Bitcoin Volatility Hits 2.5-Year Low as Traders Brace for 30% Move
BTC when published $81,944Now $80,617 ▼ −1.62% since it was published
Bitcoin has barely moved despite another turbulent week for global markets. But an unusually tight trading pattern is raising fears of a sudden price swing, with $80,000 emerging as the level that could decide its direction. BTC trades near $82,538, up 0.92% in 24 hours. Meanwhile, its Bollinger Bands, a popular measure of price volatility, have narrowed to one of their tightest readings in two and a half years. According to Barchart, the bands are now just $5,368 apart, equivalent to roughly 6.5% of Bitcoin’s price. Such compression often precedes larger price movements. However, it offers no reliable indication of which direction Bitcoin will take. Bitcoin’s Last Two Volatility Squeezes Ended in 30% Swings The warning comes from Bitcoin’s own price history.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
