According to Dan Held, traders often exhibit predictable behavior during Bitcoin price cycles, hesitating to buy when Bitcoin reaches new highs like $108,000 and expressing skepticism during corrections near $75,000 (source: Dan Held, Twitter, May 6, 2025). This recurring sentiment cycle can create trading opportunities for investors who recognize the pattern and act contrary to prevailing market psychology. Understanding these market cycles is crucial for both short-term trading and long-term investment strategies, as crowd behavior tends to repeat each cycle, impacting Bitcoin price trends and volatility.