Beware of FOMO zone
This article does not discuss negatively or positively about BITCOIN price, it is all about FOMO from the market that I personally see. Please read carefully!
BTC price has increased a lot since breaking out of the downtrend line. Here you can see the trading volume is very high, meaning there is a lot of buying and selling activity. The price then increased to create a new ATH, which as of now is 71k5. If you pay close attention, most buyers in the low price range, even some buyers at the peak of 68k in the previous cycle also made profits.
The question arises when there are too many people holding profitable buying positions? And are there any assets that continue to increase in price? I think that's reflected in the recent big spread. It's not a conspiracy theory or any secret information, I think it's simply investors taking profits. But such periods increase the risk to your account if your entry is too high .
BTC has a new ATH, please be careful with your investment decisions.
BTC price has increased a lot since breaking out of the downtrend line. Here you can see the trading volume is very high, meaning there is a lot of buying and selling activity. The price then increased to create a new ATH, which as of now is 71k5. If you pay close attention, most buyers in the low price range, even some buyers at the peak of 68k in the previous cycle also made profits.
The question arises when there are too many people holding profitable buying positions? And are there any assets that continue to increase in price? I think that's reflected in the recent big spread. It's not a conspiracy theory or any secret information, I think it's simply investors taking profits. But such periods increase the risk to your account if your entry is too high .
BTC has a new ATH, please be careful with your investment decisions.
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