I’ve been watching the markets lately, and something feels… different. Not wildly exciting or obvious, just this subtle shift. Bitcoin price is starting to rise, but no one’s really talking about it like they believe it’s real.
Feels like we might be entering that Disbelief stage, the part of the cycle where things start to turn around, but everyone’s still too tired, too cautious, or too burned to notice.
We've already had the fear, the panic, the selling. I think a lot of folks are still in that “this can't be real” mindset. And maybe it’s not, but maybe, just maybe, it is.
Funny how the beginning of a bull market often looks like nothing at all. Just quiet green candles and collective scepticism.
Anyway, I’m keeping my eyes open. Could be something. Could be nothing. But I’ve learned to pay attention when it feels like something.
So, which stage are we now?
The Psychology Of Market Cycles, Photograph: PriceactionNinja
It breaks down 8 key emotional stages:
Disbelief
Hope
Optimism & Belief
Euphoria
Complacency
Anxiety & Panic
Capitulation / Anger / Depression
Disbelief (Again)
These emotional shifts influence buying and selling behaviour, forming the feedback loop that drives market prices.