RATE Group | Lack of High-Volume Bitcoin Reversal Indicates Uptrend Will Resume
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Lack of High-Volume Bitcoin Reversal Indicates Uptrend Will Resume

18 Feb Lack of High-Volume Bitcoin Reversal Indicates Uptrend Will Resume

Posted at 16:41h in Bitcoin News by

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Bitcoin price may be trading at the lowest level its done so over the last two weeks, but the recent rally and 2020 uptrend is far from over, according to a top crypto industry analyst.

A clear lack of volume and reversal candle suggests that the uptrend will resume after a short-lived correction, and eventually trend higher and set a new yearly high.

Analyst: No Volume on Current Bitcoin Top, Reversal Unlikely

Following another six months of downtrend starting in mid-2019, Bitcoin price escaped from the clutches of bearish traders and went on a powerful bull run beginning on around December 17, 2019.

Since then, the asset and the rest of the altcoins across the crypto market have been on a steady upward trajectory, and up until recently showed no signs of slowing down.

But the latest correction is nothing but a little bump in the road, according to one respected crypto analyst, who believes the Bitcoin. uptrend will resume very soon.

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