{"id":381973,"date":"2019-05-13T20:00:27","date_gmt":"2019-05-13T20:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=381973"},"modified":"2024-06-11T13:39:48","modified_gmt":"2024-06-11T13:39:48","slug":"10000-bitcoin-price-key-level-to-trigger-widespread-public-fomo","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/10000-bitcoin-price-key-level-to-trigger-widespread-public-fomo\/","title":{"rendered":"$10,000 Bitcoin Price Key Level To Trigger Widespread Public FOMO"},"content":{"rendered":"

Bitcoin<\/a> and its recent parabolic run<\/a> has everyone across the crypto market in shock and awe<\/a> as the first ever cryptocurrency smashes through each powerful psychological resistance level with relative ease.<\/span><\/p>\n

It\u2019s clear there\u2019s FOMO \u2013 the fear of missing out \u2013 in the air, as crypto traders and investors who were waiting to buy Bitcoin back lower than $3,150 are coming to the difficult realization that they missed their chance and are stuck buying Bitcoin back at increasingly higher prices. But it\u2019s at the important psychological price level of $10,000 when the FOMO will spread into the public who watched the cryptocurrency bubble pop and who have since written Bitcoin off as a fad or dead.<\/span><\/p>\n

$10,000 Bitcoin Is Catalyst for Widespread Public FOMO<\/span><\/h2>\n

An early April rally that sent the price of Bitcoin skyrocketing over $1,000<\/a> in nearly an hour was the initial spark that signaled the end of the bear market and that the bottom was now in. As more and more crypto traders and investors who were once sidelined<\/a> awaiting even lower prices to accumulate at, they\u2019re now having to face the hard truth that they missed their chance to buy Bitcoin cheaper, and are now forced to buy Bitcoin above $7,000 as the price of the cryptocurrency is currently flirting with $7,800.<\/span><\/p>\n

After the break of $4,200, many had been waiting the expected pullback or retest<\/a>, but a significant retracement has still yet to happen. Even after the worst Tether FUD to hit the crypto community and a hack of the world\u2019s most popular cryptocurrency exchange, Bitcoin has barely backed up to take a breather, let alone face any substantial downside.<\/span><\/p>\n

Related Reading | Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience<\/a><\/strong><\/em><\/p>\n

As the market wakes up and realizes that the bull run could be back, a strong sense of FOMO has spread across the cryptosphere. But what has been seen so far will pale in comparison to a break of $10,000, which some believe is the important psychological price point that\u2019ll cause the rest of the world outside of the crypto market to take notice of the leading cryptocurrency by market cap once again.<\/span><\/p>\n

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At what price will see FOMO from those who gloated about 90% crash in $BTC<\/a>?<\/p>\n

Military term, SWAG (scientific wild-assed guess). <\/p>\n

My SWAG is $10,000 is price that causes FOMO from those who saw #bitcoin<\/a> as dead forever. <\/p>\n

POLL:
At what price do we see FOMO?<\/p>\n

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) May 12, 2019<\/a><\/p><\/blockquote>\n