Tom Lee: Bitcoin Price Nearing FOMO Trigger

 

Tom Lee: Bitcoin Price Nearing FOMO Trigger, BTC To Trade Between $20K and $40K

“While speaking to Bloomberg, Lee pointed out how close the asset was to the $10,000 Bitcoin price level that would serve as an enormous FOMO trigger – and has done so effectively in the past, doubling the price of Bitcoin in a matter of days once breached. He added in a CNBC segment that Facebook’s new cryptocurrency is likely to spark renewed interest in Bitcoin.

Once $10,000 is broken above again, Lee expects a similar reaction to what occurred during the highly-publicized meteoric rise of 2017. Around Thanksgiving that year, Bitcoin passed $10,000 as families talked during family dinners.

The net result was widespread retail FOMO, and the price of Bitcoin reaching its all-time high of $20,000 not even a full month later. The bubble popped, a correction and bear market ensued, and the rest was history.”

https://www.newsbtc.com/2019/06/19/tom-lee-bitcoin-price-btc/

Master Asked on June 19, 2019 in Bitcoin.
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