Massive Trading Volume Suggests Possible Reversal as Bitcoin Surges

  • Alex Dovbnya
    📰 News


Massive Trading Volume Suggests Possible Reversal as Bitcoin Surges

Following an agonizing descent to $5,800 last night, Bitcoin has surged to $7,700 in less than 24 hours. Today’s trading volume is the highest since Dec. 21. In fact, all the way back to mid-September, there have only been four days with volume this high. Since volume confirms price, it means this surge could in fact be the real thing rather than just a temporary bounce.

Cover image via u.today
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