after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.
but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.
now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...
do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?
At the moment I look at charts and from 58.9K USD, it has been going up since 11 October. From 6 November, Bitcoin had 10% rise, which is a huge rise, then it saw 6% rise and yesterday higher than 10% rise. Today, the price only went down a bit for a limited time, it quickly recovered and at the moment price was very near to its all-time high. If we keep this and there won't be a sudden FOMO, this week we will surpass $100K and a new record will be on the table.