The acceleration of this rally is starting to get into concern territory. This has got to be fomo coming in to play with traders. It is very much looking like we may break through $41K today which I imagine will only get the snowball rolling faster. I’d be nervous to be a short term trader holding here as we knock on $41K already. Common sense says a correction has to be coming, but this rally is far from common.
1. I have to admit that i (more or less) count on trader's yield days, typically in december. However, i don't see more than a 10% setback, which is extreme already.
2. Inflation and returns from other markets increased the investment volume, this is why we go higher faster, as seen in previous bullruns.
3. Anticipation is growing with every cycle, so more "investors" are more sure every cycle that Bitcoin will perform.
4. Bitcoin is easier to get for the ordinary (and responsible) buyer (please mind NYKNYC, people!), and well, the speculation on spot ETFs became more dense, too.
All these (and also more minor ones) are able to build the ground for steeper charts, but if true, we will have to expect the according blowoff spectacle after next ATH, too.
I can feel your concerns, though, as i might be totally wrong because of expectational biasing.
#NFA
Ok we need a new poll @infofront
AYH for this year what will it be?
Seconded
Poll
