Bitcoin At $100K Could Spark A Fresh Wave Of Retail FOMO, Analysts Warn

Bitcoin pushed past $95,000 on Tuesday, drawing at

Bitcoin At 0K Could Spark A Fresh Wave Of Retail FOMO, Analysts Warn

Bitcoin At $100K Could Spark A Fresh Wave Of Retail FOMO, Analysts Warn

Bitcoin pushed past $95,000 on Tuesday, drawing attention from traders and analysts who say real buying of the coin, rather than bets on derivatives, is driving the move.

BTCUSD now trading at $94,966. Chart: TradingView

History Gives A Mixed Signal

January’s record for Bitcoin has been modest on average, delivering roughly a 4% gain since 2013. February has tended to be stronger, with an average return of 13%.

These averages do not guarantee the path ahead, but they give traders a context for how the market has behaved in recent years. Market moves can be quick. They can also stall.

Macro Risks And Technical Levels

Traders were watching $90,000 as an important support level while Bitcoin cruised past $95k ahead of US inflation data that could shift bets about rate cuts.

Safe-haven demand has been in play as geopolitics and questions about central bank independence weigh on global markets. Price action is currently tight, with many saying the market sits inside a narrow band and will likely break out one way or the other.

Retail FOMO Could Add Fuel

Meanwhile, crypto sentiment tracker Santiment warned that renewed teasing of $100K could pull retail traders back in, sparking fresh FOMO across the market.

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If that happens, more buying from everyday investors could push prices higher quickly. But flows can reverse fast too, and large macro surprises or a loss of momentum would test the bulls.

Featured image from Unsplash, chart from TradingView

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