1
Bitcoin price is testing the 200-EMA level in the four-hour timeframe.
2
BTC price is down by almost 5.22% this week showing weakness in the price.
Bitcoin (BTC) price is facing weakness in the recent trading sessions down by almost 5% this week showing the profit booking in the king crypto. However, in the shorter time frame, it is taking support on the key EMA level.
Bitcoin Price vs Volume Analysis
As per the santiment graph of price and volume, the trading volume has dropped from $102.19 Billion to $30.91 Billion since the start of March, and the price has also dropped with trading volume. The trading volume has dropped more than 50% in a week and the price has also declined. If the trading volume keeps falling then it may leave a negative impact on the price.
Bitcoin Social Dominance vs Social Volume Analysis
The social dominance and social volume santiment charts have declined for the last few months which means the awareness and
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