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.
Get access to advanced on-chain analytics for hundreds of crypto assets on app.intotheblock.com/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.