Bitcoin Price Volatility Exciting Bulls, Rally Still Expected
A small rise in the bitcoin price is giving enthusiasts new hope. While the rise only constitutes about two dollars, the long-running theme of a bullish trend in the bitcoin market appears to be coming true. Bitcoin Price: A Long History of Deflation and Volatility, But That’s a Good Thing. One source writes: “Price has been pretty volatile over the last few days, and with this volatility has come plenty of opportunities to get in and out of the markets according to our intraday strategy. Overnight last night, however, things settled down a little… We saw a spike a little earlier today,....
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The price of Bitcoin is at a crossroads with diminishing trading volume, hinting at more downside in the short term. While Bitcoin (BTC) has seen a parabolic rally since September, the momentum has stagnated, with BTC/USD unable to break through the all-time high region.This BTC price level below $20,000 has been accompanied by diminishing volatility and volume, making it increasingly difficult to predict the direction of the next move. Let's take a look at the crucial levels where volatility could be expected on the lower time frames.Sideways BTC price action, low volatility for....
Traders expect an uptick in volatility due to the possibility of September’s $2.2 billion options expiry putting pressure on BTC price near a critical support level. This week, the $20,000 resistance is proving to be stronger than expected and even after Bitcoin (BTC) price rejected this level on Sept. 27, BTC bulls still have reasons not to give up. According to the four-month-long descending triangle, as long as the $18,500 support holds, Bitcoin price has until late October to determine whether the downtrend will continue.Bitcoin/USD 1-day price index. Source: TradingViewBitcoin bulls....
BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended. Over the past three months, Bitcoin's (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility. Bitcoin/USD 1-day chart at Coinbase. Source: TradingViewThe relief rally that came after the April 11 dip below $40,000 followed the U.S. Consumer Price Index (CPI) report that announced 8.5% for March, the highest....
Bitcoin volatility is not at the same level seen during the 2017 bull run but analysts still say lower price swings are necessary to maintain upward momentum. Bitcoin (BTC) has hit a new high above $51,300 in a continuation of its bullish advance that begun in October 2020.According to Bloomberg, the current run is different from the 2017 bull rally that topped out below $20,000 in terms of volatility.Indeed, data from Woobull Charts puts Bitcoin’s 60-day volatility at 14.25%, a significant decline from the over 32% recorded at the zenith of the 2017 bull run.Bitcoin 60-day Volatility.....
Bitcoin price volatility has increased, building building intermediate price levels as support references for the next rally. So, get ready for another ride to the moon, because the bulls are preparing for another stampede. After confirming a strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $820 takes place. This further upward movement, if confirmed should increase volatility and create confusion, leading to a lot of profit taking action and false signals that could produce a lateral sideways market. Using last June’s....