Crypto News Flash #264: Despite Bear Market, Google Trends Shows Higher Interest In Last 6 Months
Although market is facing a Bearish market right now, some people are still searching for Bitcoin on the Internet. Well, Google Trends shows a higher interest in Bitcoin by people in last 6 months. It is equivalent to the interest of April 2018 when its price declined from $10,000 to $7000.
Where market is declining with high pressure, people are again searching for Bitcoin. May be they're searching for their portfolios and getting to know the overall market conditions, but still interest is getting higher.
If we talk about Bitcoin, no doubt we have broken $4000 support yet again with volume, confirming the breakdown and with no follow up. This lead to the panic selling in the market as people are selling their Bitcoin or crypto so that they won't have to sell at the bottom. Basically, they're capitulating.
On the higher note, Bitcoin, if it starts rising up, has to pass resistance of $4000 before coming to at least $4500 where again a Bearish reversal is expected.
On the lower note, Bitcoin might still fall to the lower $3000 level pretty much as the Bearish pressure is very high right now,
Thanks for reading ..!!
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