Bitcoin Price Set for Big Move as Volatility Drops
Bitcoin Magazine Bitcoin Price Set for Big Move as Volatility Drops Bitcoin's low volatility signals an imminent big move, data shows. Tight Bollinger Bands and past trends suggest a 20-30%+ shift soon, with clues pointing to a potential bull run. This post Bitcoin Price Set for Big Move as Volatility Drops first appeared on Bitcoin Magazine and is written by Matt Crosby.
Bitcoin Magazine
Bitcoin Price Set for Big Move as Volatility Drops
Bitcoin appears to be on the verge of a major price movement, and data suggests that volatility could return in a big way. With Bitcoin’s price action stagnating over the past few weeks, let’s analyze the key indicators to understand the potential scale and direction of the upcoming move.
Volatility
A great place to start is Bitcoin Volatility, which tracks price action and volatility over time. By isolating the past year’s data and focusing on weekly volatility, we observe that Bitcoin’s price recently has been relatively flat, hovering in the $90,000 range. This prolonged sideways action has resulted in a dramatic drop in volatility, meaning Bitcoin is experiencing some of its most stable price behavior in recent history.
