I'm really surprised because this has never happened in history

Why? Simply because this is the first time that we have witnessed it. So I kinda have a mixed feeling when we broke the trend. It could either be a big incoming bull run in the next two years, or worst the prediction will not come into fruition (but at least $100,000 could be achieved), like $180,000 or higher. But I might be wrong again, so we will see what kind of sign is this. Hopefully it will be the former, as we will see a massive bull run, parabolic increase like no other in it's young history.

We've seen some minor correction, but we have regain it already as we are in the $67,000 price range and the bulls might push for a higher ups like $70,000 before the actual halving time.

[KingsDen]

I really thought a different set of questions will be on the poll. Questions like;

• Do you think the pump will be massive
• Do you think this is the effect of the ETF approval?
• Are we entering the bull run from this price range

Anyways, I'm surprised the price grew so so fast honestly.

[DaNNy001]

I voted for:
I'm really surprised because this has never happened in history

Why? Simply because this is the first time that we have witnessed it. So I kinda have a mixed feeling when we broke the trend. It could either be a big incoming bull run in the next two years, or worst the prediction will not come into fruition (but at least $100,000 could be achieved), like $180,000 or higher. But I might be wrong again, so we will see what kind of sign is this. Hopefully it will be the former, as we will see a massive bull run, parabolic increase like no other in it's young history.

We've seen some minor correction, but we have regain it already as we are in the $67,000 price range and the bulls might push for a higher ups like $70,000 before the actual halving time.

This is just a clear statement that Bitcoin and cryptocurrency at large is something that's really hard to predict and I do hope that we all get to witness this sudden change as good results like you said, am also optimistic about the bull run ahead after the halving but something tells me already that the bull market has already begun so we might even see strangers things this year as Bitcoin might decide to defile all odds and do the extraordinary so what I voted for is just HODL your coins watch where the market takes us.

[Cantsay]

1. Back in bitcointalk, my prediction was that Bitcoin was going to get to its ATH in the year 2024, but still, it came as a surprise because I never knew it would come this quickly I thought it would be after the halving and towards the end of the year so bitcoin hitting $69k by this time took me by surprised.

2. Hopefully, it does in a positive way.

3. It has always been known that a time will come when the cycle will shift, and old patterns will no longer work - so I`m not in any way worried, I just hope I`m able to figure out this new pattern (if anything happens) and make the most out of it.

[KryptoBull]

1. Hell YEAH!!!!!
TBH, I didn't think that it reached a new ATH because I'm basing on both Coingecko and Coinmarketcap and both of them aren't showing new ATHs. I guess it isn't important because it's only a matter of time when it will surpass that price. I was surprised when some were saying that it created a new ATH where in fact, we saw Bitcoin's price going down to as low as $62,000. Well, it seems like it only lasted for minutes until it went down again. There's so much selling pressure on that price.

2. I will only consider that we are already at the start of the bull run "IF" Bitcoin surpasses its previous ATH of around $69,000, and stays above it for a long time. If that happens, I might stop buying Bitcoin and will focus on buying altcoins because they are lagging. I'm already holding enough Bitcoin, and I'm just waiting for my sell targets to be reached. Overall, this signals a new phase for Bitcoin. From the accumulation phase, to now the bull market phase. It's only a matter of time until we see it.

3. Nope because after all, Bitcoin is unpredictable. There will be times when Bitcoin will do something that we didn't even see in the history of it, and this might be one of them. Another one is Bitcoin reaching a 6-digit price for the first time in more than a decade of its existence. After all, worrying will just make me more stressed. Let's just enjoy what we are seeing, and take profits at a price you feel it's enough for you.

The crypto market constantly surprises investors with its unusual fluctuations, I think this time is no exception. Up to now, BTC's ATH is 70K USD. The interesting thing is that BTC has not yet had a significant correction after reaching the old ATH, we have not seen a strong selling force to exit the position at the resistance area. I think the market is very positive and investors are greedy: they buy BTC right at this price instead of waiting for a correction.

Now we are seeing predictions from experts: people have ignored 150K USD and expected higher prices like 200K USD and 300K USD. It seems that everyone has assumed that BTC will reach 100K USD this season. I don't think we can predict accurately, as long as BTC won't peak in 2024 it's fine. I want the uptrend to last until 2025 so that altcoins grow stronger. Currently, the majority of altcoins are still left behind BTC.

