RATE Group | Data Suggests Massive Crypto Market Volatility is Inbound: Dates to Watch
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Data Suggests Massive Crypto Market Volatility is Inbound: Dates to Watch

27 Jan Data Suggests Massive Crypto Market Volatility is Inbound: Dates to Watch

Posted at 00:24h in Bitcoin News by

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Bitcoin’s bulls are currently attempting to propel the crypto back into the upper-$8,000 region, which comes as bulls start generating heightened buying pressure following BTC’s movement down to lows of $8,200 earlier this week.

It now appears that BTC could soon incur some massive volatility that spans across the entire crypto market, as historical data suggests that its monthly CME close – coupled with its tightening trading range – will catalyze a major movement.

Although it remains unclear as to whether this volatility will favor bulls or bears, the strength of the 2020 uptrend is likely to bolster the cryptocurrency’s bulls.

Bitcoin Pushes Higher, Taking the Crypto Market with It

At the time of writing, Bitcoin and the aggregated crypto market are trading up, with BTC climbing just under 3% to its current price of $8,600.

Other major cryptocurrencies have been able to climb in tandem with Bitcoin, with Ethereum and XRP both climbing 3% while Bitcoin Cash posted a notable…

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