Well-known trader Peter Brandt shared his opinion on Twitter about the factors that will make Bitcoin price up. According to him, the leading cryptocurrency will see a price increase in the case of all the FOMO buyers who had laser eyes on Twitter take their losses.
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$BTC will go higher once all the FOMO buyers who had laser eyes on Twitter take their losses
— Peter Brandt (@PeterLBrandt) March 1, 2021
FOMO is a popular phrase in crypto. It stands for fear of missing out and influences trading actions a lot.
In his tweet, Peter Brandt touches on the #LaserRayUntil100K challenge. The movement is going on on Twitter. It suggests participants add the Laser Eyes effect to their Twitter profile pictures without removing them until Bitcoin hits $100,000.
The trend began on February 16, when a user @CHAIRFORCE_BTC altered their profile picture by giving it Laser Eyes, tweeting the #LaserRayUntil100K hashtag. Many people joined the challenge afterwards.
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At the moment Bitcoin trades at above $47.300 with a 60.8% market dominance.