Question #127 ·
How have shifts in trading volume and key support and resistance levels signaled changes in Bitcoin’s market momentum?
- Declining volumes from $180.76 billion to about $45–50 billion alongside support near $107,000 indicate waning momentum Right answer
- 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.