'Bitcoin is dead' searches hit highest since 2022 as CZ calls it a buying opportunity
- —Google Trends shows 'Bitcoin is dead' searches at their highest since November 2022
- —CZ says extreme negative sentiment has historically marked the best BTC entry points
- —BTC slid to $79,220 as US-Iran tensions escalated, with $841 million liquidated in 24 hours
- —Bitcoin trades below its 50-day moving average after US inflation topped forecasts
Why it matters: The spike in pessimism and CZ's remarks may hint at a local bottom, but BTC's position below its 50-day average keeps the risk of further volatility alive.
Source: ZyCrypto