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Understand the Psychology of the Crypto Market!!!
If you're new to the crypto space, this is essential for you. Experts predict the new bullish trend will peak at the end of 2025, about 12-18 months after this year's halving. Sadly, many will still make mistakes. Let's break down the psychological phases:
PHASE 1 - Accumulation
In this phase, cryptocurrency whales and early adopters buy at low prices. New projects appear, but skepticism remains. This was similar to last year when $BTC dropped to $15,000.
PHASE 2 - Impulse
Here, prices rise, correct, and rise again. Excitement grows, holders are thrilled, FOMO starts, and altcoins increase in value.
PHASE 3 - Euphoria
Greed takes over, prices climb daily, the market gets everyone's attention, and unusual behavior emerges. Watch out for scams! Newcomers should be cautious when the Bitcoin fear and greed index hits 90.
PHASE 4 - Crash
The market turns red.