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RE: Bitcoin Trend / No. 517 / TA Show Superbull But Volume Is Ridiculous.
We also should take a diligent look at the entire crypto market cap. Unfortunately we dont see there a soaring. So we have a negative divergence. It seems that people are only going out of altcoins and into bitcoin. This can be seen as the reason for the low volume.
Yes, It is one of the reasons.
You are right.
But anyway, my point of view "The price will hit 11.791K followed by 12.8K, on the next days, the reason why I think, the trading volumes could recover ( the buyers will be in after 12.2K ).
I noticed this as well. My BTC goes up, my alts go down, portfolio stays the same... lol!!! Hedged perfectly I guess...