'Everyone I Know Wants to Buy in October,' Analyst Warns: Why Is That a Red Flag for Bitcoin?
Bitcoin could bottom near $54,000 before October as tokenization and the Clarity Act threaten to front-run four-year cycle buyers.
When almost everyone agrees they want to buy something at the same time, it can be a warning sign that the price might not go as low as they expect. Smart investors watch for when crowds all think the same way, because markets often surprise people who aren't expecting it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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