Past Trends Show Bitcoin Peaked Temporarily at $93.4K

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The high levels of FOMO suggest BTC might head south before another leg up.

Bitcoin’s price has been on a whopping run that drove it from $68,000 on US election day just over a week ago to a fresh all-time high of over $93,000 earlier this morning.

After gaining roughly $25,000 within the span of less than ten days, the crowd has expectedly turned highly bullish and the levels of FOMO have skyrocketed. This, alongside the massive trading volumes for the ETFs, could lead to a more painful correction, at least in the short term.


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