The price of Bitcoin has had a tumultuous journey in the past year, dropping below $29,832 in early 2021 before rising steadily above $27,013 during a bullish phase. This rollercoaster of fluctuations has been observed by investors. A financial expert has claimed that Wall Street is investing in Bitcoin at a much faster rate than it is being produced. Bitcoin has exceeded the $50,000 mark, surpassing the expectations of investors and analysts in the cryptocurrency market. Bitcoin, the leading cryptocurrency, recently saw a price increase above $50,000, indicating a shift away from bearish market conditions. The sudden rise in price was a notable event for the cryptocurrency, as many experts had predicted that Bitcoin could potentially reach $100,000 during the 573 bullish phase. Currently, the price stands at $50,049, showing a significant 16.70% increase in the past week and a 4.23% surge in the last day, according to CoinMarketCap. The value of the cryptocurrency has increased by 4.24% in market capitalization, surpassing $983 billion. The price of BTC is rising on the daily chart. Reference: The BTCUSDT chart on Tradingview. Therefore, well-known cryptocurrency analyst Ali Martinez has used X (formerly Twitter) to talk about Bitcoin’s recent price increase and how it is affecting investor mood and the overall cryptocurrency market. Martinez shared a graph showing how the sentiment of long-term Bitcoin holders changes over time, noting that they experience various emotions during a bullish market. These feelings begin in a positive and intense manner before transitioning to the typical Fear, Uncertainty, and Doubt (FUD) phase. They explained that individuals investing and trading in cryptocurrency go through an initial optimistic period characterized by capitulation, moving on to hope, optimism, and confidence, and eventually facing anxiety.