• Latest
“Have Your Popcorn Completely ready”: Bitcoin Volatility Is At Severe Lows

“Have Your Popcorn Completely ready”: Bitcoin Volatility Is At Severe Lows

July 18, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

“Have Your Popcorn Completely ready”: Bitcoin Volatility Is At Severe Lows

coinnewsdaily by coinnewsdaily
July 18, 2020
in Bitcoin
0
“Have Your Popcorn Completely ready”: Bitcoin Volatility Is At Severe Lows
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Shunning Bitcoin’s absence of pattern, altcoins have viewed severe volatility more than latest months. Consider the illustration of Chainlink (Website link), a community-most loved altcoin that is up by about 450% due to the fact the March lows. Whilst it has just lately set a new all-time large, the asset has seen many times the place it swings back and forth concerning resistance and guidance degrees.

Very important complex indicators, even though, demonstrate that Bitcoin may at last see some a great deal-wanted volatility.

Associated Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH

Bitcoin Could Quickly See Solid Volatility

A cryptocurrency trader just lately observed that the width of Bitcoin’s Bollinger Bands is at lows not witnessed considering the fact that October/November 2018. “Daily BBs have not been this restricted since October of 2018 – I hope you have your popcorn completely ready,” he defined, referencing the chart below.

The Bollinger Bands is a technological indicator that “characterizes the selling prices and volatility more than time of a money instrument or commodity,” as Wikipedia describes. They normally tighten just ahead of an asset undergoes a breakout, as markets usually endure consolidation before expansion.

This concept applies to Bitcoin. As can be viewed in the trader’s chart under, each time Bitcoin observed a big bout of selling price motion, the width of the indicator tightened tremendously.

Macro BTC cost chart with Bollinger Bands and Bollinger Bands width overlayed from trader "Cheds" (@Bigcheds on Twitter). Chart from TradingView.com

This newest evaluation arrives soon right after Josh Rager, the co-founder of Blockroots and a noted crypto trader, claimed that the historic volatility index of the asset has reached ~40. 

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022

“Bitcoin historic volatility (HV) nearing 40. $BTC volatility this minimal has historically led to main rate action concerning 30% to 60% motion in the pursuing weeks From current price: 30% transfer to the upside is $12,200, and a 30% shift to the draw back is $6,500. Set your seatbelt on”.

Linked Studying: BTC Just Confirmed a Sign That Preceded Historic 5,000% Rallies

All Eyes on Shares

Quite a few analysts in the crypto house have thoughts on which way the consolidation will split. Bloomberg senior commodity analyst Mike McGlone, for instance, not too long ago wrote:

“Volatility must go on declining as Bitcoin extends its changeover to the crypto equivalent of gold from a very speculative asset, yet we count on current compression to be solved through greater costs.”

#Bitcoin Blahs? Benchmark #Crypto Appeared Equivalent Just before Past Gains —
Volatility ought to go on declining as Bitcoin extends its changeover to the crypto equivalent of gold from a highly speculative asset, however we assume new compression to be fixed through increased costs. pic.twitter.com/XbIMv5AYAf

— Mike McGlone (@mikemcglone11) July 2, 2020

But, which way this consolidation resolves may be dependent on the inventory market place.

As analysts on Wall Road and in crypto have observed, a powerful correlation has shaped in between the S&P 500 and Bitcoin above recent months. This indicates that should really the inventory sector see a breakout, BTC will adhere to.

Sadly for cryptocurrency bulls, some analysts are expecting a correction in the shares of firms as we enter the earnings period for Q2 2020.

Highlighted Picture from DepositPhotos
Cost tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
"Have Your Popcorn All set": Bitcoin Volatility Is At Excessive Lows



Share76Tweet47
Previous Post

Bitcoin Could Soon Tumble to the $7,000s as Value Loses Pivotal Assist

Next Post

Bitcoin to See A single Final Downtrend Right before Bull Operate Commences

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Bitcoin to See A single Final Downtrend Right before Bull Operate Commences

Bitcoin to See A single Final Downtrend Right before Bull Operate Commences

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$19,098.14-0.71%
  • ethereumEthereum(ETH)$1,055.210.50%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$215.73-0.18%
  • cardanoCardano(ADA)$0.4499380.32%
  • rippleXRP(XRP)$0.3138270.18%
  • SolanaSolana(SOL)$32.52-0.60%
  • dogecoinDogecoin(DOGE)$0.065771-1.44%
  • polkadotPolkadot(DOT)$6.71-0.48%
  • daiDai(DAI)$1.000.14%
  • tronTRON(TRX)$0.063546-2.03%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.53%
  • leo-tokenLEO Token(LEO)$5.72-0.93%
  • matic-networkPolygon(MATIC)$0.457093-2.70%
  • litecoinLitecoin(LTC)$49.55-0.96%
  • FTXFTX(FTT)$23.98-1.48%
  • OKBOKB(OKB)$12.191.29%
  • chainlinkChainlink(LINK)$6.07-0.87%
  • CronosCronos(CRO)$0.111826-0.30%
  • stellarStellar(XLM)$0.107225-0.31%
  • cosmosCosmos Hub(ATOM)$8.00-1.34%
  • algorandAlgorand(ALGO)$0.3039530.10%
  • moneroMonero(XMR)$115.611.52%
  • ethereum-classicEthereum Classic(ETC)$14.51-1.09%
  • bitcoin-cashBitcoin Cash(BCH)$102.980.12%
  • vechainVeChain(VET)$0.022070-0.11%
  • tezosTezos(XTZ)$1.42-0.44%
  • Internet ComputerInternet Computer(ICP)$5.17-1.81%
  • theta-tokenTheta Network(THETA)$1.214.00%
  • filecoinFilecoin(FIL)$5.24-1.35%
  • ElrondElrond(EGLD)$49.74-0.58%
  • bitcoin-cash-svBitcoin SV(BSV)$52.11-1.89%
  • eosEOS(EOS)$0.920.73%
  • paxos-standardPax Dollar(USDP)$1.000.08%
  • makerMaker(MKR)$885.35-1.61%
  • AaveAave(AAVE)$55.59-1.54%
  • iotaIOTA(MIOTA)$0.2656350.76%
  • zcashZcash(ZEC)$53.621.04%
  • huobi-tokenHuobi(HT)$4.33-0.08%
  • havvenSynthetix Network(SNX)$2.646.77%
  • basic-attention-tokenBasic Attention(BAT)$0.392469-3.88%
  • neoNEO(NEO)$8.14-0.40%
  • zilliqaZilliqa(ZIL)$0.038221-0.92%
  • wavesWaves(WAVES)$5.10-1.59%
  • dashDash(DASH)$42.12-0.40%
  • PancakeSwapPancakeSwap(CAKE)$3.051.63%
  • KusamaKusama(KSM)$48.300.15%
  • nemNEM(XEM)$0.04400312.91%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$48.272.59%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.770.42%
  • bitcoin-goldBitcoin Gold(BTG)$15.38-0.36%
  • omisegoOMG Network(OMG)$1.780.03%
  • golemGolem(GLM)$0.2328512.52%
  • ontologyOntology(ONT)$0.231765-0.98%
  • SushiSushi(SUSHI)$0.96-1.04%
  • yearn-financeyearn.finance(YFI)$5,625.832.87%
  • umaUMA(UMA)$2.604.08%
  • digibyteDigiByte(DGB)$0.009119-0.04%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....