Bitcoin is making history and erasing everything that we thought we knew about its performance. For the very first time in its history, it made a new all-time high price before the BTC halving, by eclipsing $73k.

This has caused many in the market to begin wondering just how the price could go this cycle. All of a sudden, those “experts” declaring that this could finally be the super cycle that results in Bitcoin causing one of the largest transfers of wealth in recent memory doesn’t seem that crazy anymore.

Hopium, greed, and FOMO have rushed back into the market and everyone has become blind. Naturally, this is when were are ripe for a large price pullback and Bitcoin didn’t disappoint.

After soaring over $73k, Bitcoin would drop down to $60k before seeing a large bounce. Enough to cause many in the market to begin to have doubts about BTC’s performance, at least in the short term.

Bitcoin’s history doesn’t repeat, but it sure does seem to rhyme.

The longer that you are investing in this market, the more you will begin to understand how Bitcoin typically behaves. It often seems to have a life of its own. Bitcoin is a contrarian, that seems to thrive on behaving exactly the opposite of what everyone is expecting.

When everyone is declaring that Bitcoin is on the verge of going up to $100k, that is when we see a large 15% price drop. When everyone is declaring that the market is finished and it’s time to pack your things up and exit the market. That is when Bitcoin begins to go parabolic.

People first enter the Bitcoin market believing that they can outsmart the most volatile asset on Earth to make a fortune. However, veterans in this market find success when they finally understand that Bitcoin is a wild stallion that can’t be tamed or understood. The only thing that you can hope to do is to accumulate as much as you possibly can.

You have likely heard the price predictions that someday Bitcoin will reach a price of $1 million and that is only the beginning. The longer that Bitcoin survives the likelihood of this happening increases.

But for this to happen, there must be volatility. The price of Bitcoin will not go straight up to $1 million in just a few months with no pullbacks. It would be foolish to have that way of thinking.

There will be many ups and downs that will have you begin doubting your conviction in this market. After Bitcoin has reached a price of $1 million your friends will tell you how jealous they are of you, and how you found an easy way to become rich. In reality, staying in Bitcoin until the finish line will end up being one of the most mentally challenging things you will ever experience.

FUD will be thrown in every direction, and only the strongest will survive. During the last cycle, we dealt with the covid crash, Elon Musk and Tesla selling Bitcoin, China banning mining, the US government making crypto enemy #1, energy usage FUD, the FTX fraud and bankruptcies that nearly killed the industry, and the list goes on. Each of these times there were pundits who declared that the death blow had finally been dealt to Bitcoin. But they couldn’t have been more wrong.

During the good times and the bad, you must remain incredibly focused in this market to be successful. Don’t let little price drops scare you out of the market. There are life-changing gains to be made in this market, but you must survive it long enough to take advantage of it.

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