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Question #127

How have shifts in trading volume and key support and resistance levels signaled changes in Bitcoin’s market momentum?

Category: General
Declining volumes from $180.76 billion to about $45–50 billion alongside support near $107,000 indicate waning momentum
Stable volumes around $45 billion with resistance near $107,000 imply a market lacking clear momentum signals
Rising volumes back to $180 billion and resistance at $109,500 suggest strong upward momentum forming soon

Why is this the correct answer?

This is correct because a drop in trading volume often signals reduced market participation and selling pressure, while a strong support level around $107,000 shows buyers stepping in. Together, these factors suggest momentum is slowing, which is crucial for beginners to recognize before making trading decisions.

Related Terms

Trading Volume 2 Support Level

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Important Notice: This content has been generated with the assistance of artificial intelligence. While we strive for accuracy, there may be errors or inaccuracies in the information provided. Please exercise caution and verify any information before making decisions based on it. This information does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the content as such. CryptoMeteo does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.

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