Market tops are rarely recognized in real time. Instead of consensus about a top, you’ll see calls for much higher prices flooding timelines, with widespread euphoria and overconfidence.
Historically, this is how crypto cycles work:
1. Premature Calls: People begin calling tops long before the actual peak, often starting well before the final parabolic run.
2. Euphoria at the Peak: By the time the true top is in, sentiment is overwhelmingly bullish, and calls for even higher targets dominate.
3. Hindsight: It’s only after prices reverse sharply and consistently that the reality of the top becomes clear.
This pattern has repeated across multiple cycles, so staying grounded during parabolic moves and having a plan for exits is critical. Tops don’t announce themselves; they’re only obvious in hindsight.