BTC broke through 104K dollars in the context of decreasing volatility and rising volume.
After months of turbulence, the chart clearly shows: Volatility ( Yellow Line ) has significantly decreased since April, volume ( Gray Bar ) remains at a consistently high level. The BTC price ( red and green line ) has surpassed 100,000 USD and stabilized at around 104K USD, which means: The decrease in volatility and strong volume indicate that market consensus is strengthening as a large investor prepares for further rise. This behavior is a typical 'consolidation after breakout' phase, usually occurring before the next rise. The market is not in panic, but rather stable. Market capitalization is close to its historical high, and a participant has not exited even at high prices. Conclusion: BTC remains strong. As long as volatility stays low and volume remains high, the bullish momentum will continue. #BTC #ETH
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BTC broke through 104K dollars in the context of decreasing volatility and rising volume.
After months of turbulence, the chart clearly shows:
Volatility ( Yellow Line ) has significantly decreased since April, volume ( Gray Bar ) remains at a consistently high level.
The BTC price ( red and green line ) has surpassed 100,000 USD and stabilized at around 104K USD, which means:
The decrease in volatility and strong volume indicate that market consensus is strengthening as a large investor prepares for further rise.
This behavior is a typical 'consolidation after breakout' phase, usually occurring before the next rise.
The market is not in panic, but rather stable.
Market capitalization is close to its historical high, and a participant has not exited even at high prices. Conclusion:
BTC remains strong. As long as volatility stays low and volume remains high, the bullish momentum will continue. #BTC #ETH