The volume profile compared to 2014/2015 is absolutely terrible. When the last bull market started it was on increasing green volume with a huge green spike to kick it off. This move has been the total opposite. Plus with such a huge gap to fill (from the 6k to 3k drop), it is only natural that the market corrected. I fully expect one more lower low, however if this is the bottom the a retest of the 3100-3300 area is sure to be seen.
the volume is much higher than 2015. the volum,e in your chart is the amount of bitcoins and not dollar. in 2015 you bought 20btc for the same price like now. and you have to look the voluzme overall and not only bitstamp. since 2015 we have much more exchanges and diffrent stuff to own bitcoin
the real volume is much higher now
@mkkay, thanks I was about to state the same thing. Fucking people dont know shit from applesauce anymore and its scary because they just spew it out and people feed. Thank you for having a fucking brain and using it.
ENIGMA1440
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Because BTC Volume is measured in BTC not USD.. Coins traded VS. Dollar Amount! Do the math we are trading at 20x the dollar amont.
TradingShot
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Indeed. Without it it can't be sustainable and that is I also believe we have an incoming pull back.
Alteroc
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Can't agree more. Volume is critical for sustained growth.
pkb6698
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I think the current is similar to the bottom of 2015.
the real volume is much higher now