Bitcoin volume is extremely low right now. It’s still higher than the 2017 bull run but way down from March 2020 highs (im assuming that was the RONA Crash of 2020?)
What effect does this low volume have on price? I understand what it really does is allow bigger swings to happen as less money is needed to move the market.
I’m curious if anyone can give me some insight?
There might be a low volume of trades right now but every time bitcoin dumps, that’s the volume started to show and that’s why the price is still up because of a great support level. We are moving a sideways trend so technically, there’s no huge