RATE Group | Analyst: Low Volatility Indicates That Bitcoin (BTC) Will Bottom, Bull Run In Sight
46729
post-template-default,single,single-post,postid-46729,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Analyst: Low Volatility Indicates That Bitcoin (BTC) Will Bottom, Bull Run In Sight

25 Oct Analyst: Low Volatility Indicates That Bitcoin (BTC) Will Bottom, Bull Run In Sight

Posted at 09:38h in Bitcoin News by

[ad_1]

Analysts Bullish On Bitcoin (BTC) Due To Dropping Volatility

Just days ago, Ethereum World News reported that data from CBOE Global Markets indicates that Bitcoin (BTC) is now less volatile than the publicly-traded stocks of Amazon, Netflix, and Nvidia, which have all outperformed ‘mellow yellow’ since the start of 2018. Data from the Chicago-based institutions have also shown that Bitcoin’s 20-day historical volatility is nearing that of Apple (APPL), indicating that the tumultuous tech sector is dominating BTC in certain departments.

This rapidly dropping volatility of crypto assets, especially BTC, has led a multitude of analysts to make some interesting claims about the short to mid-term future of this budding market. According to Bloomberg, in the past four weeks, Bitcoin has only had one day with a move higher than 5%, compared with nine in both January and February.

Commenting on this data, Mike McGlone, who was formerly bearish on the short-term prospects of…

[ad_2]

Source link

Tags:
, , , , , , ,