Cryptocurrency
These Macro Volume Clusters Suggest the Bitcoin Bottom is In
As read on NewsBTC, “Bitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls. “One analyst is now noting that the large clusters of volume that have occurred in tandem […]
As read on NewsBTC, “Bitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls.
“One analyst is now noting that the large clusters of volume that have occurred in tandem with Bitcoin’s previous capitulatory declines seems to indicate that it has established its March 12th lows as a long-term bottom.
“If history rhymes, this means that a parabolic uptrend could be imminent.
“Bitcoin’s recent jaunt below $6,800 sent shivers down the spines of some investors, as its swift rejection at $7,200 coupled with its break below this support seemed to be an overtly bearish sign.