Bitcoin’s $108K breakout: Is retail FOMO driving the market?

• Bitcoin repay $ 108k as a whale activity and food food bullish moment.
• Sentimental in the greed zone, but techniques notice of potential short fixes ahead.

Bitcoin [BTC] Hit you over $ 108k, flipping the writing on recent sub- $ 100k frighten.

A wave of optimism wake up to seek for the reprises, while the deep players seem to be done collections, calculated.

From the sudden whale to the conviction of burning in a height revival of height, this last surgeon stays more than price action.

This is what we see, and what could mean later.

Foo Fake, but so makes a familiar sign

The bitcoin has refunded to $ 108k from $ 105k yesterday has disappeared a retail optimism – reflected in the second threads in two weeks.

According to SinglentTrader’s mood repayed the “avollable area,” a territory historically associated with the tops of market.

After his week of the previous week under 100 $ 100k, several panical trades sold. Now, social feeling is soft bullish as prices start to collect again.

But in encryption, that the type of energy often has prepared the reverse. With feeling in their basic, the may the maynate crowd vault for an opposite movement.

Whale tickets make its movement

The fresh string of fresh confirms what many suspects; The bales occur in aggressive manner.

A wallet just opened An 20x 20x penalty more than 50 million $ 50 million, of capitalize the moment of btc to 106.5 years.

Simultaneously, 997 btc flowed out of kraken in unidentified portions in a series of great transactions, pick up the eyelashes through the table. These are high positions of high conviction from entity that rarely acts aimlessly.

While the shopping room retailers with Fomo, whales seem to be disconnected in a deeper upside.

Momentum builds, but caution grow in

Bitcoin’s RSI sat at 613 at picture time, a bullish time sign without drawing the upper territory. The price action showed strong recovery candles above $ 108k, although today pirback of today suggests the short term extension.

OBV to 1,74M has supported the accumulation continues but a sliced ​​slope that the pressure that purchases the pressure may be refreshing.

If OBV and Rsi divers to divers, a short fix might follow. The bulls always control the trend but supporting above $ 110k with volume confirmation will be key to avoid the end of the end of the end of the end of the end-May-May.