Hello Everyone!

The overly optimistic are out to play as Bitcoin sees a price bump to 98k.

This is something I talked about as a possibility in our recent newsletter. From the summary:

“Potential for another short-term price increase to around $98,000, possibly retesting a trend line as resistance before continuing downward.”

FOMO is still the prevailing emotion here as investors fear that they will miss out on future gains. All the while, data remains overheated and far from cycle bottom levels.

We’ll look at the short-term, long-term, and talk about the psychology of the latest low.

Enjoy!