Cryptocurrency Analysis and News Portal
All of Bitcoin’s recent volatility has occurred within a relatively tight trading range between $9,000 and $10,000.There have been a few occasions in which the cryptocurrency has broken above or below these range boundaries, but each time has been short-lived and followed by a swift movement back into the range.This
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Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness.This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside.One
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Blockchain browser formerly known as ‘Braver’, which originally forked from the open-source Brave browser, rebranded itself to ‘Bold Browser’ earlier today citing legal threats from a ‘certain party.’Anti-adware forkBraver Browser launched in June following reports of Brave auto-filling the company’s affiliate link into searches for certain crypto exchanges like Binance
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While bitcoin has gained 3% so far this week, the overall trading environment remains dull with volatility hovering at multi-year lows. Ten-day realized volatility, a historical metric, is now at just 20%, the lowest level for two years. That’s “a low that’s only preceded in Sep & Oct 2018,” the Singapore-based
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Ethereum is beginning to flash some signs of strength as it pushes up against the upper boundary of its long-established trading range between $230 and $250.If it can surmount the resistance it is currently facing, it is a strong possibility that it will soon set fresh post-March highs.Analysts are growing
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Chainlink (LINK) is once again entering another parabolic uptrend, with this one coming about in tandem with the surge seen across the aggregated crypto market.The cryptocurrency’s intense uptrend has allowed it to set fresh all-time highs and comes as many other tokens also flash signs of strength.LINK now appears to
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Quick take:June was a relatively stable month for Bitcoin and July looks set to follow a similar path. The lack of volatility by Bitcoin is forming a Bollinger squeeze that could be followed by a major move in either direction. At the time of writing this, there is a 50/50 chance it
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Ethereum has been consolidating over the past few days within the $220 region.Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250.Its sustained bout of
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According to Skew, the implied volatility of Bitcoin reached a 1-year low at 46%. The last time BTC’s volatility reached such a low point, a big price movement followed.Researchers said:“BTC 1month ATM Implied Volatility reaches a 1-year+ low at 46%.”The volatility of Bitcoin last dropped to around 50% in the
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While Bitcoin has seen its fair share of short-term volatility, on a macro scale the cryptocurrency is still consolidating.The below chart from Blockroots founder Josh Rager, a crypto trader, displays this well. The chart shows that over the past ~seven weeks, BTC has been effectively trapped between $8,500 and $10,000.
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