The Google Trend Momentum Check Points to Next Launchpad for Bitcoin

This weekly view of Google Trends for Bitcoin shows a steady uptrend featuring higher highs and higher lows since Bitcoin broke out in April.

Bitcoin (BTC/USD) made a major peak on June 26th. Since then, the cryptocurrency has pivoted around its 50-day moving average (DMA). Three breakdowns of that line of support have been met with buyers which suggests to me that Bitcoin is consolidating a launchpad for imminently higher prices. The Google Trend Momentum Check (GTMC) supports my … Read more