Opinion: FOMO will soon push the price of bitcoin above $ 10,000

Well-known technical analyst Peter Brandt expressed the opinion that, driven by FOMO of many traders, the price of Bitcoin will soon overcome the $ 10,000 mark.

This is the FOMO phase of the advance. It will be possible that there will be a chance for this advancement. pic.twitter.com/xqeIWKfwEQ

– Peter Brandt (@PeterLBrandt) 27 May 2019 p.

So, in his opinion, the main short-term goal of further BTC growth is the mark of $ 10,615, and the intermediate – $ 9,321.

Brandt stressed that a rather deep correction is not far off – the bulls will certainly want to take profits. At the same time, the sale will stop buyers trying to "jump into the outgoing train."

The Brand Overlord trader agrees with Brandt’s forecast. According to the latter, the uptrend is supported by growing trading volumes:

Why not $ 10,000. $ BTC pic.twitter.com/IJHeRi1fA4

– Moon Overlord (@MoonOverlord) 24 May 2019 p.

Currently the market is booming. In particular, this is how the first ten of CoinMarketCap looks now:

The weighted average price of bitcoin is at around $ 8,721, the BTC dominance index is 57.23%.

Recall that on Sunday, May 26, the price of the first cryptocurrency updated the annual maximum , rising above $ 8,800.

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