16.05.201909:36 Forex Analysis & Reviews: Bitcoin. The number of bitcoin-related search queries continues to grow

The Bitcoin rate continues to "lick" the level of 8000 USD. In the meantime, the number of Bitcoin-related search queries continues to grow. This is indicated by the report of the analytical service Google Trends. Recently, after a sharp rise in the rate of Bitcoin, the number of search queries related to Bitcoin has increased significantly, making it more attractive for investment.

Signal to buy Bitcoin (BTC):

Bitcoin continues to trade in the area of 8000 USD, retaining its upward potential. The next target for buyers will be the breakdown of the maximum of 8160, which was not possible yesterday. Only after that, you can count on updating the levels of 8450 and 8700, where I recommend fixing the profits. With the downward correction scenario, the area will be supported by 7600, however, it is possible to buy Bitcoin immediately to rebound around 7200.

Signal to sell Bitcoin (BTC):

Only the repeated formation of a false breakdown at a maximum of 8160 will be the first signal for the sale of Bitcoin in order to reduce to the lower border of 7600 and update the larger support area of 7200, where I recommend fixing the profits. With further growth in the trend, it is best to consider selling a rebound from a maximum of 8500.