there is a nice momentum building up and it is only going to increase in size. i don't see ups and downs, all i could predict is ups and ups and ups and down. meaning much bigger rises and tiny corrections. and soon enough as price started showing signs of breaking $10k there could easily be a big FOMO that can put bitcoin on a constant rising mode for at least a while until price goes up about 20 to 40% then see a correction.
Its possible, but for me unlikely. At this time I think this type of belief is what make whales profit. When I predicted the price would drop in the past rally, it was the same thought that was going on circulating the internet, & the correction was harmful. Some top traders got cought in the FOMO. Regardless, of this I think what you are saying will become a reality, but not now. We are stil 100 days from halving. Not near enough.
Will see...
How many days though prior to halving that we might see FOMO kicking in? 30? 60 days?
$9500 for now, we have build momentum already, so I'm not sure what will make this spike put to a hold, maybe except FUD or some sort of negative news. But I do like what we are seeing though, yes we might see occasional pull-backs but I think we have build enough momentum that the lower lows could be somewhere $8k'ish to me.
Nice. I agree.
FOMO will become steady & long term. But we are not there yet. 100 days is a long long time. A lot can happen in two months. People are getting excited to soon & this is a weakness that will be profited from. Is logical. Don't you see it? ... BTC price is a bitch.
I think 60 or 45 days before halving is time to begin believing in the long & steady FOMO that will start the real bullrun.