Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe
- Rapha Zagury has observed that BTC is stuck in a range.
- Historical data shows that low-volume periods for Bitcoin led to upside rallies.
- Bitcoin is hovering around an all-time high (ATH), making investors anxious.
Swan’s Chief Investment Officer (CIO) Rapha Zagury has observed that BTC is in a range. In a recent post on X, Zagury used Bitcoin’s low-volume state to analyze its situation and predict what could happen soon. Zagury revisited his analysis of the flagship cryptocurrency when it was in a similar situation.
In July 2020, Zagury showed that a low-volume period for Bitcoin led to an upside rally. He showed how Bitcoin rallied in 30 days following a month of significantly low trading volumes. For context, the renowned analyst considered a trading volume below 30% low for BTC.
The post Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe appeared first on Coin Edition.
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Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe
- Rapha Zagury has observed that BTC is stuck in a range.
- Historical data shows that low-volume periods for Bitcoin led to upside rallies.
- Bitcoin is hovering around an all-time high (ATH), making investors anxious.
Swan’s Chief Investment Officer (CIO) Rapha Zagury has observed that BTC is in a range. In a recent post on X, Zagury used Bitcoin’s low-volume state to analyze its situation and predict what could happen soon. Zagury revisited his analysis of the flagship cryptocurrency when it was in a similar situation.
In July 2020, Zagury showed that a low-volume period for Bitcoin led to an upside rally. He showed how Bitcoin rallied in 30 days following a month of significantly low trading volumes. For context, the renowned analyst considered a trading volume below 30% low for BTC.
The post Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe appeared first on Coin Edition.
Read More