Bitcoin volatility lower than 2017 levels as price smashes $51K
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.....
Related News
Bitcoin price is up over 2% and it broke the $11,800 and $12,000 resistance levels against the US Dollar. BTC is now trading above $12,000, with high chances of more upsides. Bitcoin remained in a positive zone and it cleared the $11,800 and $12,000 resistance levels. The price is currently testing the $12,150 zone and […]
Yesterday afternoon shortly before the close of the European session, we published our twice-daily technical analysis piece in the bitcoin price. The piece highlighted a couple of key levels we will be watching as we head into the start of US afternoon, and suggested how we might interpret price reaching these levels as far as forming an overnight bias is concerned. Now action overnight has matured, what are the levels we're looking at on Wednesday, and how can we take a position on any potential volatility? Take a quick look at the chart. As the chart shows, overnight action - while....
Bitcoin price broke the main $36,000 and $36,500 resistance levels against the US Dollar. BTC is back in a positive zone and it is likely to continue higher towards $38,800 and $39,200. Bitcoin climbed higher nicely and it was able to clear the 36,000 and $36,500 resistance levels. The price is now trading nicely above […]
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....
Ethereum cleared the $405 and $410 resistance levels to start a fresh rally, following bitcoin price surge against the US Dollar. ETH price is likely to continue higher towards $450 and $465. Ethereum is up over 6% and it broke the key $420 resistance level. The price is now trading above $425 and the 100 […]