Bitcoin Price Watch: Has Volatility Seemingly Dropped?

Bitcoin Price Watch: Has Volatility Seemingly Dropped?
фото показано с : nulltx.com

2018-9-27 20:39

At press time, the father of cryptocurrency is up by roughly $200 and is trading for about $6,515. It appears the currency isn’t as vulnerable as originally thought, and still has some fight left in its gut.

According to one source, bitcoin’s volatility is at its lowest point in almost two years. A near three-month long bitcoin price squeeze may be nearing its end following a long period of lagging direction and bearish activity, and not since late June/early July has the volatility been this weakened.

However, it’s important to mention that when this occurs, it usually means the currency is preparing itself for a massive move in either direction. In other words, bitcoin could be in for a wild upswing or a drop into oblivion.

Furthermore, present resistance stands at $6,900. Granted this resistance is broken, we could see bitcoin begin an ascent back towards its July high of $8,500, whereas if the coin is unable to handle itself, we may see volatility increase and the currency take a dive towards its June low of nearly $5,700. As for now, the currency remains trapped in a bearish cloud, and it may take a few days to clear.

Per another source, bitcoin has moved past several barricades since it reached $6,700 around last Thursday. The uptrend was ultimately cut short two days ago after the currency dropped back down to $6,300. Thankfully, key support lies at $6,400, which the currency has surpassed at this stage, but for things to continue, the bulls need to find support above $6,500 for bitcoin to grace the $6,600 range.

It is probable that bitcoin will experience further stops at both $6,550 and $6,583. However, things are likely to move in the bulls’ favor granted $6,500 continues to hold. If it falls, $6,450 will be the next support target. The source seems to believe that bitcoin is following in the steps of Ripple’s XRP, which is presently up by nearly seven percent after surpassing the 50-cent mark.

As the third-largest cryptocurrency by market cap, Ripple garnered its latest price following news that the CoinField exchange was looking to launch XRP as its base digital asset. Previously, the coin had been trading for less than 30 cents, but it shot up into the 70-cent range. At the time of this writing, it is trading for approximately 55 cents.

Bitcoin Charts by TradingView

The post Bitcoin Price Watch: Has Volatility Seemingly Dropped? appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67700.39 (-0.08%)
Объем 24H $32.597b
Изменеия 24h: -3.16 %, 7d: -2.94 %
Cегодня L: $67343.71 - H: $69768.04
Капитализация $1334.009b Rank 1
Цена в час новости $ 6475.71 (945.45%)

bitcoin volatility price seemingly dropped watch source

Источник: nulltx.com

bitcoin volatility → Результатов: 126


Role Reversal: Ethereum Defies Expectations With Lower Volatility Than Bitcoin

Ethereum (ETH), the second-largest digital asset in the cryptocurrency sector, is currently captivating traders’ attention as volatility gauges indicate an intriguing shift in market dynamics.   Contrary to the customary pattern, these indicators are suggesting that Ether may experience relatively smaller near-term price fluctuations compared to Bitcoin, according to Bloomberg.

2023-5-22 18:20


Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […] The post Bitcoin supply is dwindling, yet volatility will be the biggest benefactor appeared first on CoinJournal.

2023-4-26 14:51


Фото:

Bitcoin volatility rising as $4.2 billion options set to expire Friday

Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4. 2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and […] The post Bitcoin volatility rising as $4.

2023-3-31 15:49


Bitcoin Volatility Plunging While OI on Binance Is Surging with GBTC Sellers Buying BTC

Trading around $34,500, Bitcoin’s price remains range-bound between $30k and $40k. The lack of any price action has volatility simply plunging to April levels. Amidst this low volatility, Bitcoin’s correlation with the S&P 500 has started to rise in recent weeks while the leading cryptocurrency’s correlation with commodities continues to fall.

2021-7-12 15:27


Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 End

The macro-environment also remains in favor of Bitcoin, for now, while the CBDCs aiming for “absolute control” will only drive the cryptocurrency adoption further. The post Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 End first appeared on BitcoinExchangeGuide.

2021-7-10 16:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Криптоаналитика: обзор рынка биткоина (BTC) и альткоинов. Ключевые данные за неделю

За последние 24 часа рынок криптовалют буквально засиял новыми красками! Bitcoin и несколько альткоинов показали значительный рост, хотя это только начало. BNB, Ripple, Dogecoin и Solana порадовали инвесторов своим ростом, подтвердив положительные тенденции на рынке.

Coinbase resumes XRP trading in New York

Cryptocurrency exchange Coinbase has resumed XRP trading in the state of New York again following a 2021 suspension. Paul Grewal, Coinbase’s chief legal officer, announced on X that XRP is now available to trade in the state. “We heard you…

Coinbase resumes XRP trading in New York

Coinbase's Chief Legal Officer said the exchange has resumed XRP trading for New Yorkers following collaboration with the State. The post Coinbase resumes XRP trading in New York appeared first on Crypto Briefing.

Crypto whales move 283 million XRP, stir market frenzy

XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains.

XRP Holders In Panic Selling Frenzy? Sub-$0.50 Looms

The price of XRP, the native token of Ripple, seems to be teetering on the edge of a short-term decline, according to an analysis of on-chain data by NewsBTC. While bulls might want to hold their horses, the report paints a picture of a market potentially succumbing to selling pressure in the immediate future.