Bitcoin is Near $10,000 When FOMO Starts?
Bitcoin (BTC) makes a new high of 2019 by hitting $9800. Bitcoin is now trading at $9780 (at the time of writing) and made a daily high of $9845 as per Coin360 data.
Bitcoin bullish performance from the last three months catches a lot of attention from investors. Investors are looking very closely at Bitcoin and soon will start investing (maybe they are waiting for $10,000 resistance break).
Bitcoin 30 days returns are 26.5 percent and 90 days returns are 145 percent.
Experts believe that a break above $10,000 mark will spark demand among buyer and brings new people to the crypto space. Fundstrat Global Advisors Tom Lee said that Bitcoin could reach $40,000 in 2019. Tom Lee tweeted after Bitcoin breaks $9700:
In most markets, a ‘new high’ is needed to confirm a breakout
But with #bitcoin, when it trades at a price seen only 3% of its history, this has confirmed a new high imminent. This makes crypto different.
This ‘3%’ is $10,000.
FOMO = $10,000Currently $250 away from FOMO
Altcoins are not reacting the same as Bitcoin. Top 20 cryptocurrency shows small gains of 2-8 percent. Ethereum is trading at $290 and has reached the same price as in August 2018.
Binance Coin (BNB) has made a new all-time high of $37.87. BNB is the top performing cryptocurrency of 2019 among top 20 cryptocurrencies.
The total marketcap of cryptocurrency market crossed the $300 Billion milestone and is the highest point since July 2018. Bitcoin dominance is 57.6 percent and has a market cap of $174 Billion.
Also Read: Ethereum Classic Hardfork is Scheduled on 17 September
