Bitcoin Volatility Range Doubles In The Past Week – What This Means For BTC
Bitcoin has faced massive volatility and selling pressure as wild price swings dominate the market. After reaching a high of $96,000 last week, BTC saw a sharp 18% retrace, plunging to $78,000 last Friday. The sudden drop intensified fears of a deeper correction, with traders scrambling to assess the next move. Related Reading: Ethereum Sweeps […]
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As expected, the bitcoin markets have been relatively stable over the past week, although it now looks like a rally up to resistance is becoming more and more likely. Now that a week has passed since the halving and there has been no technical incident, no significant drop in hash rate, no network clogging fee event, and no major selloff in price, we think the market is simply digesting its new economic reality for the time being. Unfortunately for traders this digestion period means a lack of volatility due to a tightening consolidation, however as we know range contraction inevitably....
As expected, the Bitcoin markets have been relatively stable over the past week, although it now looks like a rally up to resistance is becoming more and more likely. Now that a week has passed since the halving and there has been no technical incident, no significant drop in hash rate, no network clogging fee event, and no major selloff in price, we think the market is simply digesting its new economic reality for the time being. Unfortunately for traders this digestion period means a lack of volatility due to a tightening consolidation, however as we know range contraction inevitably....
The Bollinger Band shows the Bitcoin price might see a spike in volatility, similar to 2016’s post-having cycle. For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might signify that a huge volatility spike is imminent.The price of Bitcoin has been relatively stable from 2019 to 2020. BTC mostly ranged in between $6,000 and $12,000, apart from March when it plummeted below $3,600.The monthly Bitcoin price chart with Bollinger Band.....
Bitcoin’s volatility is going crazy as the price dropped down 20% to $43k today, right after a week of shockingly low activity! Bitcoin 7-Day Volatility Declined To 2.3% Last Week As per the latest weekly report from Arcane Research, the 7-day volatility of the cryptocurrency declined again this past week. The volatility is an indicator […]
Since last week, litecoin has developed a consolidation range roughly between 1.32 and 1.46. This week, price action has been quiet coiling around the 1.40 handle as we can see in the 1H chart. Litecoin (LTCUSD) 1H Chart April 22. Note that the 200-, 100-, and 50-hour SMAs all merged around 1.40. At the end of the April 22 session, ltcusd rallied with relatively higher volatility and volume. Meanwhile, the RSI has popped up above 60, which represents loss of the prevailing bearish momentum. The bounce off of the cluster of SMAs puts litecoin in a bullish outlook, first to test the 1.46....