{"id":562469,"date":"2020-07-06T19:41:19","date_gmt":"2020-07-06T17:41:19","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562469"},"modified":"2020-07-06T19:41:19","modified_gmt":"2020-07-06T17:41:19","slug":"bitcoin-btc-fell-52-the-last-time-its-volatility-was-this-low","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-fell-52-the-last-time-its-volatility-was-this-low\/","title":{"rendered":"Bitcoin (BTC) Fell 52% The Last Time Its Volatility Was This Low"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n Earlier this morning, and around the weekly close, Bitcoin dipped to $8,890 before bouncing hard to a 24-hour high of $9,350. Today’s Bitcoin action has left many traders excited as the King of Crypto recovered from what looked like a sure dump after a resolution of the Bollinger Band squeeze on the daily chart<\/a>. This 5% move by Bitcoin, has reignited confidence in the King of Crypto. Bitcoin could be headed back to bullish levels and perhaps a retest of the psychological price of $10,000 in 49 days<\/a> as earlier predicted.<\/p>\n However, the excitement for Bitcoin<\/a> bulls might be temporary as the current low volatility of BTC could point to more losses in the crypto markets. According to a recent analysis by Skew, the ten-day realized volatility of Bitcoin currently stands at 20%. The last time it was at this value, was November 2018. Back then, Bitcoin fell from $6,600 to the famous December 2018 bottom of $3,150. The team at Skew highlighted this fact via the following tweet.<\/p>\n #bitcoin<\/a> ten days realized volatility = 20%<\/p>\n Last time we reached that level, we had the great sell-off of November 2018 shortly after pic.twitter.com\/7R6NZv6CII<\/a><\/p>\n — skew (@skewdotcom) July 6, 2020<\/a><\/p><\/blockquote>\n\n
Bitcoin’s Volatility is Still Low<\/h2>\n
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