BTC Price and Volume Trend

27 בדצמ׳ 2022

Hello, my Life with Crypto brothers and sisters. In this chart, I'm exploring the potential price movement of Bitcoin in the near term. As you can see, the BTC price reached an all-time high of $67,706 and began falling on November 11, 2021. It appears to have stopped falling on November 9, 2022, at $15,713. Looking at the volume trend lines, trading activity has fallen rapidly in the last month. This chart clearly shows there is less interest in trading BTC right now (at least on Coinbase). My humble opinion is that the price will continue moving sideways for the near term and will likely stay above the recent low on November 9, 2022. How long this sideways trend continues is unknown, but I am watching the charts closely.