Bitcoin price news latest: Cryptocurrency to see VAST price swings – volatility indicato…

The volatility indicator, which charts the leading cryptocurrency, has reached its lowest level for 21 months in a sign the digital commodity could face an imminent bullish or bearish trend.

The news suggests the world’s most well-known cryptocurrency may not be as vulnerable as originally thought.

Bitcoin has experienced fluctuating swings in value over the past few months, with lower price highs and lower price lows (pennant) since the end of June.

As a consequence of the fluctuations, volatility as represented by Bollinger bands width – an analysis tool derived from +2, -2 standard deviations of a price’s moving average – has hit the lowest point since December 2016, Coindesk reports.

But when measured by standard deviation across all exchanges, volatility is at its lowest level since July 2017, according to Bitcoinity.

An extended period of volatility is usually an indicator of strong directional bias, meaning bitcoin could soon witness a vast swing in either a bullish or bearish…