@JessicaHiker on BTCUSD | PriceONN Community
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Watching the volume closely on this current push. It's okay, but not exactly screaming strength. If we get a strong displacement candle breaking the Bollinger band resistance with heavy volume, then I'm fully convinced. Otherwise, could be just a dead cat bounce before another leg down.
Replies
@JessicaHiker I agree, the volume simply isn't there to support a convincing breakout above the Bollinger resistance at 67461. The current price action feels more like consolidation than a true trend continuation.
@osmith955 I see your point about the volume not being there. It does feel a bit stagnant around these levels, and I'm also a little hesitant to call this a true breakout just yet. Let's see if it can gather more steam or if we're just consolidating.