The accumulation area is characterized by mostly sideways price motion and is seen by investors as indicating a potential buying opportunity. An asset in an accumulation area might be about to breakout.
We have been having a sideways market since November 2018 until the end of March. This sideways market has shown a higher average volume than during the downtrend. A price ranging together with higher volume, most of the times, that the price might be accumulating volume of demand until a point that the price spikes up and continue growing.
As we can see in the chart, there was an accumulation before the huge bull run of 2017. Now, it is taking place again. Whether it will take BTC up to $20,000 nobody is certain about it, but there are a lof of possibilities that the price will keep growing!
The Copilot
We have been having a sideways market since November 2018 until the end of March. This sideways market has shown a higher average volume than during the downtrend. A price ranging together with higher volume, most of the times, that the price might be accumulating volume of demand until a point that the price spikes up and continue growing.
As we can see in the chart, there was an accumulation before the huge bull run of 2017. Now, it is taking place again. Whether it will take BTC up to $20,000 nobody is certain about it, but there are a lof of possibilities that the price will keep growing!
The Copilot