When will BTC stop bouncing?

The word "Bounce" remains on top of social gainers for a quite some time.

(Latest related insight - https://app.santiment.net/insights/read/talk-of-%22dead-cat-bounce%22-538)

"Bounce" itself is still often used in phrase "Dead cat bounce".

Dead cat bounce means a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. It's a small, short-lived recovery. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough.

Courtesy of The Washington Post

Historically it's not the first time this phrase is topping for sure. Just one interesting moment: "dead cat bounce" always topped after the price top. On June 26th we had this pattern broken for the first time - "dead cat bounce" coincided perfectly with price top:

Moods map:

News articles titles:

Thanks for reading!

If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!


Conversations (0)

No comments yet
Be the first to comment