BTC - Media Attention

30 בספט׳ 2021

Hello traders, I thought to look at the macro charts from a different perspective today and that is how the media attention correlates with the growth of the market cycle. Focusing, on the last market cycle we can see a clear increase in the search term for BTC peaking at 100 around the time of the market top which we can recall. During the bear market there was a decrease in search frequency and also media attention. Upon a trend reversal and beginning this bull market we can see a clear increase in Bitcoin interest. Now, this is why I think we are not yet at the top of this cycle. As explained by the market cycle chart, a growth in media attention will lead to an eventual blow off top. We have seen this trend repeat for all previous cycles. The current value BTC stands with Google trend search is at 32. I expect in Q4 2021 or leading into 2022 we will see this value increase more and more before surpassing 2017 search frequency. When the BTC value surpasses 90 This market cycle it might be worth considering a market top could be close. Another thing to consider and which gives me confidence that this current state of the market is in a bear trap is because this is one whole accumulation stage and there is a lot of evidence that institutional money continues to accumulate BTC in this region. Retail will FOMO later and lead the second leg of this bull run.