{"id":384383,"date":"2019-05-30T17:00:08","date_gmt":"2019-05-30T17:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=384383"},"modified":"2024-06-11T07:19:38","modified_gmt":"2024-06-11T07:19:38","slug":"bitcoin-may-be-up-14-9-but-tom-lee-expects-real-fomo-after-10000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-may-be-up-14-9-but-tom-lee-expects-real-fomo-after-10000\/","title":{"rendered":"Bitcoin May be up 14.9% But Tom Lee Expects \u201cReal FOMO\u201d after $10,000"},"content":{"rendered":"
Tom Lee is an ardent Bitcoin supporter. Contrary to the mainstream view, he believes real FOMO for BTC will begin after prices rally past the psychological $10,000 mark. Currently, BTC is up 14.9 percent from last week\u2019s close.<\/em><\/p>\n A healthy blend of growing awareness, coupled with the involvement of industry heavyweights and improving infrastructure,<\/a> is somehow giving Bitcoin momentum. At some point this week, there was an expected reversal from the $9,000 mark. That is normal. Prices do expand and shrink, depending on supply and demand dynamics.<\/p>\n However, it is about the resilience of buyers. How they will maintain demand, and keep prices above key supports is what counts. After all, demand is a measure of participation. Although we cannot refute that buyers are back as trading volumes surge, Fundstrat Global Head Analyst Tom Lee<\/a> is calling for patience.<\/p>\n While responding to a tweet from Financial Times\u2019 Adam Samson, he said the real FOMO trigger is when BTC break above the $10,000 psychological mark. To him, that\u2019s when BTC will edge past \u201clevel 10 FOMO<\/a>.\u201d The level is from Fundstrat\u2019s study that compartmentalizes the level of BTC investor involvement from 1 to 10.<\/p>\n At what price will see FOMO from those who gloated about 90% crash in $BTC<\/a>?<\/p>\n Military term, SWAG (scientific wild-assed guess). <\/p>\n My SWAG is $10,000 is price that causes FOMO from those who saw #bitcoin<\/a> as dead forever. <\/p>\n POLL: — Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) May 12, 2019<\/a><\/p><\/blockquote>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
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At what price do we see FOMO?<\/p>\n