Monday, May 20, 2019
Very fast recovery and overall good sentiment surrounding Bitcoin.
Actual support/resistance: $8'000/$8'200
The prices started the day with a strong recovery, getting back to the prices before the long squeeze. This absorption on of the $13 billion decline in the market capitalisation shows a very good sentiment and interest on Bitcoin. It may be enough to push the frontier of $8'000. However, lower volumes have been observed, which can simply be a consequence of the weekend.
Furthermore, the google trends also show a high level of interest with 20% search compared to all-time maximum.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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