Cryptocurrencies might seem to offer easy profits, but reality is different. Since the peak in 2021, most altcoins trade significantly above previous levels, leading newcomers to mistakenly believe everything is simple when prices start to rise.

Cryptocurrency Market Cycles

These misconceptions will give ample time for reflection as the next bull season begins and ends, much like the complex periods of recent years. Cryptocurrencies do not offer easy, quick, or consistent profit opportunities. Over the past half-year, traders who couldn't manage their emotions faced losses from panic buying and selling.

What to Focus on in the Cryptocurrency Market?

What should be done? Is it beneficial to monitor metrics like the fear and greed index? In today's analysis, Nagato believes it is not entirely accurate. This is because fear and greed are dominated by a limited number of participants and can be misleading.

Cryptocurrency Market Targets

We should pay attention to PlanB’s forecasts, as he has become somewhat of an oracle with his projections. His targets for September, October, and November were met, based on his S2F chart. Despite backlash when markets turned against him, his scarcity and demand-based price projections work well during bull markets. During this cycle, a BTC peak between $250,000 and $1 million is anticipated from 2024 to 2028, based on the recent chart. Moustache shared a total market cap chart for altcoins, indicating the first green bar (MACD) after 25 weeks of red bars. According to him, a one-month price increase could occur following this movement as similar patterns have previously been observed.

The cryptocurrency market continues to be complex, and experts recommend a careful analysis of current and future trends. Predictions may vary, but understanding cycles and responding to market signals will help better prepare for changes.