FOMO is already gone, they already sell when the price hits $53++ yesterday that's why the market suddenly turns red today. I don't see any news that will trigger a sell, except that the price is too high already and most of the speculators or those who FOMO last week sold-off.
So the price is now $5k, so are we going to see another FOMO again and make the price push to $6k-$6500?
Topic: Are We Witnessing The Start Of Another Bull Run? - page 4. (Read 538 times)
I highly doubt it. This is just a mini rally by the entire crypto market and I am not expecting an insane bull run anytime this year. Bitcoin will most likely settle in the $7k-$8k range by the end of the year.
2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.
2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.
I agree. Even the second half of this year is in play for us to be more clearly in a bull market, because the market anticipates future action. But a bull market will also depend on key catalysts, such as regulatory clarity and Bakkt coming online.
The recent pump doesn't necessarily imply that the bull-market is coming. We can expect the price to somehow rise, however, to expect another bull-run is a little too over. It might take maybe another year or two before we witness another bull-market.
A brief and instantaneous leap doesn't necessarily signify an upcoming bull run but it does give you a glimpse of the current market sentiment and where it could the market be heading in the next few days/weeks. As for the move on April 1st, it seems that it stimulated the market to produce a little FOMO and do something that will instigate a push, although it was short-lived and we have since stagnated on the levels where the push lost steam. I'm pretty optimistic for the next couple of weeks, though the recent movement of over 40,000BTC, which was the same coins that was bought on April 1st is somewhat intriguing and worrying.
it has started to me as well.but after a year and half, we cant believe it i think.there is already "what if" question in our minds.it means fomo is not working right now
I highly doubt it. This is just a mini rally by the entire crypto market and I am not expecting an insane bull run anytime this year. Bitcoin will most likely settle in the $7k-$8k range by the end of the year.
2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.
2020 seems like the year for the next big bull run due to the upcoming halvening event in my honest opinion.
This can be a sign before a bull run but i think we need to invest with precaution because no one can guarantee that a bull will come soon, so best wait to see if is indeed a bull run or just a grow.
No one knows for sure if we are back in a bull market, because that will depend on future price action. We could have another dip back to the lows, or maybe we will continue going up, which would indicate we are in a bull market. As time goes on, we are more likely to be in a bull market.
I would just think of it like someone feels the FOMO the first and bought a lot of BTC before it hits his $10K target. But it could be the start and the obvious bullrun may happen in the mid December of this year. A long wait but perhaps the most satisfying if it goes back to $19k once again.
In early April, we saw Bitcoin’s latest rally of nearly $1000 in just over an hour, taking altcoins along for the ride, namely Ethereum, Ripple and Litecoin. This price surge saw with it trading volumes compared to those witnessed at the peak of the previous bull market.
Read more here: https://www.cryptofish.com/blog/are-we-witnessing-the-start-of-another-bull-run/
Read more here: https://www.cryptofish.com/blog/are-we-witnessing-the-start-of-another-bull-run/
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