FOMO

<ul class="news-points"> 
 <li><strong>According to Santiment, traders appear to be in a battle around Bitcoin’s $50,000 market value.</strong></li> 
 <li><strong>Santiment explained that FOMO and FUD play significant roles when BTC is at a psychological level.</strong></li> 
 <li><strong>Santiment’s data showed a spike in crowd euphoria as BTC climbed above $50,000 on February 13.</strong></li> 
</ul> 
<p>According to Santiment, a marketplace intelligence platform with on-chain and social metrics, traders appear to be in a battle around <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>’s $50,000 market value. In a recent post on X (formerly Twitter), the analytics platform noted that Fear of Missing Out (FOMO) or Fear, Uncertainty, and Doubt (FUD) plays a significant role when the Bitcoin price is around a psychological level.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Traders appear to be in quite a battle around <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>'s $50K market value. When it comes to these psychological support levels, the level of crowd <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FOMO</a> or <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FUD</a> plays a major role in whether that value ultimately is exceeded for the long term. We see that $55K<br><br>(Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/f0eRdIw5zm" target="_blank" rel="nofollow">pic.twitter.com/f0eRdIw5zm</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1757648363246461376?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 14, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Whether Bitcoin would stay above $50,000 for the long term would be determined by the social metrics of FOMO and FUD, according to Santiment. T…</p>
<p>The post <a href="https://coinedition.com/bitcoin-at-50k-traders-lookout-for-increased-fomo-and-fud-as-price-reacts/">Bitcoin at $50K: Traders Lookout For Increased FOMO and FUD as Price Reacts</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin at $50K: Traders Lookout For Increased FOMO and FUD as Price Reacts

Coin Edition

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