And there was me thinking that all the weak hands had already been flushed out. I just dont
understand the thinking...if someone has HODL'ed from an ATH for example and watched the
market slide 50%, why sell then, anyway everyone reacts in different ways.

So yea I think there will always be over leveraged liquidations and happenings like Coldcard
and Trezor/ShipMonk will create ripples in the sideways movement of the market which will
create panic and FUD.

Geopolitical concerns can sometimes affect the market, especially if those concerns or problems are within regions where cryptocurrencies are adopted at large, which means that the problems happening in the region will either make people buy or sell cryptocurrencies for various reasons, such as to stay safe from devaluation of their own currency, to save their assets from losing value if it's invested in things such as real estate because if there is war or something, real estate within that reason will lose value and investors will try their best to shift their investments into other industries.

However, we are discussing about the stability of Bitcoin and cryptocurrencies, which is a normal thing if you ask me, because we can't expect the market to keep moving with the same pace all the time. Sometime there will be quick drops, sometimes quick gains, but sometimes, there will be times when the market won't move that much, it will go sideways, and this mostly happens when a bull run is over and the bear market is around the corner.

This sideways action is shaking out impatient and overleveraged traders so those who can't stand out for more are gone. They will regret leaving the market without buying anything or prepare for the next bullish market comes.

But those who can stand out and accumulating more Bitcoin will have the benefit after this market change better. They will see the profit comes to them and bigger than before because they can prepare themselves by having more Bitcoin than before. I called this as a strategy to prepare our future and only those who can survive that will enjoy the profit.

There will always be panic sellers who buy high and sell low and worse thing is they keep doing it more than once. Any investment should feel boring to bring the real results that is why long term investors make the real profits despite doing nothing but just holding their nerves while everyone panic and starts saying bitcoin is going to zero.

True, Bears could only try, they didn't succeed. It was a hell of a fight near 60k, the resulting effect are diehard buy pending orders that kept accumulating. I doubt how Bears could overcome that, the very reason BTC rebounded sharply when we think it edges lower. I love that market, the "support" base is nothing like anything.


That is accurate, but don't forget that more factors could activate the growth. The 4-years cycle is a fact, but let's not forget that things are also changing. The eye Bitcoin was looked is not the same now. It will will fight the regular mindset one day, now could be it, the sell-pressure will not push crazily lower and the stuck range will not last forever. For me, the bear has done their worst this phase, but BTC's never gonna get to $50,000, that alone is commendable restriction that shows BTC's resilience. Any huge news from the US can be helpful, a catalyst that can activate the sleeping bulls in long-term. I am happy to have posted https://bt.irlbtc.com/view/5591857.msg67063535#msg67063535 before reading your post. The US systemic double QE will help. The catalyst is back, let's enjoy it while it lasts.

When people are tired, get bored, the market will suddenly wake them up with a surge, and if it is a right time, it will be a never bottom-return recovery from a market bottom area. Then people will need a little bit time like weeks, not immediately, to realize that Bitcoin already moved far away from its bottom area of that cycle.

That's it, that's how Bitcoin market works, cycle by cycle, and that's how the market is unpredictable with people who want to find perfect prices and times.

This surge hours ago, again, reminds people who are still struggling with their emotion and psychology in this market. So it's time to read, reread and learn again about these things.

Assuming that people already understand about Bitcoin fundamentals, next things they need to learn are not trading and technical analysis, but market psychological cycle and market history patterns.
Wall Street cheatsheet: the psychology of market cycles.
The psychological pitfalls of market cycle.

But now the situation seems a little different than before. Bitcoin has risen above $70K again and is near $72.5K, so it seems like an attempt is underway to break out of the previous range, If ETF flow and institutional buying support this move, then it is difficult to dismiss it as just a minor pump. However it still needs some time, because if it goes above $70K and then falls back down quickly, the whole move could be a false breakout.  If it can hold this level for a few days, then it will be much more reasonable to talk about a bullish reversal.