Bitcoin Volatility Sinks to Its Four-Month Low. Analysts Claim It's Calm Before the Storm

Libra Coin News
Tue, 09/10/2019 - 18:28
Alex Dovbnya
Bitcoin is stuck in sideways trading despite strong fundamentals, but things are about to change 
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Blockforce Capital data shows that Bitcoin’s volatility has dropped to its lowest level since May. It almost seems like Bitcoin’s wild price swings in June and August never happened.

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An unsettling calmness

As reported by U.Today, market analyst Jim Wyckoff is certain that Bitcoin will continue its streak of sideways trading in the coming days, which essentially means that the top cryptocurrency will become even more stable.

However, multiple analysts believe that this is simply “calm before the storm.” BitBull Capital CEO Joe DiPasquale claims that Bitcoin’s unprecedented stability will “bode well for its future valuation.” 

John Bollinger predicted a major price move that could bring more volatility to the market. Meanwhile, Peter Brandt cannot ignore a forming descending triangle.     

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Things change fast

Back in May, Bitcoin was ranging in the $7,000 region before surging to almost $14,000 in July.

Hence, it might not take long until BTC starts showing its volatile side once again with both shorts and longs being wiped out left and right.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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