Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs
Volatility has stayed relatively low through bitcoin’s slow march toward record highs.
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After weeks of gut-wrenching volatility, the start of April has been much kinder to Bitcoin. Following a record-breaking $6.4b options expiry, Bitcoin’s price action has been far less volatile in the past few days. According to the Bitcoin Volatility Index, its 30-day volatility has dropped from a high of 5.34% on March 9 to 3.42% at time of press. The major cryptocurrency’s price level is consolidating just under the asset’s all-time high of $61,800 — […]
Bitcoin’s price is closing in on record 2020 highs as ether’s volatility picks up.
With Bitcoin (BTC) surging back above the $105,000 mark and nearing its record high set in January, market expert Doctor Profit has outlined bullish predictions for the leading cryptocurrency. In a recent post on social media platform X, he detailed the dynamics he believes will drive Bitcoin toward new highs. Bitcoin Breaks Key Levels As Institutional Demand Surges Since hitting $77,000, Doctor Profit identified $100,000 as the first significant target, which has now been achieved. Looking ahead, he sees the next breakout target between $116,000 and $120,000. His confidence stems from....
Bitcoin (BTC) climbed back above the $93,000 level this week as improving liquidity conditions and a major shift in institutional policy helped stabilize market sentiment following sharp volatility. Related Reading: Crypto Investors Brace As Japan Proposes 20% Tax By 2027 The move follows a month-long slide that erased nearly 20% from recent highs and raised […]
Bitcoin volatility levels have now bitten a new low since November 2020. Volatility in the market has seen a downward drop as the price of bitcoin has stagnated in the last few months. As bitcoin saw record highs at the start of the bull market, volatility had risen greatly. Speculations rocked the market and there […]