Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.
The market needs to be monitored to know the exact news of the market after not getting stuck in insanity with the use of additional FOMO the price is holding down due to which it is selling will have to wait until the right news bitcoin stays stable above, it may try a reverse break. The first resistance channel is near the trend line.