Currencies33659
Market Cap$ 3.56T-2.44%
24h Spot Volume$ 68.57B-2.85%
DominanceBTC60.14%+0.23%ETH9.39%-0.25%
ETH Gas4.65 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

GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?

GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?

After the U.S. Senate pushed the GENIUS Act closer to becoming law, this groundbreaki...
GameStop plummeted by 19% on Bitcoin buy plan

GameStop plummeted by 19% on Bitcoin buy plan

GameStop shares got destroyed Thursday after the company said it wants to raise $1.75...
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

GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?

GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?

After the U.S. Senate pushed the GENIUS Act closer to becoming law, this groundbreaki...
GameStop plummeted by 19% on Bitcoin buy plan

GameStop plummeted by 19% on Bitcoin buy plan

GameStop shares got destroyed Thursday after the company said it wants to raise $1.75...