Bitcoin rose as much as 1.3% Wednesday to trade around $9,544 as of 11:55 a.m. in New York. It’s up more than 30% for the year. The Bloomberg Galaxy Crypto Index, which tracks some of the Low volumes and no volatility in confluence, analysts have said, suggest an imminent Bitcoin breakout of macro importance. Traders have mixed opinions on which way Bitcoin will move after this consolidation. But a Bloomberg analyst recently threw his weight behind the bull case. Bloomberg Analyst Expects a Bitcoin Breakout to the Upside Bitcoin’s volatility has been eerily low over recent weeks. As Bitcoinist has covered extensively, indicators tracking the metric have plunged to multi-month lows as BTC has been caught between $8,500 and $10,000.. On July 3rd, a trader shared the image below, showing Bitcoin’s historical volatility index (one-day, BitMEX) over the past two years. . The chart shows that the index is at its “Bitcoin is more likely to sustain higher levels than the Nasdaq due to increasing demand vs. declining supply and reduced volatility vs. the Nasdaq. Central-bank liquidity and fiscal stimulus may limit equity downside, but it's fuel for bull markets in the quasi-currencies.” Bloomberg expects bitcoin to revisit its record high reached in 2017 and double to $20,000 this year, an analyst note published Tuesday said. and a steady decline in volatility, should keep it
Bitcoin technical analysis today July 19 th 2020: big dump next week
Nov.29 -- Bloomberg's Cory Johnson takes a look at the recent volatility in bitcoin. He speaks with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Mark... Three bitcoin volatility-related questions have been in the spotlight on this week's edition of One Minute Answers from One Minute Economics: 1) ... Bloomberg Markets and Finance 386,898 views. In March, Bitcoin volatility went off the charts as the cryptocurrency saw one of its worst days in history. Within the span of a day, BTC plunged by 50%, reaching lows of $3,700 in a move that ... CAUTION: BITCOIN VOLATILITY RETURNING SOON!? LTC ETH Crypto price prediction, analysis,news, trading ... Bloomberg Markets and Finance 634,332 views. 29:20. $400K Bitcoin (BTC) ... Bitcoin could soon see a massive move as volatility continues to tighten, according to a crucial indicator. Investors, however, remain largely divided over what comes next for the cryptocurrency.