#BTCBreaksATH

There's much euphoria around as people watched #BTC at its all time high having closed yesterday's figures at $116,868.00.

I bet many traders have been waiting for this precious moment for some time now, ever since it touched the previous ATH of $111,890.00 on May 22, 2025.

It is my guess that many would be booking profits and that's not a bad thing because they've been waiting for that. You will see the profit booking by the slight correction in today's opening price.

For the traders who are holding on, the question we need to ask ourselves is whether we are going to see another high or will there be a slump.

Well, the inflow of cash is high as you can see in the details of the Pye-Chart. The possibility of an upward trend after the initial euphoria has depleted remains quite high.

At the same time we must remember that once an asset has crossed an all time high, we are navigating in an uncharted territory, a kingdom of uncertainty, unknown waters. We should be prepared to face sudden turbulences.

A wise way to move over here is by keeping a very strict trailing stop loss and let the market lead us further.

On the other hand, as a HODL Trader, I would always suggest that even if the market drops, it is a cycle and it will recover again we just need to be patient.