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Big move brewing for Bitcoin as trading volume drops in December

From cointelegraph.com

While Bitcoin (BTC) has seen a parabolic rally since September, the momentum has stagnated as with BTC/USD unable to break through the all-time high region. This BTC price level below $20,000 has been accompanied by diminishing volatility and volume, making it increasingly difficult to predict the direction of the next move. Let's take a look at the crucial levels where volatility could be expected on the lower timeframes. The lower timeframe charts show an apparent range-bound construction that has led the volume and volatility to subside. The establishes ranges are now $19,400-19,600 and $18,400-18,600. The ... (full story)

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  • Category: Technical Analysis