2018-7-16 19:39 |
At press time, BTC is changing hands at a six-day high of $6,600 on Bitfinex – up 3.44 percent on the day.
For instance, prices rose above $6,300 on Saturday, but trading volumes fell to $2.92 billion, the lowest level since November 7, according to CoinMarketCap.
However, the solid move above the 20-day moving average (MA) resistance of $6,400 seen today is backed by a pick-up in trading volume.
As of writing, 24-hour trading volume stands at $4.64 billion – up more than 50 percent from the 36-week lows seen on Saturday.
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BTC’s corrective rally has gathered pace and prices could rise to $6,838 (neckline resistance) in the next day or two.
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