RATE Group | Bullish Sentiment Implies Bitcoin Price Needs to See Bigger Flush
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Bullish Sentiment Implies Bitcoin Price Needs to See Bigger Flush

13 Nov Bullish Sentiment Implies Bitcoin Price Needs to See Bigger Flush

Posted at 20:21h in Bitcoin News by

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If you’ve been on Crypto Twitter at all, you know of the Bitcoin “HODL” meme. For those living under a rock, here’s a quick explainer: HODL, a misspelling of “hold” first found on the (in)famous BitcoinTalk forum, has become a battle cry for diehard BTC investors, who believe it is irrational to sell the asset.

Related Reading: Bitcoin Volume Profile Suggests Rally to Bring Price Past $20,000 is Near

While many take “HODL” and its derivatives as pure jokes, a commentator has suggested that the persistence of Bitcoin-related memes like “HODL” and “number go up” is a sign of remaining market euphoria from 2017’s bubble, and may thus imply that a further flush in the cryptocurrency markets is well on its way.

Bitcoin Still Has Room to Fall… Apparently

Emotions are fickle things, especially in financial markets. Over the course of the past year, the cryptocurrency market has been through a lot, and so have its investors. Though there are some analysts calling…

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