Bitcoin Historical Volume Check
There's been very low volume during this most recent sprint towards ATH for Bitcoin. This is a classic warning sign to trade with caution and implies volatility. Traders should note the recent restrictions China has placed on Bitcoin and the affect the country has on mining (it's huge).
China has a long history of currency manipulation and one should not discount the possibility that these current Bitcoin events are just another avenue for communist sham.
Is this a simple supply & demand run on Bitcoin due to the most recent China legislation? What happens if China reverses course or if other countries follow its lead?
Caution.
China has a long history of currency manipulation and one should not discount the possibility that these current Bitcoin events are just another avenue for communist sham.
Is this a simple supply & demand run on Bitcoin due to the most recent China legislation? What happens if China reverses course or if other countries follow its lead?
Caution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.