Post
Topic
Board Trading Discussion
Re: Bitcoin trading velocity constantly rising since December.
by
jonatuzc
on 12/03/2019, 19:07:39 UTC
In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion but I'm pretty sure if the momentum keeps on going like this, that would likely never happens.
Rise in the trading volume has lots of positive effects on the Bitcoin. It is something that give rise to a rise in the market value. It also helps motivates the investors as well and thereby leading to a rise in the market capitalization of the coin.

So in my opinion, rise in the trading volume will not let Bitcoin’s price fall so low because history is evident that every rise in the trading volume has been instrumental in giving rise to high prices.