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Bitcoin – Why ‘Greed vs. Fear’ will be the trading decision to shape Q1
With the market caught between greed and fear, the next few days could be decisive.
As we enter the new year, it’s no secret that Bitcoin (BTC) has been on a rollercoaster ride, with two major crashes in less than a month. Despite this volatility, Bitcoin is holding firm above $90k, defying expectations and leaving many questioning the future trajectory of the cryptocurrency. As the market teeters on the edge of greed and fear, it’s crucial to understand that the decision made by traders and investors in the coming days will shape the direction of Q1.
Greed, the driving force behind strong rallies, is often fueled by FOMO (fear of missing out). However, given the recent market crashes, this sentiment could quickly turn into fear. The tension between these two emotions couldn’t be more real as investors face a critical crossroads: should they hold on to their Bitcoin investments and potentially miss out on further gains or cut their losses and exit the market?
A crucial factor in determining the direction of Q1’s trading is the upcoming Trump inauguration, which could spark a repeat of the Q4 rally that saw Bitcoin surge to $108k. This development has many speculating about the potential for yet another price increase. On the other hand, with inflation sitting at 2.7%, higher than the Fed’s target rate of 2%, it is likely that the central bank will stay hawkish and potentially trigger a market pullback.
It is essential to consider this crucial information when making trading decisions in the coming days.
Source: ambcrypto.com
