Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low
Encouraging signs point investors away from expecting the worst after BTC/USD reaches multi-day highs without significant retracement. Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart.This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore,....
Bitcoin expects to undergo major price swings in the coming sessions as its price volatility hits its lowest levels in more than a month.
180-day volatility dropped to its lowest level since Nov. 2018
Bitcoin strategists are waiting for a bias-defining price move as the cryptocurrency’s historical volatility falls to its lowest in three months. Jan Uytenhout, the co-founder of Capriole Investments in Denmark, iterated the outlook in a tweet issued earlier this Wednesday. The fund manager cited old references to show a correlation between the Bitcoin price and […]
The price of bitcoin fell below $200 today for the first time since 18th January. The plunge saw an average low of $198.23, according to the CoinDesk Bitcoin Price Index (BPI), with the largest decline taking place on BTC-e, which saw a low of $192. The price has since recovered from those lows to roughly $203 at press time, though prices in some markets, including BTC-e, remain below $200. According to data from the CoinDesk BPI, the $198 figure is the lowest average price low in the last six months, excluding instances of single-day volatility on individual bitcoin exchanges. The move....
Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally.