🔥INCREDIBLE🔥
💥We have NEGATIVE fundamentals BUT THIS INDICATES THE COMPLETE OPPOSITE for #Bitcoin
-Let's see what it's about:
👉The SENTIMENT of #Bitcoin is at EXTREMELY LOW levels and indicates PANIC
▪️As seen in the chart, the last times we had this sentiment was at the BOTTOM of the market
👉On the other hand, BTC is holding ABOVE its 50-period weekly moving average, even using it as a FLOOR
▪️The last 4 times this moving average broke downwards, we had a BEAR MARKET, something that is NOT being seen today
👉$BTC has been FALLING -10% since the beginning of the year, while gold has been RISING 20%.
▪️ Bitcoin follows gold's RISES with an approximate DELAY of 100 days and that rise is MUCH stronger
👉The AMOUNT of MONEY available in the system and for INVESTING keeps GROWING
▪️The M2, an index that measures this, has a strong correlation with $BTC, in fact $BTC follows the M2 with a delay of 108 days