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.
Exactly there could be some possibilities that those people who made a wrong move could buy back bitcoin, and hold it back again. For sure, upon the recovery point of bitcoin price will suddenly have another increasing trend. There's no certain time allocated, but it was already an history.