Tuesday, October 6, 2015

Bitcoin Price Analysis: Wash Trading & Rising Volume

"Bitcoin has been stuck in a very tight range (under US$20) since the beginning of September. While this column has commented for months on the lack of volume on any upside moves and how disappointing that is, this type of volume increase can be a self fulfilling prophecy. Volume generally precedes price and while it is only one factor, there are reasons to be bullish here. "
That's because I put it there. :/

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