Is the upcoming Bitcoin ATH gonna pull in tons of new investors?

Bitcoin is super close to hitting its all-time high again, like it could happen any day now. Do you guys think when it finally breaks that record it'll be everywhere in the news and a wave of new investors will jump in? What kind of effect would that have on the overall crypto market?

Bitcoin nearly reached its ATH of $73,737 when it got to about $72,274. Now it is trading at about $69,566 which shows that the price has dropped and didn't cross its last ATH. It is common for FOMO to increase when the price goes high. More people who want to make a quick profit will invest because they don't want to lose out. There are so many factors that affect the price of cryptocurrencies. It might include political, economic, natural disasters, war/conflict etc. The conflict in the Middle East, US elections, ETF inflows and US FEDs meeting, among others will determine how the market will look this month.

It will attract many investors because of the high price, most of whom will buy high and sell low. It is always the same. Some will eventually learn and will hold for the long term or do DCA. But some people are hooked to invest when the highs are breached and sell when the lows are breached out of fear.

And we're back at $69,500. The recent surge in the price wasn't strong enough to break the ATH. It was almost there, perhaps just a couple hundreds away, but it fell short. The ATH remains the one reached 8 months ago. But, yeah, it might be shattered in a few days. We're just 6% away from it. ATH usually creates noise. It will make headlines. Everybody who has bought Bitcoin is in profit. That's indeed worth celebrating. It might make others envious, curious, even flip. So there might be new investors because of it. Not to mention the herd mentality that prevails among many of us.

New all time high will be a big break out and if we see its break out with both price and trading volume, it's signal of very strong momentum for climbing up more after the new ATH. If a break out does not come together with a big increase in trading volume, it's will be like double top like in 2021 bull market and price will fall to Distribution phase, then a bear market will come after distribution phase completion. A break out to make a new ATH will give media a great opportunity to write about Bitcoin and spread massive noise for Bitcoin. This impact will bring many new investors to Bitcoin market. The psychology of market cycles

The current generation is full of FOMO. When Apple launch new Iphone, people will buy it as fast as possible. When there's a popular celebrity have a concert, people will buy the ticket as fast as possible. They will buy it even though it's not useful or have zero interest over it. So, if Bitcoin cross new ATH, it will be a BOOM and Average Joe will see articles about Bitcoin cross new ATH and encourage them to invest.

Yes, that will bring more new investors to Bitcoin because they will see the chance to make a big profit. They will not want to be late to take profit like others so they will start invest in Bitcoin. But if they don't learn what it needs to prepare, they will buy when the price at peak. That will make them feels in a trap and desperate of waiting the price increase more. It has been happen to many people before. This will impact on crypto market where the market will be more active. People tends to search for the coins that can bring them profit. But once again, if they can not analyze what they should buy, they will only trap in the wrong coins that can not gives them profit.

I don't know if we'll see an ATH anytime soon, but when Bitcoin makes a new ATH, of course it will be in the news a lot more. Average joe can also jump on the bandwagon. During ATH periods, Bitcoin has always been talked about a lot and more people have invested in it. But most of these people are transient, they will sell when the hype is over, they won't be long-term investors.

Every time bitcoin hits a new ATH, the news is always spread in the media, thus attracting new investors but in my opinion that is insignificant. To attract more new investors and more people to the market, we need more compelling stories. For example, someone has already taken profit and made millions of dollars in profits, news about bitcoin legalization, big institutions investing billions of dollars in bitcoin...we need more catalysts. Bitcoin reaching ATH only added to the curiosity of the crowd but was not enough to attract a large number of participants into the market. Stories about Bitcoin hitting new ATH will not be more interesting than stories like meme coin increasing millions of percent because newbies don't know anything about bitcoin or memes, what they care about is the numbers, the profit rate.

It's good that they join Bitcoin market as new investors but let's give them time that is necessary for them to change from newbies, apprentices to true Bitcoiners in next market cycles. They can join this market as speculators or traders but with time, this market and its promising chance to get profit, give them opportunities of having their own banks, will succeed to convert some of Bitcoin newbies, apprentices to Bitcoiners. A new all time high and news about it positively can help us getting more new Bitcoiners. It means better adoption for Bitcoin and bigger demand on Bitcoin too. In long term, price will be beneficial from new participants, new in capital, better adoption and more demand on bitcoin.

