Now That We're Back Above $60K, Watch Round Number Bitcoin Price Level Mention Spikes!
π Cryptocurrencies are on an impressive upswing following a groundbreaking US Fed decision to cut interest rates for the first time since March 15th, 2020. The
Not financial advice. DYOR.
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π Cryptocurrencies are on an impressive upswing following a groundbreaking US Fed decision to cut interest rates for the first time since March 15th, 2020.
The social expectations from the crowd will have a dramatic impact on where we go from here. With Bitcoin reaching as high as $62.2K today, watch as different price levels are speculated across social media. When we see:
π΅ 59K mention spikes: Crowd getting fearful, a bottom is more likely
π΄ 69K mention spikes: Crowd is neutral, ranging and unpredictability is more likely
π‘ 79K mention spikes: Crowd getting greedy, a top is more likely
We will see some short-term celebrating over BTC's cross back above $60K, but once prices go flat, the trend from the crowd will dictate which direction crypto's top asset (and altcoins) will go next. π
Not financial advice. DYOR.
