$10,000 or FOMO? Opinions Divide Concerning The Price of Bitcoin

As the new week starts, the Bitcoin price soars again. As per Bloomberg, Bitcoin was trading at $8,847 during the Tokyo session at 10.25. Currently, the BTC price is slightly down, with the major currency trading at the level of at $8.705. Following Bitcoin, other digital assets are also pumping. Ethereum is up slightly more than 7%. Ripple’s XRP is holding at its recently achieved high of $0.4 and seems to be aiming higher.

The crypto market seems to be inspired by the news about mainstream institutional investors paying interest in Bitcoin as well as other cryptocurrencies. According to Bloomberg, Fidelity Investments now, reports Bloomberg, is at the final stage of launching its crypto trading service for corporate customers. As well as E*Trade Financial Group that is also about to start crypto trading.

On the overall positive background, the well-known trader Peter BRANDT commented on the Bitcoin price, noting that everything that is happening on the market today may be a sign of FOMO (Fear of Missing Out).

This is the FOMO phase of the advance. Once the majority of sold-out crypto bulls capitulate and chase this rally a more sizable correction will likely occur, stopping out the same bulls, who are chasing this advance. pic.twitter.com/xqeIWKfwEQ

— Peter Brandt (@PeterLBrandt) 27 мая 2019 г.

According to the expert, a sizeable correction may soon follow. However, this does not stop the rest of the crypto enthusiasts from the exclamations about the overcoming of "10K" — everyone is waiting for Bitcoin price of $ 10,000. Whether this happens or not, we will know it this week.

It happened. Could $10k be next for bitcoin? pic.twitter.com/NAfMHSe1dt

— CNBC's Fast Money (@CNBCFastMoney) 27 мая 2019 г.

Image courtesy of Coin Codex