On the chart is compared the period before the spike to the upside reaching all time high from Nov 24 - Nov 28 2017, example for stable volume of trades, and Mar 18 - Mar 21 2018 where we see declining volume as the price goes up. This shows us at the moment investors interest in buying is very low above 9000, and my indicate that Bitcoin is prepared to dip once again. Let us monitor how this develops, and if there will be any impact on volatility FOMC today 19.00 GMT+1.
Comment:
Price now at support 8300/8250, when these levels don't hold, price will stretch decline to around 7700, will see then if buyers emerge, for now, negative volume, thou it declining as we re heading towards the support levels.
The Trade Academy R&D Team