Higher High

A "Higher High" in crypto refers to a pattern where the price of an asset reaches a new peak that surpasses the previous highest point during a specific timeframe. This term is commonly used in technical analysis to identify upward trends in the price of cryptocurrencies or any other financial instrument.

Examples and Cases:

• Suppose the price of Bitcoin reached $50,000 during a bull run. If, during the next bullish phase, the price surpasses $50,000 and reaches $60,000, it establishes a higher high.
• In technical analysis charts, traders look for higher highs as confirmation of an uptrend. If a cryptocurrency consistently forms higher highs along with higher lows, it suggests a strong bullish momentum in the market.
• Conversely, failure to establish higher highs might indicate a weakening of the bullish trend or the beginning of a bearish reversal.

In summary, a higher high reflects increasing buying pressure and optimism among traders, signaling potential opportunities for further price appreciation in the cryptocurrency market.