Bitcoin Price Analysis: New Low on Low Volume

in bitcoin •  6 years ago 

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Although the market seems to be continuing its drift to new lows with greater and greater ease
omething to note about this bearish close is the lack of volume and lack of momentum
Overall, the volume is continuing to consolidate and it appears to be within
we would expect to see a stronger round of selling taking place
volume as the market continues to push lower.
new low and realize a continuation of the downtrend, we can expect to see a fairly violent movenew low and realize a continuation of the downtrend, we can expect to see a fairly violent move
strong round of buying and has many bullish investors already calling for a bottom
omething traders/investors should consider as a point of interest

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