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)?
Surely after the drama ends we would see or hear a lot of people regretting on not investing while it was low or something like not holding on to their crypto.
But I agree with you I think after this drop we could see a big batch of money going to enter again and pretty sure those weak hands that sold their bags would try to get it back again.