Bitcoin Price Volatility Shows Signs of a Maturing Crypto Market as Bull Run Rally Looks Inevitable

2018-10-10 19:57

Bitcoin Market Showing Signs of Maturity as Volatility Reaches 17 Month Low

Bitcoin has always been infamous for its volitility but over the past mnth, it has surprised everyone. Not only because this phenomenon was unusual, but also the reason behind it, which some are calling it as maturity while others are labeling it as consolidation before the bull run. In either case, these signs, in the long run, are positive for bitcoin.

Volatility At 17 Month Low

According to Mike McGlone, Bloomberg Intelligence commodity strategist, the decline in the volatility of major cryptocurrencies is a sign that the cryptocurrency market is maturing. He stated that the cryptocurrency market is beginning to establish itself, finding comfort in a lower price range.

Given the stability in the price of Bitcoin, it is evident BTC has found its bottom. Even if the volume of the cryptocurrency market falls below the $10 billion mark, he explained that it is difficult to see BTC dropping below ots current level. The market has started to demonstrate seller fatigue, and the bears of the market are no longer willing to sell at a low price of mid-$6,000.

The Bitvol Index, that measures the volatility of bitcoin is also shown surprising stability over the last 30 days. According to this index, during that period, Bitcoin’s price experienced a variation of 1.57% compared to its usual range of between 3% and 7%.

The majority of technical analysts and prominent traders in the cryptocurrency sector are anticipating a large move on either the upside or downside. Currently, due to the relatively low volume of the crypto exchange market, it is not certain that the next major movement of Bitcoin will be breakout of two resistance levels at $6,800 and $7,000.

Hence, in the days to come, it is possible that BTC experiences a substantial spike in its volume and breakout of the $6,800 level or sees another shakeout before initiating a meaningful short-term rally.

Maturity is definitely creeping into the crypto sphere as large corporations, banks and regulators are all watching it which has now bought down the malicious activities. Also a lot of people, now, have increased understanding of how bitcoin works and are bringing it to use in the best possible way, giving bitcoin a shape of actual currency than just a speculative money-making tool.

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bitcoin volatility market maturity signs everyone surprised

Источник: bitcoinexchangeguide.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


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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


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