RATE Group | Some roads lead to the moon, hysteria to hell
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Some roads lead to the moon, hysteria to hell

Some roads lead to the moon, hysteria to hell

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  • The market goes into a non-logical mode and blurs the bullish route.
  • People turn their backs on the crypto market just when the industry is embracing it.
  • Technically, we are still waiting for a strong movement to shake up the current general atony.

The mood of the crypto market in these last hours moves between fear and depression, a journey that also involves stops at anxiety and doubt. 

According to a recent study, the number of Google searches on Bitcoin and Ethereum has plummeted and dropped more than 94% in the week. 

The crypto market has always been hyper-reactive to the price movements, with uncontrolled euphoria followed by disorderly panic, unreasoned hopes with senseless despair.

Now it is happening again, but from a trader’s point of view, it is powerfully striking that despite this intense pessimism floating in the atmosphere, prices remain more than 100% above the lows of a year ago.

There are also bearish arguments based on opposite

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