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Bitcoin's Rally May Spark FOMO, Bitcoin's dominance has increased to 54%

CointimeCointime2023/10/27 21:39
By:Cointime

Bitcoin has maintained its value above $33,600 for two consecutive days, indicating a lack of urgency among buyers to sell. However, if the price continues to rise without significant drops, it could lead to FOMO and further buying, pushing the market into overbought territory. Bitcoin's dominance has increased to 54%, indicating positive sentiment towards the cryptocurrency market, and some altcoins may follow suit.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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