š Analyst: Bitcoin's breakthrough of $69,500 may be the key, is FOMO coming?
Since bottoming out on September 7, Bitcoin has risen by nearly 15%, which has made many people dream of the return of the bull market.
Meanwhile, Axel Adler, an analyst at CryptoQuant, also shared some views on social media X, suggesting that once the price of Bitcoin exceeds $69,500, it may trigger market FOMO sentiment.
Currently, the price of Bitcoin is around $60,000. If it can stay above this level, it may mean that a stronger upward trend is coming. However, if Bitcoin falls below the 4-hour 200 EMA (about $58,800), we may face a pullback.
In any case, the next few days are very critical, and we will see whether Bitcoin will continue to rise or temporarily pull back. At the same time, the $69,500 level has become the focus of everyone's attention because it may determine the trend of Bitcoin in the short term.
š Do you think Bitcoin can hold and break through $60,000 in the short term? Will this be the beginning of a new bull run? Share your thoughts in the comments!
