RATE Group | Bitcoin Price Regains $6,600 as Volatility Hits New Yearly Low
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Bitcoin Price Regains $6,600 as Volatility Hits New Yearly Low

06 Oct Bitcoin Price Regains $6,600 as Volatility Hits New Yearly Low

Posted at 00:46h in Bitcoin News by

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The major cryptocurrencies are still trading with low volumes and low volatility across the board, with now even the recently active Ripple settling down within its triangle consolidation pattern. The total value of the market is virtually unchanged compared to the previous weekend, hovering around the $220 billion level. Yesterday’s bounce quickly lost momentum, and although today’s dip is very shallow, the broader bearish trends remain dominant in the segment.

EOS/USDT, 4-Hour Chart Analysis

EOS has seen above-average activity e past couple of days, but despite yesterday’s rally, the technical setup is unchanged, and the coin remained on short- and long-term sell signals in our trend model as well. While some of the smaller coins, like Tron and Binance Coin made more technical progress, that didn’t change the overall short-term outlook for the majors.

BTC/USD, 4-Hour Chart Analysis

While some of the small-cap coins experienced buying in recent days, the…

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