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Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO
« Last post by Rubel007 on Today at 08:26:39 AM »As Bitcoin is highly volatile, many people are quite concerned about the price of Bitcoin. Any time the price goes up and down. Now this is a great concern with Bitcoin. However, in recent times, the alliance between Israel and Iran has gradually taken on a larger form. At the same time that Bitcoin halving is occurred and the price of Bitcoin could be bullish but the opposite happens. Investors are selling their bitcoins in panicky without understanding. What I understand is that if a war breaks out, the fiat currency is supposed to drop down. A better policy is to hold Bitcoin coins to keep your wealth secure to yourself. I am certainly say bitcoin price will rise.This morning Bitcoin experienced a decline to a price of 59k. But that only lasted a short time and the market returned to its slow rise. And as I write this, the BTC price is even above 64k again. And just now it has reached 65k again. And keep going up and down in that area. Maybe FOMO and fear are covering the market right now. People are scared and selling because of the news of Israel's attack on Iran. And there are also people who have FOMO because in a few hours the Bitcoin halving will come. And now the market has become uncertain.People who expect the price drops deeper may feel unsatisfied because the price looks to increase gradually. Now, the price of Bitcoin already increased 3.5% and the current price is about $63k. I assume it will be above $65k again in the next few days. We will be in halving in April 20, we almost reaches the halving time. I personally never expect the price to drop below $60k again, it is very unlikely to be $50k - $52k. If there will be no more bad news, I think it will be easy to see Bitcoin $70k again.I also agree with you, I don't think the price of bitcoin will fall below $60K, because bitcoin seems to have improved again and it is possible that the price of $70K will be reached as soon as possible, maybe next week we will see it. Many expect the price of bitcoin to fall further, that's just those who have prepared USD to buy bitcoin at a lower price
It's good that the BTC price was pushed from $60k, but it's too early to be happy about it. We can talk about continuing the bullish trend only if the BTC price breaks through the resistance near the current ATH. Meanwhile, it seems to me, there is some uncertainty in the market. That's why BTC is trading in a relatively small range from $60k to $73k.