CoinNess Analysis: $138 Bln BTC Volume Forecasts Ceiling, Price May Dip Soon

in #coinness • 5 years ago

Citing Jins, an in-house analyst at CoinNess, as the BTC trading volume soars up, turnover rate is likely to chime in with the momentum, accompanied by the price climbing up a cliff. The broad market started its recent uptrend when the volume began to look up.

At 20:30 UTC on June 26, as BTC retraced about 15%, its trading volume hit a record high at $138 billion. The sky-high volume can be interpreted as an omen for the upcoming bull-to-bear change, especially after a pull-up. Both bulls and bears shall remain wary of the possible plunge.

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5 years ago in #coinness by
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