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,....
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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.