This Volume Trend Suggests Bitcoin is About to See Massive Volatility

Bitcoin’s recent uptrend appears to be far more than just a fleeting relief rally, as data suggests that it has been driven primarily by retail investors as margin traders flee the market due to the mass liquidations resulting from recent volatility. This coincides with an interesting trend seen while looking towards the cryptocurrency’s daily volume, with the spike seen here potentially pointing to underlying strength behind the crypto’s recent price movement. BTC’s 7-day volatility is also beginning to enter an uptrend following a prolonged period of decline– suggesting that the crypto could be poised to see further upside in the days and weeks ahead.

Bitcoin Pushes Past $9,000 as Volume Rockets

At the time of writing, Bitcoin is trading up over 2.5% at its current price of $9,000. The benchmark cryptocurrency is currently in the process of surmounting this previously strong resistance region, and a sustained break above it could lead it to see some immense momentum. Read More...

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