It has been revealed that the ultimate FOMO will break loose if Bitcoin breaks above the resistance zone. Check out the latest reports about this below.
Massive FOMO on its way
Tone Vays, an experienced trader and analyst, has expressed optimism about Bitcoin’s future if the cryptocurrency surpasses a two-year high and manages to sustain the upward trend.
Vays has shared his views with his 123,000 subscribers on YouTube, stating that if Bitcoin’s price goes beyond $48,222, it will signify a two-year high.
He believes that surpassing the two-year high could potentially pave the way for Bitcoin to reach levels near its all-time high price of $69,000.
“The only other high to deal with [after going above $50,000] is going to be the $65,000 closing all-time high.
I think if Bitcoin starts to establish itself above $50,000, FOMO (fear of missing out) is going to break loose. Like the ultimate FOMO is going to break loose, everyone is going to be rushing in.”
Bitcoin may not experience a significant correction going forward, as exemplified by the events surrounding BTC’s third halving, according to Vays.
“Bitcoin price going down below $35,000… would be great to go all the way down to $30,000 for a proper pullback. But as we’ve seen in prior bull markets, we don’t tend to get that…
[In 2019/2020] once we broke above the prior double highs… We had a double top at about $14,000, $15,000 right here in the summer [June] of 2019. And then one more time in August, the summer of 2020 – one year apart, we had these two double tops.And then we broke the double top and then the only thing that was potentially standing in Bitcoin’s way was the [then] all-time high of $19,000. And you can see how [Bitcoin] just broke right above it and kept going and going and going and going. So, there we can have that happen again.”
