I remember when bitcoin made its run to 19k back in 2017 it seemed ridiculously overbought...just like 3k felt like a total bargain when it corrected. Now 19k would feel like a ridiculous bargain. Anyway if you ever wanted to see what accumulation looks like here it is. 2017-2018 2023-2024
its all about demand and supply, reduce bitcoin output, increase price accumulation is where price reaches S&D equilibrium
It's all about psychology. Do people think they're going to get rich quick? Bitcoin price appreciation requires an ever increasing amount of FOMO.
Same thing with QQQ. You can't even imagine getting it below 400 again, yet it was 260 about 18 months ago.
Meaning someone can buy 0.00000001% of a coin so anyone can "take a flyer" on it if they so wish opening up to 1000's, tens of 1000's, who otherwise likely wouldn't have.