Calm Before The Storm? Bitcoin Volatility At Historically Low Levels
Data shows the Bitcoin 7-day volatility has plunged down recently to pretty low values. Here’s what has historically happened following instances of such a trend. Bitcoin 7-Day Volatility Has Declined To Just 1.6% In The Past Week According to the latest weekly report from Arcane Research, the recent sideways trend in the BTC price has lead to the volatility dropping down to very low values. The “volatility” is an indicator that measures how the daily returns of Bitcoin have deviated from the average during a specific period. Here is a chart that shows the trend in the....
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Is this the calm before the storm? Bitcoin volatility is seldom this steady. After a tumultuous downturn that had the whole market upside down, bitcoin’s fiat price is relatively flat. Everyone can breathe and rest, for a while at least. What does this mean and how long will it last, though? That’s what we’re here to explore. Related Reading | Dwindling Bitcoin Volatility Could Lead To Decisive Move It’s no secret that the market was expecting a hike in the interest rates, and thus people were selling risky assets. However, the powers that be postponed the increase, and, well, the....
Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike.When Bitcoin stays stable for a long time in a tight price....
Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area....
Bitcoin spent most of the seven days ending 8th April fluctuating between $415 and $425 amid modest trading volume. These developments largely mirrored the previous week, with the exception of the fact bitcoin experienced weaker trading volume compared to the last several weeks. Some market experts sought to explain bitcoin’s relative price stability by asserting that low volatility has sapped the interest of many traders. George Samman, a blockchain advisor and consultant, told CoinDesk that bitcoin's volatility has fallen to its lowest since 2012, and that as a result, "volume has....
If the Deutsche Bank were to collapse - which seems inevitable right now - they would impact every other financial institution on the planet. The global ramifications would be so widespread; the world whole would be pushed into recession again. The Brexit is raising a lot more questions than we have answers at this time. Despite turmoil on the stock and fiat currency markets, there is no significant altercation to speak of. The so-called Brexit “fear’ has not materialized yet, albeit this could be a period of the calm before the storm. At the same time, the IMF is pointing at Deutsche Bank....