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Historically low spot volumes and investor accuracy weigh on Bitcoin price Cointelegraph

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Historically low spot volumes and investor accuracy weigh on the price of Bitcoin

One word could be used to describe the opinion of most participants in the cryptocurrency ecosystem about the short-term perspective (BTC) would be “undecided” because mixed signals of all kinds of indicators are waiting for many traders to make a significant move in both directions before planning the next entry point.

A new report by Delphi Digital gave a macro look at Bitcoin’s current price action and the fact that several factors, including small exchange volumes and the strengthening of the US dollar, have weighed heavily on high-end cryptocurrencies.

1 day chart. Source: TradingView
Spot exchange volume. Source: Delphi Digital
DXY one-day chart. Source: TradingView
Bitcoin returns month after month. Source: Delphi Digital
Against the 12-month moving average Monthly chart. Source: Delphi Digital