The Square is discussing “Bitcoin rebounds to $75,000, with chip stocks leading the gains” (66k views).
Discussion heat is only an indicator of attention. I look at three details:
· Is the discussion largely in agreement, or are opinions divided?
· Is the topic just getting started, or is it already everywhere?
· Has $BTC ’s volume expanded in tandem with its price?
When everyone agrees and the topic is everywhere, it often means the short-term move is near its limit. If people are still debating and it’s just getting started, there may be more momentum ahead.
$BTC is currently at 76034, up 0.54% over 24h. Worth keeping an eye on.
#BTC
Personal notes. Make your own trading decisions.
Discussion heat is only an indicator of attention. I look at three details:
· Is the discussion largely in agreement, or are opinions divided?
· Is the topic just getting started, or is it already everywhere?
· Has $BTC ’s volume expanded in tandem with its price?
When everyone agrees and the topic is everywhere, it often means the short-term move is near its limit. If people are still debating and it’s just getting started, there may be more momentum ahead.
$BTC is currently at 76034, up 0.54% over 24h. Worth keeping an eye on.
#BTC
Personal notes. Make your own trading decisions.