A 2016-level massive Bitcoin price volatility spike might be near
The Bollinger Band shows the Bitcoin price might see a spike in volatility, similar to 2016’s post-having cycle. For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might signify that a huge volatility spike is imminent.The price of Bitcoin has been relatively stable from 2019 to 2020. BTC mostly ranged in between $6,000 and $12,000, apart from March when it plummeted below $3,600.The monthly Bitcoin price chart with Bollinger Band.....
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For a couple of minutes ago we witnessed a massive buy of Bitcoins at the Bitcoin exchange Mt. Gox. If you take a look at the graph below you can see buy orders of more than 2000 Bitcoins which is a buy order of more than 2 million USD with the current prices at Mt. Gox. Massive spike in Bitcoin buy orders at Mt. Gox. Some of the major events this weekend must include the Bitcoin conference in Miami that Kyle Torpey wrote about yesterday. Then we have a great analysis from Gordon Geeko including a video analysis that will come out later today trying to break down the shifts. We could see....
Both the 2016 and 2020 U.S. elections have seen little volatility in the price of Bitcoin, but the major multi-year resistance at $14K may finally break if history repeats itself. While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000.At the same time, Bitcoin's price has been moving in tandem with equity markets over the past 24 hours.Bitcoin still can’t break the $14,000 resistanceBTC/USD 1-week chart. Source: TradingViewThe....
After Showing its strength to a massive public scope from traditional media, the bitcoin price has started the next climb, which is set to double quotes during December. Prices built an intermediate level at $700, creating a premature lateral sideways market, which was estimated to form at a higher level, increasing volatility in a big flag pattern. Once the flag pattern appears, we should see another short climb to the technical objective at $820 and beyond. If this forecast comes true, then the euphoric bubble would be on, doubling the present quotes before the end of 2016. Since August....
Last week, Litecoin price saw a spike down from around the 1.60 area down to parity (1.00), which is a new low on the year. The 1H chart shows that after the spike price essentially rebounded back to 1.60 but started drifting lower again. Litecoin (LTCUSD) 1H Chart April 13. Overall, the price action in litecoin has remained the same - bearish with low volatility. 1) The 200-, 100-, and 50-hour SMAs are sloping down and in bearish alignment, with price trading under all 3. 2) The RSI has held under 60 after tagging 30, reflecting maintenance of the bearish momentum. When there is a spike....
Bitcoin price is still pulling back from its recent strong rallies, moving closer to the rising trend line on the daily chart. Bitcoin Price Key Highlights. Bitcoin price is still in correction mode, moving on to the lowest Fib on it daily time frame. Price appears to be finding support at the 61.8% Fibonacci retracement as a long spike formed. If bulls get back in the game, bitcoin price could resume its climb to the swing high at $775. Technical Indicators Signals. The 100 SMA is still above the 200 SMA for now, confirming that the uptrend is likely to carry on. However, RSI and....