Bitcoin’s price has been on a rollercoaster throughout the past few days but it appears that, at least for now, the bulls have the upper hand.
They were successful in reclaiming the important technical and psychological level of $60K and are currently attempting to push BTC above $61,000.
Source: TradingView
However, we are headed for the weekend, when the price action is typically rather different due to a number of factors, such as a lack of volume.
With this in mind, let’s look at the three things you need to look out for during the weekend that may have an impact on Bitcoin’s price performance.
Trading Volume and How It Impacts Volatility
Typically, more volatility is associated with more trading volume. However, it’s also worth noting that trading volume can be a reactionary metric—a function of volatility. In other words, traders react to market changes. If there’s a sudden movement in either direction, they open the respective batch of orders to protect or capitalize
We współpracy z: https://cryptopotato.com/3-things-to-watch-in-bitcoin-during-the-weekend/
