RATE Group | Bitcoin FOMO Is Back On Track
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Bitcoin FOMO Is Back On Track

19 Jul Bitcoin FOMO Is Back On Track

Posted at 06:40h in Bitcoin News by

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If there is anything worth talking about today, it surely is the crypto space. Bitcoin has crossed the $7K and it is trading near $7,500. Year to date, we are still down by -47.85% but the $600 move in sixty minutes (yesterday) for Bitcoin was a remarkable one. The sellers in the OTC market are holding off their Bitcoin as they believe that the price is going to go high . On the other hand, buyers are eager to find sellers so that they can buy low and sell high.

(Photo by Alberto Pezzali/NurPhoto via Getty Images)

The question is what has instigated this move?

As I said yesterday, the suppressive bear market conditions are fading and with yesterday’s move (especially if the momentum continues at this pace), it will be only a matter of time before the bear market is forgotten altogether. Remember, the FOMO (fear of missing out) element for Bitcoin is very strong and it drives the trading action aggressively. Regulatory space is becoming more…

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