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25.05.202015:38 Forex Analysis & Reviews: BTC analysis for May 25,.2020 - Downcycle in progress. Downward target set at $8.140

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Corona virus summary:

The volume of Bitcoin (BTC) tweets is on the rise once again pointing to a strengthening of bullish expectations among traders.

Tweeting on Monday, analyst Zack Voell highlighted the significant surge in Bitcoin Twitter mentions over the past few months. In the past, social media metrics such as tweet volume or comments on platforms like Reddit have indicated the emergence of bullish sentiments among traders.

Anyway, I cant see technicly any sings of the upside and there is good condiiton for further downside.

Technical analysis:

BTC has been trading downwards as I expected. The price is heading towards our second target from Friday at the level of $8,137. I still see further downside movement.

Trading recommendation:

Watch for selling opportunities on the rallies targets at $8,137 and $7,785.

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