The post Bitcoin Price Gears Up For ‘Shakeout’ Phase: Key Levels, Process and Aftermath Explained appeared first on Coinpedia Fintech News
A critical phase in Bitcoin’s price movement is on the horizon. On Crypto Banter’s The Sniper Trading Show, the analyst warned of a “shakeout” phase following a period of side capitulation. He said that this phase is characterized by increased volatility and price fluctuations.
What Happens During a Price Dump?
When Bitcoin experiences a major drop, such as the recent pullback, we often see an initial spike in trading volume. This spike means heightened activity as traders react to the price movement. However, as the market settles into a sideways trend, trading volume typically begins to taper off.
Initial Volume Spike: After a dump, we observe a volume increase as traders enter the market, either to capitalize on lower prices or to exit positions.
Volume Decline: Following this spike, the volume tends to decrease during si
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