Bitcoin's Sudden Euphoria May Limit its Upside
🥳 A surge of positive Bitcoin commentary across social media has come in over the past week. So much so that the ratio of positive comments is more than double
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🥳 A surge of positive Bitcoin commentary across social media has come in over the past week. So much so that the ratio of positive comments is more than double the amount of negative comments for the first time in over a year.
The crowd's sudden optimism toward crypto's top asset is concerning, as prices traditionally top when this level of FOMO is present. Look for traders to "slow their roll" and start to express FUD again. When the crowd begins conveying doubt again, BTC will truly begin testing its March all-time high market values.
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