[JoyMarsha]

Yes, I am surprised but what am I to do if not accept the fact that bitcoin has given us a new ATH and we should expect more ATH to come before halving because the history of giving a new ATH after months of halving, has changed. We don't know what's before us, during halving and after halving. Nevertheless, they will be all good for bitcoin to skyrocket than it has now when halving season, is reached.

[Litzki1990]

In other years we usually see dumping in the Bitcoin market at this time but this year we are seeing the Bitcoin market touching new records at this time which is definitely a bit of a surprise. It can be seen that the effect of halving starts much earlier, that is, when the halving is complete, the market starts to decrease long before it happens, but this year there is an exception. Maybe in other years the price of bitcoin will halve but this year the price of bitcoin will not halve but this year the value of bitcoin will only increase. Investors may have waited for such a long time to see such a change in the market and finally investors have come to such a state of the market.

[KryptoBull]

In other years we usually see dumping in the Bitcoin market at this time but this year we are seeing the Bitcoin market touching new records at this time which is definitely a bit of a surprise. It can be seen that the effect of halving starts much earlier, that is, when the halving is complete, the market starts to decrease long before it happens, but this year there is an exception. Maybe in other years the price of bitcoin will halve but this year the price of bitcoin will not halve but this year the value of bitcoin will only increase. Investors may have waited for such a long time to see such a change in the market and finally investors have come to such a state of the market.

Comparing with what happened in the past, I don't think the impact of this Halving came any sooner. Instead, we have an extremely large and unprecedented event: the BTC spot ETF. After 2 months, 50B USD flowed into this product and supported the BTC price extremely well, causing the price of BTC to increase from 43K USD to 73K USD, changing what we know about BTC and helping BTC have a new history.

Right now, we are seeing new ATHs and hope the BTC price will continue to rise and lead the entire crypto market to reach the gold market capitalization of 14T USD.

[Stompix]

This really surprised me because in the past BTC has never created a new ATH before the Halving, meaning we have a new history for BTC.
~
The second phase is much more complicated, it may have started on Halving 3 on May 11, 2020 with some differences:

• The ATH existed as a double peak: in April and November 2021.

A double peak means the same value, Bitcoin in April reached 64k, it reached 69k in November, a 10% difference is not a double peak , it was a new ATH by every definition and the rule was already broken by that time.
And even if we go with the peak theory, the trend was also broken, since this never happened also.

Anyhow, if you go and check eveything from blogs to articles to tweets to WO memes you will see everyone was cheering for a new ATH in November, nobody used the double peak term. This whole thing about not breaking the previous ATH started as cope material since everyone was panicking with the prolonged bear market, so they were desperately looking in the past to find comfort. 

Are you worried that this event will disrupt the market's cyclical nature and future predictability?

Bitcoin was never easy to predict and it will never be!
Every single pump and dump took the whole world by surprise, war started Bitcoin was supposed to be a refuge, it crashed like stocks, inflation rose, bitcoin went down, inflation cooled Bitcoin went up like defying every aspect of it's own existence, the cycles are going to be broken, and it's going to be so funny to see all those shocked Pikachu faces when they realized you can't predict the future just looking at the past.[/list]

[bounceback]

Since bitcoin pump to new ATH on the first time at $69k, have been several times for bitcoin created new ATH before halving and its make many investor more excited with holding and accumulating their investment in bitcoin. Last day, bitcoin created new ATH when raising $73k and we are waiting any potential today will bitcoin create new ATH again or more drastically pump than last higher price.
I think with 30 days left before halving is the bull run moment for bitcoin keep increasing higher price and waiting created the new ATH, I believe before halving is the right time hold and sell few days left before halving to protect with correction price.

[TomPluz]

I am expecting that BTC will be touching new ATHs gain and again as we are heading to the halving thing and even beyond towards the $150K mark where many experts are saying can happen within this year. Personally, watching how the BTC market has been behaving the past months, I am not surprised at its latest ATH which is already at $73K though it retreated to $72K just yesterday and is now back at $73K again.

1. Are you surprised by this event?
I am not surprised at all since I am actually expecting that BTC will be making its historic run these days as more and more demand is coming in for BTC from many ETFs we already have as well as the retail investors are now making their moves to take advantage of the opportunity as the halving nears.

