FIL/BTC just posted a massive volume spike after a prolonged downtrend, indicating a potential shift in the supply-demand balance. With trading activity at its highest in recent weeks, the pair could be gearing up for a strong rebound if bullish momentum holds. Keep an eye on whether price can stay above key moving averages and previous resistance levels—if so, it may confirm a trend reversal and pave the way for further upside. Stay cautious, though; sudden surges sometimes trigger rapid profit-taking before the real rally begins.
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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.