Bitcoin's on-chain volume is showing bullish signs
On-chain transaction volume is a valuable indicator for understanding the bullish or bearish momentum of 
BTC and can help spot reversals and break-outs.
In the red box (2020), we see a pattern of transaction volume reaching high levels as theBTC price broke out above previous highs.
Currently,BTC is experiencing a similar and significant breakout in transaction volume, while it is flirting with previous highs. This volume growth can be interpreted as a sign of confidence in the current break-out.
The most likely scenario is that volume will continue to grow as price breaks previous highs.
BTC and can help spot reversals and break-outs.In the red box (2020), we see a pattern of transaction volume reaching high levels as the
BTC price broke out above previous highs. Currently,
BTC is experiencing a similar and significant breakout in transaction volume, while it is flirting with previous highs. This volume growth can be interpreted as a sign of confidence in the current break-out. The most likely scenario is that volume will continue to grow as price breaks previous highs.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.