Bitcoin is approaching important resistance levels near $69,000, a point that is considered a strong psychological point for traders and investors. At this level, many start to feel the fear of missing out (FOMO), which can lead to increased demand and the start of an upward rally. This feeling is especially heightened when the price reaches levels close to the previous highest peak, giving the impression that Bitcoin may be heading to achieve a new high.
Tip: At the current price of $59,000, and approaching the $69,000 level, it is important to avoid impulsive decisions due to the fear of missing out. Your best strategy is to focus on gradual buying to spread risk and avoid buying outright at strong resistance. Watch the market movements carefully, and be prepared for the possibility of a correction after reaching psychological resistance levels. Donât forget to have a clear exit plan to avoid any potential losses if the market moves against you, and take advantage of any bounces in the price as opportunities to enter at better prices.
