12 Dec 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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