Bitcoin Cycle And Sentiment Analysis

7 Jul 2022

Hey guys,

Hope all is well. Bitcoin is still trying to find a support, but I think that whenever the price and time of two pullbacks are similar then we should pay a closer attention to it, because most likely the sentiment is also very similar compared to the previous cycle. However, confirmation that we are back in uptrend would be above 33k.

Also, lets not forget on the FED; if US jobs data will be bad through the summer then they may slow down with their current hawkish policy and this could be support for stocks. In such case, I would watch the AMD stock where a bounce from 70/75 area may have a positive impact for cryptos as well.

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