The last time the index rose from extreme lows was in July, which preceded a price rally. This time, however, the rise in BTC occurred on low trading volume, which indicates weak buying power. That could point to a short-term pullback or range-bound price action, especially as regulatory and macroeconomic headwinds remain.
Related posts
-
WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry
WhiteBIT crypto exchange is celebrating six years of rapid growth, solidifying its position among the leaders... -
President Trump’s Media Company Reportedly Targets Bold All-Share Takeover of Crypto Exchange
President Trump’s Trump Media and Technology Group (TMTG) is... -
Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is...