It will attract more attention instead except for those who doesn't know about the market and it's operations, otherwise now is not the right time to invest in bitcoin. But what more? We can't really predict what the bull run would be if the price would go above expected, but for sure investing now doesn't also affect your investment because the market is also positive and there are all chances for the market to create New price level, so for sure it would attract more investor which will also gives more strength to the market increase to soar more than expected.

We have touched the resistance level at $73k which means it is getting weaker and any levels close to this level again means we can easily reach $80k, the question is when will that happen. Historically, positive closes in October and November mean we will see a big increase in December and therefore unless there is a breakout below $62k in November we will see $80k before the end of December.

And that has been the cycle though, there will be someone buying at the top here, and if by chance he or she didn't profit, then obviously they could sell at a loss or just continue to buy and hold for a long time. And then it will just repeat itself all over again, new investors are going to be trap, and then they will have to learn their expensive lessons here. So for me, there's nothing wrong with that, they could even sell at a loss and then comeback when the market goes down again or wait till the bear market, apply what they learn (buying at a low price), and then accumulate and wait for the next bull run, and that is the cycle that I was referring to.

Yeah, I think a lot of media will write this news and some new investors may start investing in Bitcoin. But I am being honest, Everyone knows this is a bad time to invest in Bitcoin. But, I don't think the new investors research before they start to invest. If they invest without doing proper research, probably they will end up panic selling during the next correction. The time high does not hold it for a long time. It won't break consecutive price ranges for a long time. The market will always take a correction before it starts to accumulate again. Unfortunately, that is how new investors get interested in starting their investment. All we have to do is, welcome them to the community if they want to learn.

Perhaps media will have something to do with it, but in any case, worth of mouth could be the biggest factor for Bitcoin. Maybe there will be some individuals who is going to ask you, like in my case, a dedicated nurse in our neighbourhood, not a friend or not even close to me, I just knew him. Suddenly ask about Bitcoin and then he said that he wants to invest on it. So I gave him the perks, pros and cons and what wallet he should used to save and accumulate. And that is one case, and then maybe in our countries as well as there could be curious and ask someone around about crypto. He knows that I involved in crypto as my sister in law might told him and that's where our first conversion is.

It might motivate some newbies to have hope that when they invest into Bitcoin now, they can still make profit in the future, unlike some of them who already have the perception that Bitcoin is too expensive and can not longer be profitable to small investors. But u It's unwise to invest into Bitcoin when a new all time high have already been reached, why not invest when the peak of the bull market is still on the pipeline?

The impact will probably be more towards the level of trust of many people and could possibly give birth to new investors to buy and own Bitcoin like the old investors who are still quite loyal to Bitcoin until now. In addition, the news will also go viral in general because there are many sites that will make news about it so that many people will read it and it is possible that Bitcoin will have more new users who previously did not have or did not know Bitcoin. And I also have no doubt that Bitcoin can break its all-time high price by the end of this year because there are still two months from now for Bitcoin to be at a new ATH level.

If bitcoin got to all-time high, some people may want to sell and the price might retrace a little. But this happened recently when bitcoin was about to get to all-time high. But still there is a strong barrier to deal with at such price. Some people are expecting bitcoin to get to all-time high but there would always be a strong resistance to overcome at that price. Also there would be another strong resistance at $75000 and $80000.

When the bitcoin price is high, everyone will start talking about it, and bitcoin news will be everywhere, even people who weren’t interested in bitcoin before will start having interest just because of the high price and what people are saying about it.   People are always interested in bitcoin when the price is going higher, that’s when some people will start buying coins, but when the bitcoin price is dropping, people are always losing interest in bitcoin, and inexperienced ones will end up selling. Most people do buy bitcoin when the price is already going high, but they don’t know they are supposed to buy when the market is down. So when the price is high, definitely new people will start investing.

Certainly, it grabs people’s attention just like before, but that doesn’t mean they’ll suddenly start investing. Here’s the truth—even if bitcoin hits $100,000, only those who truly trust it will buy in. The skepticism won’t go away; a lot of people will still watch its movement, talking about it but not actually buying. If the all-time high alone were enough to convince people, those past two bull runs should’ve done the trick, but many are still hesitant. In my opinion, people will invest when they genuinely see bitcoin’s profit potential. They want to see that price rising steadily, but with bitcoin’s volatility, only a few have the confidence and trust to take that chance.