As we approach May. Demand increases due to the fear of loosing opportunity (FOMO).
The psychology of the participants gravitate towards the high possibility of a dramatic increase of the price. This assumption are based on many analogies which are born mainly from past performance & future scarcity environment.
This market mindset increases the momentum of the price rising due to a chain reaction:
FOMO --- increases ---> Demand --- increases ----> Future expectations -- increases ----> HODL ---- increases ---> scarcity ---- increases ----> price --- increases ---> Media & Public Awareness --- increases ----> FOMO & the cycle repeats.
We can have some gaps of doubt & fear but this is going to fade away as we approach the "hope" & "optimism" phase of the market cycle. Confidence will take over as we see more & more steady green numbers.
This gaps that occur in the disbelief market cycle I consider them to be at POMO (Point Of Maximum Opportunity)
When we have a chain reaction like this which is reinforcing demand previous to the stock to flow doubling. Scarcity cuts in half & the chain reaction increases in momentum, which will lead inevitably to a considerable price increment.