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The pumps have only just begun.
This is very interesting to observe.
Firstly, BTC pushed 20% above the ATH with 4 daily green candles and then a sideways consolidation
Secondly, BTC pushed 75% with only 2 out of 16 daily candles being red. This time there was a 30% correction.
Thirdly, BTC pushed 60%, but this time there were far more corrections as it approached the new ATH.
There are a few key things to take note of here.
1- The price can push much further than most can anticipate.
This is extremely important to recognise as we enter this markup phase, because we have all been conditioned to be dumped on as soon as we gain some traction. 8 months of horrible chop leaves us with PTSD and it takes a while to become accustomed to BTC ripping every day.
BTC has already showed us that it will keep pushing up when everyone thinks it will retrace.
2- As BTC approaches ATH the corrections get more often
As the price starts to find its peak, corrections happen more frequently due to buyer exhaustion and holders starting to scale out. This is a tell tell sign that we are reaching a top.
3 - The ATH will likely be higher than the majority predict
Again, we have all become very fearful and conservative over the last 8 months, causing most to undervalue what can happen in a true bull run.
By the time most realise we can go much higher, we're already there. This is when the wild price predictions start, and ironically, we top out.
Key takeaways.
The price will run much higher and aggresively than you expect.
Consciously change your mindset on expecting this and be prepared for even more violent moves.
Stay composed, and you will navigate this well.