BTC at low volume.

By Biznes-Broker | Cryptocurrency markets analysis | 8 Feb 2021

BitCoin

BTC H1. It is not unusual for BitCoin to slow down. Everyone expected such strong moves as in 2017. But in this case, many institutions mean that the price does not fly like a madman. We are currently seeing a rebound from the designated trend line, which is also a support at the price level of 37700. I am only worried about the trading volume which is a bit too low. If the price goes back and the volume rises at the same time, you should watch out for deeper correction. Currently, we have a positive impulse for further increases, but you need to have your finger on the trigger to react in a timely manner.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Cryptocurrency markets analysis

Subjective view of the cryptocurrency market. Analyzes made on the basis of technical analysis used in financial markets. All analyzes are my view of the market. It is not recommended to make commercial decisions based on the information provided. You can check all my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/