Currencies33641
Market Cap$ 3.60T-0.32%
24h Spot Volume$ 74.12B-1.52%
DominanceBTC60.04%-0.40%ETH9.43%+1.89%
ETH Gas2.04 Gwei
Cryptorank
MainNewsBitcoin’s Lo...

Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe


by CoinEdition
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 the article at CoinEdition

Read More

Bitcoin to $1M? – Michael Saylor dismisses crypto winter claims

Bitcoin to $1M? – Michael Saylor dismisses crypto winter claims

Michael Saylor predicts Bitcoin's rise to $1M, citing institutional interest and supp...
Bitcoin-Backed Stock $STRD Debuts on Nasdaq Today

Bitcoin-Backed Stock $STRD Debuts on Nasdaq Today

Detail: https://coincu.com/342742-bitcoin-backed-strd-nasdaq-launch/
MainNewsBitcoin’s Lo...

Bitcoin’s Low Volume Signals Potential Rally In Lower Timeframe


by CoinEdition
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 the article at CoinEdition

Read More

Bitcoin to $1M? – Michael Saylor dismisses crypto winter claims

Bitcoin to $1M? – Michael Saylor dismisses crypto winter claims

Michael Saylor predicts Bitcoin's rise to $1M, citing institutional interest and supp...
Bitcoin-Backed Stock $STRD Debuts on Nasdaq Today

Bitcoin-Backed Stock $STRD Debuts on Nasdaq Today

Detail: https://coincu.com/342742-bitcoin-backed-strd-nasdaq-launch/