Yes, it has passed already 4 months since BITCOIN touched what it seems to be the bottom of a long and painful correction.
Accompanying the solid 4 months of growth lately we are attending to an unprecedented growth as well of the trading Volume.
During this period of time BITCOIN has increased the volume not in a proportional way:
– Mid January: Volume $5.582.489.560 ; Price: $3.601,01
– Mid February: Volume $10.794.227.451 ; Price: $3.810,43
– Mid March: Volume $9.144.851.065 ; Price: $4.022,17
– Mid April: Volume $13.731.844.223 ; Price: $5.314,53
– Today: Volume $25.827.943.247 ; Price: $8.064,02
The following is the BITCOIN Market cap. Monthly chart in a Logarithmic Scale, to maximize the detail:
As you can see, previous bullish cycle started similarly on August 2015, 4 months of constant growth, followed by one month of shy correction:
However, the Volume was a small fraction of the present one…
If we take into account the historical data we have, we may say that it would be very normal to have a corrective candle right now but, man, we have never experienced such a trend of exponential growth in Volume… Nevertheless, the Chart is revealing, but not for everybody…
Actually, the Human brain is more adapted to deal with the linear growth instead but, in economics and technology, the exponential growth is more and more usual. The problem is that it is not so easy for us as a Humans to be conscious on that. Same happen with the blockchain technology and Crypto adoption. If the volume trend keeps constant constant growing we may see an amazing explosion on the BITCOIN’s price…
It is coming, fast, very fast, and those whose don’t have “eyes” to see the train willing to accelerate on its way to the next station, they will simply lose it.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.