A weird signal is flashing but here's what it could mean for the BTC price.
A weird signal is flashing but here’s what it could mean for the BTC price.
Bitcoin price is usually more volatile than stocks, but with 30-day volatility in BTC trading at 5-year lows, this recently was not so. Markets now have a rare volatility inversion between Bitcoin and stocks on their hands.A slowdown in sales on crypto exchanges, low trading volume, and a 6% slide over July accompanied Bitcoin’s dead-quiet pulse to close last month.
That means the calm down in Bitcoin price movements might indicate a bullish trend reversal. This period of unusually low price swings and volume could be the quiet before the storm. Upward trends are usually periods of erratic price movements, although bear markets can be volatile as well the longer they go.
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