Bitcoin is ending its latest week’s trading just inches from where it began on Monday, as a major breakout evades the market. Despite fluctuations throughout the week, Bitcoin price performance failed to inspire traders, with a narrow trading corridor characterizing the market.
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Bitcoin circles $9,200 as realized volatility sees three-year lows
Decreasing volatility and a narrow trading corridor makes Bitcoin ripe for a breakout, according to one analyst
Bitcoin traded in a tight corridor on July 15 as stocks reacted to fresh coronavirus news. Data from CoinMarketCap showed a quiet 24 hours for BTC/USD, which began the week showing classic stock market correlation.
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Realized volatility is very low. Is it mimicking the 2018 bear market? (Photo: Tambako the Jaguar/Flickr)Bitcoin Hash Rate Hits Record as Realized Volatility Mimics 2018 Bear Market
A mixed bag of fundamentals presents a varied picture about the future of Bitcoin markets in the face of continued weak price action
Bitcoin fundamentals suggest that its 2020 lows are behind it — but one indicator is flashing alarmingly bearish as volatility fades from the market.
