Bitcoin volatility index near record low
Bitcoin 30-day volatility index approached to a record low
Periods of low volatility are followed by growth
Willie Wu predicts growth course bitcoin
Last time course first cryptocurrencies was so stable in January 2013 and April 2016, and in both cases after of this within a year (or two) bitcoin has risen in price more than by 1000%.
In simple terms, volatility measures price change asset for a certain period of time. It’s no secret that traditionally the bitcoin rate has high volatility in comparison with traditional assets..
When this during this period, low volatility is also demonstrated by the traditional protective asset represented by gold – the figure is about 1.2% (although it is unclear, is an whether this index 30 days).
how It was noted above, periods of low volatility, as a rule, give way to its growth, but do not determine the movement vectors of the future trend.
Topics time famous analyst cryptocurrency Markets Willie Wu Predicts Bitcoin bullish market. As recently as at the end of last month, an expert said that already soon bitcoin totally will lose contact with traditional assets.
Woo, which the He prefers building trading models to setting goals, I am sure that the current pressure from the holders or the so-called hodlers will inevitably lead to the surrender of bears:
Earlier in this year BeInCrypto edition wrote about low exchange rate volatility bitcoin, followed by a collapse digital currency. But Wu insists that this time the initiative will be on the buyer’s side:
Note that low volatility means that buyers have drawn a lower limit prices on spot market as you accumulate coins. These actions limit bearish potential and at the same time contain price fluctuations..
Also recently, Bitcoin set a new record, closing above $ 10,000 a record quantity days, and often bulls see this trend as a fact of accumulation and the calm before the storm.
Wu also believes that now – the most appropriate time for including whales in the game.
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