Crypto analyst Ali Martinez shared on social media the results of a comparison of bitcoin prices to the so-called “Wall Street cheat sheet”, showing that bitcoin is about to enter the “hope” phase of market cycle psychology.
Ali Martinez said after going through pessimistic phases of “panic,” “surrender,” “anger” and “depression.”
BTC is now going through the “doubt” phase, so it may attract positive market sentiment in the next cycle, and this phase is followed by the “hope” phase, followed by positive market cycle phases, including “optimism”, “conviction”, ” excited” and “euphoric”.