bullish

Token

Bitcoin

Reversal

<p>Trading volume in Bitcoin has surged to levels last seen in May 2021, with volumes reaching 154.92 billion BTC on November 12th. Santiment data shows a 32% increase in overall trading volume over the past week, even as BTC price remain under pressure.</p>
<p>Key observations:</p>
<ul class="wp-block-list">
 <li>Trading volume peaks mirror May 2021 levels</li>
 <li>32% weekly volume increase despite price decline</li>
 <li>Significant altcoin exchange activity suggests profit rotation</li>
 <li>Traders redistributing BTC profits into speculative assets</li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="572" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-1024x572.png" alt="" class="wp-image-588491" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-1024x572.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-768x429.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-1536x858.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-2048x1145.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-945.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><a href="https://x.com/santimentfeed/status/1861516819359768929?s=46" target="_blank" rel="noopener noreferrer nofollow">The surge in trading activity</a> during a price dip often precedes significant market movements. While high volumes typically signal strong market participation, the concurrent shift toward <a href="https://www.bitpanda.com/academy/en/lessons/what-are-altcoins/" target="_blank" rel="noopener noreferrer nofollow">altcoins</a> indicates traders are diversifying their positions rather than exiting the market entirely.</p>
<h2 class="wp-block-heading" id="bitcoin-hold-above-91-000-is-btc-price-reversing">Bitcoin Hold Above $91,000: Is BTC Price Reversing?</h2>
<p>The price of Bitcoin closed above the key support level at $91,000 yesterday. As the price started dipping, many analysts began to set their key price levels where it could hit some support and see a bullish reversal.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/ondo-reflecting-exact-metrics-that-spiked-solana-70x-as-binance-could-list-the-token/" target="_blank" rel="noopener noreferrer nofollow">ONDO Reflecting Exact Metrics that Spiked Solana 70x as Binance Could List the Token</a></strong></em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-1024x483.png" alt="" class="wp-image-588483" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-944.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>There seemed to be a more general consensus that the $90,000 to $92,000 level was a key zone for the price of BTC to reverse.</p>
<p>With a successful close above that zone on the daily chart, the stage might be set for a reversal. If the price continues to hold above this level, we could see BTC prices start to rise again towards $100,000.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-trading-volume-continues-at-record-high-despite-ongoing-dip-is-a-btc-price-reversal-imminent/" rel="noopener noreferrer nofollow">Bitcoin Trading Volume Continues at Record High Despite Ongoing Dip: Is a BTC Price Reversal Imminent?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Trading Volume Continues at Record High Despite Ongoing Dip: Is a BTC Price Reversal Imminent?

Table of Contents

CaptainAltcoin

Other articles published on Nov 27, 2024

Elon MAGA (ELONMAGA) Solana Memecoin Will Explode Over 18,000% Before Exchange Listings, While SH...

Marketing shouldn’t be the scapegoat in crypto

Metamask users in the US can now buy Crypto with Venmo

WalletConnect Launches Season 1 Airdrop: 50M WCT Tokens to claim

Leaked Pokémon TCG Pocket Cards hint at upcoming Wonder Pick and Solo events

Investors React as Trump’s Crypto Gains Surge by $2M

Join our free newsletter for daily crypto updates!