Bitcoin's Bounce Brings Back Bravado!

🤑 As crypto has bounced nicely in the second half of March, traders have swung the pendulum back toward mild greed. After showing major fear in late February and early March following two stints of Bitcoin dipping as low as $78K, it appears that this rebound to$88.5K has brought back a dose of optimism to retail traders.

In red, we see mentions of $BTC price predictions across social media ranging between$100K all the way up to $159K. And in tan, we see$BTC predictions from $10K up to$69K. The crowd notoriously gets their predictions WRONG, meaning isolated spikes toward higher prices are a signal we are likely to drop... and isolated spikes toward lower prices are a signal we are likely to rise.

Remember that cryptocurrency markets have ALWAYS historically moved the opposite direction of the crowd's expectations. When you see your timeline filled with "to the moon" or "lambo time", be cautious about upcoming prices. When you see "crypto is dead" or "bitcoin is a scam", this should be music to your ears. 🎶

Not financial advice. DYOR.