Bitcoin Volatility Range Doubles In The Past Week – What This Means For BTC
Bitcoin has faced massive volatility and selling pressure as wild price swings dominate the market. After reaching a high of $96,000 last week, BTC saw a sharp 18% retrace, plunging to $78,000 last Friday. The sudden drop intensified fears of a deeper correction, with traders scrambling to assess the next move. Related Reading: Ethereum Sweeps […]
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As expected, the bitcoin markets have been relatively stable over the past week, although it now looks like a rally up to resistance is becoming more and more likely. Now that a week has passed since the halving and there has been no technical incident, no significant drop in hash rate, no network clogging fee event, and no major selloff in price, we think the market is simply digesting its new economic reality for the time being. Unfortunately for traders this digestion period means a lack of volatility due to a tightening consolidation, however as we know range contraction inevitably....
As expected, the Bitcoin markets have been relatively stable over the past week, although it now looks like a rally up to resistance is becoming more and more likely. Now that a week has passed since the halving and there has been no technical incident, no significant drop in hash rate, no network clogging fee event, and no major selloff in price, we think the market is simply digesting its new economic reality for the time being. Unfortunately for traders this digestion period means a lack of volatility due to a tightening consolidation, however as we know range contraction inevitably....
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.....
Bitcoin’s volatility is going crazy as the price dropped down 20% to $43k today, right after a week of shockingly low activity! Bitcoin 7-Day Volatility Declined To 2.3% Last Week As per the latest weekly report from Arcane Research, the 7-day volatility of the cryptocurrency declined again this past week. The volatility is an indicator […]
Dogecoin Price Key Highlights. Dogecoin price continues to trade in a tiny range, but there is an increase in volatility noticed, which might result in a break moving ahead. A minor low below 62.0 Satoshis support area was created, but sellers failed to take the price below 60 Satoshis. 0 Satoshis on the upside remains a major barrier for buyers in the near term. Dogecoin price is showing signs of the increase in volatility, which might result in a break in the near future. What's next? There has been continuous range trading this past week, and it turned out to be frustrating for....