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But we saved everything 🙂.
Benjamin Cowen highlights how investor sentiment often changes as market conditions evolve. According to Cowen, when Bitcoin is at its lows and a potential rally is predicted, most people collectively agree that such a scenario seems logical.
However, Cowen observes that once the rally actually begins, it becomes harder for many market participants to maintain objectivity, leading to shifts in opinion and frequent changes in perspective.
Cowen’s observations on shifting market sentiment align with his previous arguments that narratives often follow price movements, as discussed in his analysis challenging manipulated conspiracy claims for Bitcoin midterm rallies. Further, his forecast of a possible local top for Bitcoin following periods of anticipated softness underscores the complexity of maintaining objectivity as market cycles unfold.