FOMO

Bitcoin

<ul class="news-points">
 <li>BTC had its largest volume spike on Monday after crossing above $28.4K, after which MATIC and XRP experienced similar volume spikes.</li>
 <li>This suggests that there is a spike in FOMO in the cryptocurrency market at the moment.</li>
 <li>A symmetrical triangle had formed on BTC’s 4-hour chart, which suggested that the cryptocurrency’s price may breakout soon.</li>
</ul>
On Monday, <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> experienced its highest trading volume surge, occurring shortly after it surpassed the $28.4K mark for the first time since mid-August of this year, according to an X post shared by the market analytics platform Santiment. The post also revealed that afterward, something similar happened to two other cryptocurrencies.
Data from Santiment indicated that traders have also generated significant volume spikes for Ripple (XRP) and Polygon (MATIC) following their own recent price surges. This could suggest that the fear of missing out (FOMO) sentiment is quite pronounced in the cryptocurrency market at the moment.
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> had its largest volume spike Monday, hours after crossing above $28.4K for the first time since mid-August. And following suit, traders just created a similar volume spike f…
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/breakout-pattern-forms-on-bitcoin-btc-chart-as-fomo-kicks-in/">Breakout Pattern Forms On Bitcoin (BTC) Chart As FOMO Kicks In</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Breakout Pattern Forms On Bitcoin (BTC) Chart As FOMO Kicks In

Coin Edition

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