Bitcoin pullback or reversal? Inquiring minds want to know!
Compare volume bars during the multi week downtrend on the left, with those on the right. In 2022 (left) the volume is increasing as expected during a strong downtrend. We don't see that on the right so something is different. Could be the new ETFs or the economy.
It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before continuing higher. This can change at any moment but(over the past 4 weeks) has not changed yet.
I find the same pattern with:
It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before continuing higher. This can change at any moment but(over the past 4 weeks) has not changed yet.
I find the same pattern with:
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