Crypto Industry News:
Even the most popular terms like guns, Chuck Norris, health insurance and politics did not make it to the top 10 of the list of actual search terms in the US.
Bitcoin remains the most searched term by Americans. This is definitely an optimistic forecast when it comes to the course and quotes of the king of cryptocurrencies. High interest will be the basis of the FOMO movement in the future in the craziest phase of the bull market. Because, as always, someone with the Bitcoins purchased at the top will stay.
A comparison of search volumes based on Ahrefs data reveals that Americans are most curious about Bitcoin. And Nevada ranks 1st as the "Bitcoin craziest state" in the United States. Despite former US President Donald Trump's regular headlines, he is only the second most searched term in America. Other popular terms lined up after Bitcoin and Donald Trump include:
- the latest news,
-Elvis Presley,
- Disneyworld.
Previously popular terms like guns, Chuck Norris, health insurance and politics didn't even make the top ten on the list.
Technical Market Outlook:
The ETH/USD pair has been seen testing the last swing high located at $1,940. In a case of a breakout higher, the next target for bulls is seen at the level of $2,000. The strong and positive momentum on the H4 time frame chart support the short-term bullish outlook for Bitcoin, however, the current market conditions are extremely overbought. The level of $1,858, $1,845 and $1,832 will now act as the support for bulls, so please pay attention to this level during the local pull-back.
Weekly Pivot Points:
WR3 - $2,078
WR2 - $1,988
WR1 - $1,955
Weekly Pivot - $1,898
WS1 - $1,862
WS2 - $1,809
WS3 - $1,719
Trading Outlook:
The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.
