When the market is going up, you see people all over social media charting BTC to 9x, 100K, or even higher. Everyone’s confident that a new bull run has just begun.
Now the market’s had a few red sessions, and suddenly the same social media is full of scenarios where BTC drops to 6x. Some people are even predicting 50K.
I think the market is still just doing what it always does—going up and down is normal. Sometimes the thing that changes fastest is the mindset of the people taking part.
When prices rise, people find every reason to believe they’ll keep rising. When prices fall, they look for every bit of data to prove they’ll fall even further. Sometimes analysis isn’t about understanding the market anymore, but just reinforcing how we already feel, right, everyone? ;p
Now the market’s had a few red sessions, and suddenly the same social media is full of scenarios where BTC drops to 6x. Some people are even predicting 50K.
I think the market is still just doing what it always does—going up and down is normal. Sometimes the thing that changes fastest is the mindset of the people taking part.
When prices rise, people find every reason to believe they’ll keep rising. When prices fall, they look for every bit of data to prove they’ll fall even further. Sometimes analysis isn’t about understanding the market anymore, but just reinforcing how we already feel, right, everyone? ;p