~snip~
It is still next month though, and they haven't been certified as far as I know so I doubt that this could be one factor for the current rise, however, I'm thinking that this is news could be very important as well,
https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoinAnyways, I think we can't just pinpoint any factors that is affected the price, but I'm sure FOMO is real again, like 2017.
I'm certain that this has contributed to the recent bull run that we're experiencing right now. We're aware that institutions are getting to the market and through them, they will make it easier for those money to come in. I'm also comparing the scenario now with 2017 and I think it's going to be better than that. Just look on how many more months left before this year will end but we're already near on $13k. While on 2017, it took the end of the year before it reached the all time high.
Yeah, it is a big different from what it shows last bull run and it is better to look like this. We are too excited and optimistic to see another $20k this year, but still no assurance that we can make it far from that.
At certain thing that FOMO might play again this time and create another huge fall after but we don't need to think it now, instead, we look forward into more pumps.
But don't let your emotions feed you because everyone is starting to become greedy and thinking that it will reach certain higher levels. It's okay to have that vision and plan but I'm just giving the potential pull back can happen as well. After everyone has FOMOed, there will be now whales that will start securing themselves and won't let this advantage pass again. They'll take their gains and will wait for the sudden slow down of the market so they can re-enter with lower price.