These timelines always look clean:
breakout → altseason → ATH → crash… very convincing.
But markets don’t move on a fixed schedule.
What repeats in crypto isn’t timing — it’s human behavior.
You’ll always see:
Early phase: doubt → hope
Mid phase: belief → FOMO
Late phase: euphoria → overconfidence
Then: denial → panic → capitulation
This chart gets the psychology right.
But it fails as a precise roadmap.
Because this cycle is different:
ETFs changed capital flows
Institutions changed holding behavior
Liquidity is more fragmented than before
So calling for BTC to hit exactly $215K in May and crash in June…
is simply too neat.
The better question is:
👉 Are we actually in full euphoria yet?
Right now, there’s still doubt, still bearish takes, still debate.
And when doubt exists, it usually isn’t the top yet.
In short:
Use this chart to understand sentiment —
not to predict exact timing.
