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21 January 2021

Recent Bitcoin Breakout Barely A Blip In Coinbase Volume, But What Does This Mean?

Recent Bitcoin Breakout Barely A Blip In Coinbase Volume, But What Does This Mean?


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Recent Bitcoin Breakout Barely A Blip In Coinbase Volume, But What Does This Mean?

What exactly does this mean, and is this a sign that interest isn’t quite here yet, or is an enormous breakout supported by volume just days away?

Bitcoin is trading at just under $20,000 for what feels like an eternity in crypto time.

Zooming out to the just the bear market and excluding most of 2020, when there’s a major trend change or breakout, it is accompanied by a sizable reading of trading volume.

But that typically is a dangerous situation if the volume doesn’t soon arrive.

Is that is what is playing out right now, or has the entry of institutions simply clouded things so much that it is now difficult to judge the market based on traditional technicals like volume or indicators, which seem to continuously fail when charting the cryptocurrency?

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