Can Bitcoin Continue Rally? Rising Volume May Hint So
On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally. Bitcoin Trading Volume Has Registered A Large Boost Recently According to data from the on-chain analytics firm Santiment, BTC continues to see high volumes. The “trading volume” here refers to measuring the daily total amount of a […]
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Bitcoin has recently seen a massive rally for the past two weekends, giving rise to an increase in trading volume. Following a long period of low prices in the market. The recent rally has reignited a number of things in the market. Now including the trading volume, as volumes bounce back to levels before the […]
The bitcoin price is still sliding into a new bullish pattern, but given recent activity, we should expect prices to stay around the same level for a while before major upward movements make their way into the market. According to indicators, as well as bullish consensus, prices are sliding into a new bullish pattern that could initially manifest itself as a fast rally to $820. However, after reaching $820, another congestion area would take hold, pushing prices sideways before they continue to move higher. The current lateral market brings a lot of false signals and the balance could....
Data shows Bitcoin trading volume has been on a decline recently, here is what it mean for the current BTC bull rally. Bitcoin Trading Volume Continues To Decline As per the latest report from Arcane Research, the 7-day average BTC trading volume has been on a decline this month. and is now close to $4 […]
Bitcoin price continued rising earlier today to print a high of $350. The buying volume of the market is rising as reflected by the market's volume depth graphs on bitfinex and bitstamp. It seems that bitcoin price will continue rising during the next few hours to test again the %23.6 retracement level at ($341) according to the Fibonacci retracement we plotted on our analysis on the 12th of November. Bullish Candlesticks on the 1 Hour Charts: By examining the 1 hour (BTC/USD) charts from Bitstamp (look at the below chart), plotting the Bollinger bands and executing the William's Alligator....
Bitcoin broke out of the $13,000 resistance level merely a week ago, which means those expecting Ethereum and altcoin prices to rise may have to wait a few months. Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally. This is causing the alternative cryptocurrency (altcoin) market to pullback, which has seen rising selling pressure and low buyer demand.On Oct. 30, researchers at Santiment pinpointed the growing volume and dominance of Bitcoin, while Chainlink (LINK), Ether (ETH) and Binance Coin (BNB) struggled. They wrote:“The dominance....