Bitcoin Rally Fails To Budge 30-Day Volatility As It Stays At 2-Year Lows
Data shows the latest Bitcoin rally has failed to make the 30-day volatility budge, as the metric has remained at 2-year lows. Bitcoin 30-Day Volatility Currently Has A Value Of Just 1.7% As per the latest report released by Arcane Research, BTC’s price stabilizing around $20.5k has resulted in the daily volatility remaining low. The “daily volatility” is an indicator that measures the percentage changes in the daily closing price of Bitcoin averaged over a specific period of time. While this timespan can be of any length, the 7-day and 30-day volatilities are the most....
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On-chain data shows the Bitcoin Puell Multiple is currently retesting the downtrend line, will the metric be able to break above it this time? Bitcoin Puell Multiple Has Gone Up A Bit During Recent Days As pointed out by an analyst in a CryptoQuant post, a trend reversal could be nearing in the BTC market. The “Puell Multiple” is an indicator that measures the ratio between the current daily Bitcoin mining revenues (in USD) and the 365-day moving average of the same. What this metric tells us is how much the BTC miners are making right now compared to the average during the....
Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet […]
Bitcoin has surged $1,000 from last week’s lows of $10,400. At $11,400, the cryptocurrency remains decisively higher than it was before this rally. Even still, analysts think that Bitcoin is primed to undergo a reversal as its short-term to medium-term chart flashes a number of warning signs. Bitcoin Could Face a Short-Term Pullback as Price Fails to Pass Breaker One crypto-asset analyst recently shared this chart below. It shows that BTC’s recent rally ended right […]
Up or down, it is high time that Bitcoin made a significant move, market participants agree. Bitcoin (BTC) starts a new week keeping everyone guessing as a tiny trading range stays in play.A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000.Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on a trajectory — or even signal that a breakout or breakdown is imminent.After a brief spell of excitement seen on the back of last week’s United States economic data, Bitcoin is thus back at square one —....
Bitcoin continues to observe new yearly lows for volume as volatility also continues to decline further. Bitcoin Volume And Volatility At Yearly Lows As per an Arcane Research report, the 7-day average trading volume for BTC continues to hit yearly lows. This is the third consecutive week that the indicator has plunged down. The below […]