Market sentiment dissociates from Bitcoin price

• As Bitcoin’s average price is in its mid-range, sentiment plummets and returns to the fear zone.
• The crypto market points to lower levels in the short term.
• The consolidation of the current price levels can be extended until the middle of June.

The volatility of the crypto market is falling again after the weekend’s bearish episode. 

The upward window of opportunity seen last week has closed.

The main moving averages are tilting downwards and forecast in that direction until mid-June. 

During 2018 and 2019, the crypto market has already demonstrated its capacity to exhaust the patience of investors, and it seems that it will now put this strategy back into play.

Source: alternative.me

The market sentiment level is shifting towards pessimism, rapidly falling into fear despite the lack of clear price justification. 

The average price of BTC/USD over the last 21 days is $9287, about 50% of the historical high, therefore a neutral range. Contrary to…