To CRASH or not to CRASH, that is the question for Bitcoin

10 במאי 2022

The trend for the Bitcoin is clear, not only based on our quantitative analysis shown in the trend dashboard, but also in the sentiment and google trends, where the interest for this term is dropping to a minimum. Price reached the 1st attractor (red box) and the 1st confluence area between 36K to 28K, with a divergence between MACD and FDI. The last one is not highlighting trend while MACD yes, and this can be understood as exhaustion. If the negative sentiment keep pushing the cryptocurrency to new lows, price will move to the 2nd attractor, between 17K to 3K.