Market Psychology Drives Bitcoin Fluctuations: Expect a Pump and Dump Cycle

The opinion suggests that the current market behavior is driven by psychology. It is too early to trigger greed among traders, as those who have held their positions for a long time might take profits now while prices are stable. Currently, people are cashing out Bitcoin at current levels, believing this marks the peak of this cycle. However, this might just be a setup for a rapid pump to push prices much higher, after which a significant decline is expected to cut profits deep. The strategy implied is to wait for these fluctuations, capitalizing on the upcoming volatility for profit.