âHistory isn't just repeating; itâs scaling. While the dollar signs grow, the human psychology driving the charts remains exactly the same.
âThe Cycle Peaks and Crashes
âThe 2017 Era: Bitcoin hit a peak of $21,000 before witnessing a staggering -84% drop.
âThe 2021 Era: The top shifted to $69,000, followed by a painful -77% correction.
âThe 2025 Era: We saw a high of $126,000, and the market has already pulled back by more than -70%.
âThe Emotional Pendulum
âAt the Peak: Euphoria takes over. It feels like the price will never stop climbing, and the "moon" is the only destination.
âDuring the Drawdown: Panic sets in. The "death of crypto" narrative resurfaces, and it feels like the experiment is finally over.
âThe Reality: Itâs a different year with much bigger numbers, but it's the exact same cycle.
âCurrent Market Snapshot
BTC/USDT Perp: $66,886.3 (+0.04%)
#BTC #CryptoCycles #Marketpsychology #BitcoinHistory
BTC68,969.99+3.94%
