Bitcoin exchange rate has updated the another psychological above 6000 USD. I have repeatedly said that an important indicator of predicting the price of Bitcoin is the Google Search Volume Index.
Yesterday, another study on this topic was published. It says that with an increase in the number of Twitter posts that mentioned Bitcoin, as well as references to Google's search queries, when analyzing Google Trends and the Google Search Volume Index, the cryptocurrency rate comes to life after some time and begins to show growth. This indicates an influx of new players into the market, which is good news for investors who are betting on further growth.
Signal to buy Bitcoin (BTC):
Buyers confidently took the level of 6000 USD and are aimed at breaking the maximum of 6240, which will lead to an update of the levels of 6360 and 6440, where I recommend fixing the profits. In the case of a downward correction, support will be provided by the area of 6010, however, it is possible to open long positions immediately for a rebound in the area of 5777.
Signal to sell Bitcoin (BTC):
The formation of a false breakdown at a maximum of 6240 will be the first signal to sell Bitcoin with the aim of a support test of 6010, and an update of the minimum of 5777, where I recommend fixing the profits. With further growth in the trend, the resistance is located in the area of 6360 and 5430.
