It is a sensation of the retailers caused by the news, meanwhile the institutional ones buy bitcoin.
When it hits the highs, retailers are going to be in for a tremendous fomo, Big Announcements, Bitcoin at 300,000, Bitcoin at 500,000, Bitcoin at ....
There the big investors are going to sell to the retailers at high prices. And that's where you have to be afraid, what happens is that the fomo does not let you see which one you are at the maximum price.
So, as we already know, history begins to give us mistrust from an early age
The problem, for me, is that the Fomo does not infect us in the end.
Small investors would have to stay in control and sell when it approaches the maximum, or continue to hold up to the million for Bitcoin
I think 6700 is not the maximum we are on our way to a new maximum. The last rise was due to a post by Elon Musk that said Bitcoin at 69,000 plus the exit of the ETFs.
I don't know which people care more about ETFs or a tweet from Elon Musk.
So we are, but the feeling that we could be at the maximum, due to graphics and divergences, only tells me that we have not arrived yet.
Good post you have my vote
RE: Where has the FOMO gone?