Quote from: samcrypto on June 23, 2020, 11:59:03 PM

Quote from: DrBitcoin on June 23, 2020, 11:07:08 PM

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 volume to be seen. If bitcoin spikes again the volume will start to show, just buy while the volume is still low because we are still waiting for bull to come again.

Indeed bullrun is worth waiting to come, but what's making the hard thing that's making it harder to come nowadays was due to covid-19. Most traders we're not able to plan their moves towards crypto because of this underlying problems. It really has affected many businesses particular on fiat exchange, how much worst with cryptocurrency. That's why I am sighting it as primary reasons why the price wasn't able to spike commendably.