Recipe For Bitcoin “Monster Rally:” FUD Overruns Markets Again
Traders believe Bitcoin (BTC) is gearing for a “monster rally,” as the market sees heightened levels of FUD. The term FUD is an abbreviation for fear, uncertainty, and doubt. Traders often use this term when the market sentiment suddenly turns negative after a series of pessimistic events. But, Bitcoin tends to recover when FUD in […]
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BTC price action may stay cool until October 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. Bitcoin (BTC) trading was unmoved at the Oct. 10 Wall Street open as one trader predicted it would take until Oct. 12 for volatility to start impacting price.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewA "guaranteed recipe for massive volatility"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,300 at the time of writing.The pair had stayed rigidly in a narrow corridor over the weekend, with only one test of....
Bitcoin price is consolidating just below $20,000. As the last confrontation with $10,000 has shown, consolidation below resistance is typically a bullish event. However, with such strong resistance above, the uncertainty surrounding the pandemic, the coming vaccine, and the change of power happening in the United States, there’s a recipe for rejection as well. And […]
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.