Bitcoin has been under 30k for many months now, even under 20k. The thing is that by now, the majority of people have already heard of this name "Bitcoin". But for some reason, they are ignoring the prices now only to come back when Bitcoin hits an ATH.
The process is like this: Bitcoin hits an all-time high. For media, this is just another opportunity for some news to generate clicks. For a lot of people, this is the signal that triggers FOMO. From here a bull run is following. This is happening right now at a smaller scale with PEPE
Why is this happening? Why aren't people analyzing this and start accumulating now, with over 50% discount compared to the ATH?
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