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.
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:
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