Pricing Academy
Log in
insight thumbnail

Fear the Crowd's Greed as They Shift Into 'Lambo Mode'

@brianq
1 min read
27.09.2024
BTC


🥳 Bitcoin's latest rise, now bringing its market value above $66K, has traders pumped. Although altcoins are the ones reflecting the biggest pumps this week, profit redistributions from BTC's past 3 weeks of rises are the primary reason.

Expect some testing of bulls' patience as sentiment has crossed into high FOMO (greedy) levels. This typically coincides with upcoming local tops. They may happen today, this weekend, or in the upcoming weeks, depending on how whales behave at these levels.

That said, don't expect to be able to rebuy at $50K or $60K without world economies beginning to show red flags of their own.

Was this Insight helpful to you? Your feedback means a lot to us!

Featured in this Insight

Bitcoin BTC

$ 117938.88
8.27%
in last 7d

Grayscale BTC ETF mini BTC

N/A
0%
in last 7d
BTC

Conversations (0)

No comments yet
Be the first to comment

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.