2.Do you think this signals a new stage for BTC history?
Yes, of course, the bull run 2024 can be considered as a very unique one all because of the approved ETFs which skyrocket the demand for more BTC and the subsequent or coming supply crisis which is now being felt in OTC outlets. I am looking forward for BTC to be making its many historic moves this 2024 and even in 2025 though I am not seeing that it will get into the 1 million US dollar zone...at least not yet.

3. Are you worried that this event will disrupt the market's cyclical nature and future predictability?
There is a big possibility that since BTC is making its own historic moves then there can be some disruptions in its many precedents but then again we should be expecting this as BTC is not your common asset that will always follow a fized route...it would have its many twists and turns along the way making predictions more of an art rather than a science.

[KryptoBull]

I am expecting that BTC will be touching new ATHs gain and again as we are heading to the halving thing and even beyond towards the $150K mark where many experts are saying can happen within this year. Personally, watching how the BTC market has been behaving the past months, I am not surprised at its latest ATH which is already at $73K though it retreated to $72K just yesterday and is now back at $73K again.

1. Are you surprised by this event?
I am not surprised at all since I am actually expecting that BTC will be making its historic run these days as more and more demand is coming in for BTC from many ETFs we already have as well as the retail investors are now making their moves to take advantage of the opportunity as the halving nears.

2.Do you think this signals a new stage for BTC history?
Yes, of course, the bull run 2024 can be considered as a very unique one all because of the approved ETFs which skyrocket the demand for more BTC and the subsequent or coming supply crisis which is now being felt in OTC outlets. I am looking forward for BTC to be making its many historic moves this 2024 and even in 2025 though I am not seeing that it will get into the 1 million US dollar zone...at least not yet.

3. Are you worried that this event will disrupt the market's cyclical nature and future predictability?
There is a big possibility that since BTC is making its own historic moves then there can be some disruptions in its many precedents but then again we should be expecting this as BTC is not your common asset that will always follow a fized route...it would have its many twists and turns along the way making predictions more of an art rather than a science.

As you said, it could be true that the BTC spot ETF has made the BTC market more active and mature, thus forming new behaviors that have never happened in the past, and we are forced to get used to them when analyzing the market.

I am an investor with little experience in technical analysis, I usually DCA and hold until the peak area and then gradually sell my crypto assets. If spot ETFs change the cyclical nature of BTC, meaning that the next top may not happen in 2025 but could be 2024 or 2026, I will have difficulty making decisions with my account. To be honest, I always hope that the market will follow some properties so as not to confuse investors.

[legend45]

Since bitcoin pump to new ATH on the first time at $69k, have been several times for bitcoin created new ATH before halving and its make many investor more excited with holding and accumulating their investment in bitcoin. Last day, bitcoin created new ATH when raising $73k and we are waiting any potential today will bitcoin create new ATH again or more drastically pump than last higher price.
I think with 30 days left before halving is the bull run moment for bitcoin keep increasing higher price and waiting created the new ATH, I believe before halving is the right time hold and sell few days left before halving to protect with correction price.

Two days ago until now Bitcoin was experiencing a correction. Yesterday I thought the price of bitcoin would continue to rise followed by altcoins until the bitcoin halving, but it turned out there was a correction. Bitcoin's new ATH was reached before the halving, but we are still waiting for the top ATH this season.

[Don Pedro Dinero]

Personally, although when I used to make price analyses and predictions, I used to end with the phrase 'history need not repeat itself', I have been surprised by this end of the cycle. We will see if things stay as they are or if there is another ath before halving, let's say closer to $80,000, which would augur a very good post-halving price performance.

[Husires]

Personally, although when I used to make price analyses and predictions, I used to end with the phrase 'history need not repeat itself', I have been surprised by this end of the cycle. We will see if things stay as they are or if there is another ath before halving, let's say closer to $80,000, which would augur a very good post-halving price performance.

History does not repeat in a fixed pattern, but events can be similar as long as the options are similar. Even now, the reasons that lead the price of Bitcoin to rise exist, and perhaps the acceptance of ETFs is what gave the price a push above $50,000, which was supposed to be a temporary peak before halving. The end of the current cycle will be a return to the $70,000 levels, but determining the ATH will be very difficult.