It is great to see how the Bitcoin price is going up, so surely the current price must make people happy in the market. I hope that the price will continue to rise, as the current price is more than 72,000 US dollars. The last few days have been great for the Bitcoin price in the market, and it looks like it is going to grow even more since the US elections are near.
I'm not sure why this price increase started, but overall, it's good because we all expect better pricing with Bitcoin, and I am expecting it to cross 100,000 U.S. dollars. I don't know when this will happen but whenever it will happen it is the time for a lot of people to enter the FOMO zone. Fear of missing out is something that a lot of people go through when an asset starts growing its value.
I expect that with Bitcoin also the FOMO situation will start if the price grows even more. Again we can't predict the price and maybe it will grow further and maybe it goes down that we are not sure about and that is how this market works. Possibly based on some technical analysis we can predict but there have been times when the prediction was not true and the market behaved completely differently which has no connexion with the technical analysis at all.
What are your thoughts about the Bitcoin price and do you think that it is going to grow more or it has the potential to cross $80,000 for now? I hope the current price spike situation is making people happy and they are enjoying this green colour market.
Thanks