When Bitcoin was at 69,000 last cycle, there were plenty of people shouting for 150,000, and at the time, it all sounded "particularly reasonable." By the end of 2024, almost everyone expects 150,000 to be achieved, and few people ask, what if it doesn't happen? Interestingly, now gold is hovering near the bottom, but suddenly few people dare to say more bullish words. They complain about being slow, boring, or unexciting. But the market has always been like this—faith at high levels, doubt at low levels. When you fully believe, the space has already been almost exhausted; true bottoms are never lively, and true tops are always filled with consensus.
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When Bitcoin was at 69,000 last cycle, there were plenty of people shouting for 150,000, and at the time, it all sounded "particularly reasonable." By the end of 2024, almost everyone expects 150,000 to be achieved, and few people ask, what if it doesn't happen? Interestingly, now gold is hovering near the bottom, but suddenly few people dare to say more bullish words. They complain about being slow, boring, or unexciting. But the market has always been like this—faith at high levels, doubt at low levels. When you fully believe, the space has already been almost exhausted; true bottoms are never lively, and true tops are always filled with consensus.