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.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.