Bitcoin Trading Volume Continues To Remain At Low Levels

Data shows the Bitcoin trading volume has continued to remain at unusually low values recently as market activity remains muted. Bitcoin 7-Day Average Spot Trading Volume Stays Below $4 Billion This Week As per the latest weekly report from Arcane Research, the BTC trading volume did observe a slight increase in the past week, but […]

Bitcoin’s seven-day average trading volumes have continued to remain low, as the seven-day average trading volumes only reaching $3 billion. This comes on the heels of the digital asset seeing declining volatility in the market. The bitcoin trading market had seen a marked shift in trends as the average trading volumes remain at yearly lows. This trend follows the trend seen in trading volumes from last summer. Bitcoin volume had also remained low last summer, and this summer so far has followed the same trend. Bitcoin trading volumes had seen a small recovery after a dip in June....

Last week’s article stated: Well the sharp move came, and instead of rejecting resistance the price shot sharply above it to a high of around US$273. The RSI did get overbought and price sharply snapped back. It is now consolidating above the 200 day EMA, which it broke above in the latest rally. OBV continues to remain at elevated levels (see chart below), in fact it hasn’t been this high since October of 2014 when price was above US$440. A lot of this volume still appears to be wash trading, however as volume has picked up so has the price. The big problem here is that price is not....

Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]

BTC price at press time: US$276. Last week’s price alert began with: “The RSI became overbought and it now correcting that condition. The price is testing support levels now and needs to hold. Nevertheless, RSI is on a buy signal. Right now, 50-55 looks like the support area in RSI. The Money Flow Index is also on a buy signal and in bullish territory. OBV has begun picking up slightly but is not convincing; it is not at the pace one would expect with the rise in price. It would be good to see volume confirm price. A line of resistance has been drawn through the OBV chart and it still has....