{"id":413862,"date":"2020-02-07T16:00:09","date_gmt":"2020-02-07T16:00:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=413862"},"modified":"2024-06-11T13:41:37","modified_gmt":"2024-06-11T13:41:37","slug":"bitcoin-crypto-rally-retail-fomo","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-crypto-rally-retail-fomo\/","title":{"rendered":"Analyst: Recent Bitcoin Rally Is Only the Start, Retail Will Take it to New Highs"},"content":{"rendered":"
The latest rally across the crypto market may just be the first major impulse upward before retail FOMO occurs and the flow of new money entering the market pushes the prices of cryptocurrencies like Bitcoin<\/a>, Ethereum, XRP, and more much higher.<\/span><\/p>\n The crypto market has grown over 40% since the start of 2020 and is showing no signs of waning momentum.<\/span><\/p>\n After Bitcoin<\/a> bottomed out at around $6,400 in late December, surging altcoin prices caused massive breakout from downtrend resistance, which not only caused altcoin valuations to skyrocket but helped push Bitcoin out of its downtrend as well.<\/span><\/p>\n Related Reading | 10 Factors Confirm a New Crypto Bull Market Has Officially Begun\u00a0<\/a><\/strong><\/em><\/p>\n The fall to $6,400, according to one crypto analyst, was the capitulation needed to restart the market cycle from bear to bull. The same thing occurred back in December of 2018 when Bitcoin reached a price of just $3,100 per BTC.<\/span><\/p>\n The analyst also says that the current move up is just the first impulse preceding a massive bull run driven by retail FOMO.<\/span><\/p>\n We just capitulated and saw peak lack of interest in December, this is just the first impulse.<\/p>\n I don't think this is retail because retail don't buy the first move. The fact this move is so strong across the board is a sign crypto is well and alive. 2020 will be great. pic.twitter.com\/ITIHQ1z33n<\/a><\/p>\n — CL (@CL207) February 7, 2020<\/a><\/p><\/blockquote>\nRecent Crypto Rally Is Just The First Impulse Before Retail FOMO<\/span><\/h2>\n
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