Bitcoin Nears $100K, Enters “Euphoria Zone” as Bullish Sentiment Peaks

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The story "Bitcoin Nears $100K, Enters “Euphoria Zone” as Bullish Sentiment Peaks" was covered 1 weeks ago by BitcoinWorld, a news publisher based in India.

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BitcoinWorld 1w ago

Bitcoin Nears $100K, Enters “Euphoria Zone” as Bullish Sentiment Peaks - BitcoinWorld

Quick Summary:

Bitcoin Nears $100K, Enters "Euphoria Zone” as Bullish Sentiment Peaks Bitcoin is rapidly advancing toward the $100,000 milestone, with prices currently approaching $90,000 amid what analysts call the "Euphoria Zone” in Bitcoin’s market cycle.

According to crypto analyst James Check, this stage, often marked by accelerated price gains, occurs when long-term holders remain steadfast, anticipating even higher prices.

Market Correction Risks: Past cycles show that prices can correct sharply after entering the Euphoria Zone, as overly bullish sentiment can lead to overbought conditions.