Bitcoin (BTC) To Witness Real FOMO & Disbelief Soon

It has been just revealed the fact that Bitcoin could soon witness real FOMO and a strong disbelief from investors, according to the latest reports. Check out the details about the matter below.

Bitcoin traders are on the brink of experiencing a fear of missing out (FOMO), as stated by a trusted crypto strategist.

Credible Crypto, a pseudonymous analyst with a large following on X social media platform, firmly believes that Bitcoin will make a significant upward move only if it can regain a crucial level.

He is of the view that true FOMO, panic, and disbelief will occur once Bitcoin surpasses the $29,000-$30,000 range, and this statement is backed by recent news of Grayscale’s victory in its lawsuit against the SEC’s denial of a spot-based BTC exchange-traded fund (ETF).

At time of writing, Bitcoin is worth $27,621, up nearly 6% in the last 24 hours.

An expert in the field of cryptocurrency, Credible Crypto, predicts that Bitcoin will continue to rise in value while traders hold out for better prices.

The market sentiment seems to be very bearish with many expecting a breakdown at the $24,000 mark, but there hasn’t been any indication of this happening.

The worst-case scenario for those waiting for a drop is that the price will just keep going up, as it has done many times before.

On the other hand, another analyst named Bluntz is not convinced that the recent Bitcoin surge is sustainable. He believes that both Bitcoin and Ethereum (ETH) will experience another downturn before any real recovery can take place.

“I’m still not 100% sold on this move up being a low on BTC or ETH.

I still think one more leg down needs to happen to complete a (5) of C for BTC and ETH before I’ll be happy to call bottoms.

The invalidation of this thesis is if we break $1,804 for ETH or $28,770 for BTC as wave fours can’t go within wave one territory.”