Bitcoin has relatively low volume that is slowly increasing, which could indicate an altseason is on the way

It seems weird to be talking about an altseason with so much blood in the streets.

Bitcoin has fallen some 50% from the recent all time highs and many altcoins have fallen even more.

However, now with the latest decline, bitcoin has been falling more than many of the top altcoins, something that many are taking notice of.

Along with that we are seeing a volume pattern that may indicate a major altseason could be on the way.

The last time we saw relatively low and increasing bitcoin volume, was right before we saw a major move up and a major altseason.

Check it out:

(Source: https://twitter.com/BTCfuel/status/1500126463651110914/photo/1)

Personally I don't give this setup/pattern too much credence, but the setup is there.

Part of the selling may be due to institutions and algos controlling bitcoin now, and they are pegging it to tech stocks.

When tech stocks sell off, they sell bitcoin even harder.

That correlation never used to exist and it's been a hard one for bitcoin to break for than a short period of time lately.

It will be interesting to see what happens if bitcoin bounces...