Bitcoin FOMOBitcoin all time history indexINDEX:BTCUSDnorokThe technical levels I am watching in the near term are: Upside Resistance: 104800 117,500 All Time High Downside Support 87,700 84,100 Throughout this bull cycle, starting from the low in November 2022, following the January 2023 Ichimoku breakout that truly triggered the bull trend, and after the ETF launch my Bitcoin friends continue to ask if I am buying Bitcoin. My answer now, as it has been all year, is "no." They invariably come back with incredulousness, "but you're going to miss out!" And of course my favorite, "everyone gets Bitcoin at the price they deserve." I suppose that phrase should make me most deserving having bought my first at $20. The thing I "know" about Bitcoin, based on its history, is that it always pulls back... bigly. That has been "less bigly" each cycle but still much of the double edged sword of volatility is baked in still, only forgotten at the moment. To update that phrase about deserving price I have my own, "you will always be able to buy Bitcoin again at this price." It's the proper counter-FOMO mindset and borne out by history. If Bitcoin were to suddenly rocket to $200,000 and then retrace by 50% it would put it right back here at $96,000. But I am told "I just dont understand Bitcoin." No, I do, very well I think. I understand Bitcoin itself intimately but more importantly markets broadly. I understand markets and what makes them work; human emotion and cyclicality. Bitcoin Maximalists believe that Bitcoin is something different; that the rules do not apply. "There is nothing new under the sun." This is especially true of financial markets and Bitcoin is definitely one of those. By expanding my horizon across all the assets and tickers available to traders over the last 16 years I have seen countless tickers go on to make massive gains, capture the attention and frenzy of investors, and then... invariably... come back. Bitcoin is still priced by humans and this is what humans do. I've endured so many missed opportunities. Many that I felt strong pain about. But after so many exposures to negativity one develops a resilience. That's what those who focus exclusively on one thing fail to appreciate and put themselves at risk out of ignorance. What is my long term view? It remains the same now as it has all year; "they" must be tested. Every asset that creates a culture of passionate optimism around it invariably reverts at some point to abject despondency. That is the cycle of greed and fear. Though I read the consternations on social media there still remains hope. When all hope has been given up... then I become interested. It doesn't matter if that comes following an all time high of $126k or $1000k. That point will come. I'll be fine either way.