$100K Celebration is Here, But Now We Need Crowd Fear
🥳 Cryptocurrency has continued its rally, with Bitcoin breaching the all-important $100K psychological resistance for the first time since Feb. 3rd. Sentiment is quite bullish at the moment, which can be a double-edged sword for upcoming price movement from here.
On one hand, retail FOMO can add a bit of extra fuel to this rally as major media outlets spam Bitcoin's 3-month milestone and bring in many new entries to the space. On the other hand, we typically see rallies put on the brakes when there is an overwhelming amount of calls related to 'higher' or 'above' (in relation to crypto) like we're seeing now.
. If prices get stagnant now, and sell calls begin to take over again, it would clear a pathway for Bitcoin's new all-time high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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