Bitcoin is volatile, and for every violent price action, there's a violent price reaction. Yes, the price will eventually correct, there will be dips. But I wouldn't bet the farm on timing it. This is a market that could stay in FOMO mode longer than you

Be careful thinking you got this market figured out.

That's when it can burn you.

Sure it may seem like there has to be a correction.

Many bulls got burned thinking the bottom was in. Or thinking we couldn't possibly go below $19.5K.

And many bears are getting burned right now thinking we can't possibly go this high, and not for this long.

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Here's where we are now:

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What happened since last August.

So far, it seems like we've erased the FTX losses, but also rose above the limbo/crab phase we were stuck in before the FTX crash.

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To put more perspective, here's the full bear cycle:

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The full bear market since the drop from $69K

What I'm getting at here, while it may not look like a massive reversal, there is a growing shift in the trend that can no longer be ignored.

And if this is the case, we could be in for more irrational fomo.

Last time we were at the end of a bear market with a big shift and a breakout, the price didn't just stop at $6K, it went all the way to $13:

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Watch out for these fomo breakouts at the end of a bear market

However....

Every violent action, has a reaction, so eventually we'll have a correction from too much greed.

Here's what happened after we hit $13K at the end of the last bear market:

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Every volatile action, has a volatile reaction.

Welcome to the volatile world of Bitcoin, where shorts and longs get burned in turns...eventually.