I agree with you on many points, but not on the idea that everyone has a specific price point. Usually, when the price rises, the selling price point moves further away; people think something like, "Well, it'll rise a bit more, and then I'll sell." On the other hand, when the asset is stuck at the bottom, the thought is, "It'll drop a little more, and I'll buy." This is a big mistake.  

Also, you mentioned that it’s harmful to listen to FUD in a bull market. I would add, with your permission, that it’s always harmful to listen to it. Usually, FUD comes when the price is low, spreading fear that it will go even lower, and at the top, the opposite happens—FUD makes people believe the price will keep rising, always higher, so they don't sell.