Summary
- Santiment stated that there is speculation that Bitcoin's price could soon surpass $110,000.
- Santiment emphasized that FOMO appears before price rises, and currently, positive reactions have surged explosively.
- It added that if greed subsides quickly, Bitcoin's price could surpass $110,000.
There is speculation that Bitcoin's price could soon surpass $110,000.
On-chain analysis platform Santiment stated on its official X account on the 22nd, "As is often the case in the crypto market driven by speculative sentiment, FOMO (Fear of Missing Out) appears before price rises."
Santiment emphasized, "A few hours ago, when Bitcoin hit an all-time high, there was an explosive surge in positive reactions." It added, "This has increased the possibility of a short-term correction, but if greed subsides quickly, there is a sufficient possibility for (Bitcoin's price) to surpass $110,000."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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