Report: In the bull market, holidays may drive BTC prices up and trigger FOMO sentiment

A new report from the SFOX, a cryptanalysis website, shows that Bitcoin (BTC) may rise on US Independence Day (July 4). SFOX analyzed the possible impact of the holiday in the bull market and thought the holiday would trigger new FOMO sentiment. The report said: "Thanksgiving Bitcoin in 2017 started to rise from a low of 8,000 US dollars and reached a peak of nearly 20,000 US dollars on December 17. In February 2019, it coincided with China's two-week Spring Festival holiday, Bitcoin It has risen by 14%." SFOX noted that holiday-driven price volatility seems to be supported by Google Trends data.