i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up.

with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year.

what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)?

Could be. That's loosely been my outlook for the past couple months, up to and including this shakeout.

I was initially hoping this dip would end as a wick on the weekly chart, similar to the action in October 2013 or August 2016. Since we haven't seen a classic BTC capitulation bottom yet, I'm wary of getting too bullish. The final shakeout probably hasn't happened yet.

This guy has some interesting projections of how long this move could take. It could take months and we could see the $5,000s or $6,000s first. So my eyes are still set on $20K but I'm not sure when.