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Strong Bitcoin Volumes Bode Well for Price Breakout
Bitcoin’s current period of price consolidation may end with a bull breakout, price-volume analysis indicates. While the cryptomarket leader is lacking a clear directional bias for the tenth straight day, 24-hour trading volume remains elevated near the 10-month high of $10.75 billion seen on Feb. 24, contradicting the popular theory that investor interest drops in a rangebound market. As a result, the pullback from recent highs near $4,200 appears likely to be nothing more than a bull breather and BTC could soon draw bids. Validating that argument is the fact that the recovery rally from the lows near $3,400 seen ... (full story)