Bitcoin
Panjang

Bitcoin pullback or reversal? Inquiring minds want to know!

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Compare volume bars during the multi week downtrend on the left, with those on the right. In 2022 (left) the volume is increasing as expected during a strong downtrend. We don't see that on the right so something is different. Could be the new ETFs or the economy.

It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before continuing higher. This can change at any moment but(over the past 4 weeks) has not changed yet.

I find the same pattern with:
  • Multiple exchanges
  • ETHUSD too.
  • Market Cap for BTC and ETH: TOTAL-TOTAL3

Penafian

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