Many investors have likely started to invest in the bitcoin market out of FOMO, or fear of missing out, given that it has
sustained its upward momentum throughout the past few days.
Many analysts believed that a major correction is due, given that the Bitcoin price has
sustained upward momentum across various rallies without large sell - offs.
Many investors have likely started to invest in the bitcoin market out of FOMO, or fear of missing out, given that it has
sustained its upward momentum throughout the past few days.
The self -
sustaining upward momentum has not been established yet.
From mid March, as intervention was wound back, the yen rose for a time but it could not
sustain the upward momentum in April in the face of the broad - based rise of the US dollar following the stronger - than - expected US economic data.
While these claims could be true, but it is more likely that the support for Bitcoin's mid-term growth is allowing the market to
sustain an upward momentum.
Not exact matches
«Stats rolling in suggest that the
upward momentum in Canada's housing market is being
sustained and further, that a sharp slowdown is not imminent,» said Wright.
A «golden cross» has not yet occurred, with the 50 - day moving average still below the 200 - day, but such a move appears likely in the next few trading sessions if
upward momentum can be
sustained.