While volume and volatility are falling in Bitcoin (BTC), the next move is thought to be “hard” in the environment of uncertainty.
Bitcoin’s volume and volatility chart continues to give signals about the future of the market. According to experts volume in 1 month occurring at the 30%The decline of 8% and the calm volatility in recent weeks indicate an atmosphere of uncertainty.
Behind this uncertainty, aside from the volume drop macroeconomic banking crises and the US Federal Reserve (FED) His ambiguous stance on interest policies is pointed out.
Investors are undecided
Although it is difficult to make a clear prediction about the future of the market, according to market analysts, a cloud of uncertainty is hovering over investors in the current situation.
Showing Bitcoin volatility Average True Range (ATR) of the indicator March 24 local top in history from 1.426 to 900 regressing 37%While it is observed that there is a decrease close to . 16% of volatilitywas lost.
According to experts ATR This decline in particular and the accompanying volume loss draws a difficult picture for the future of the market. When we look at the situation we are in, Bitcoin’s volume is the last 30 days in 30% appears to be falling, and this supports the thesis of analysts.
In addition, the decrease in volume and volatility on-chain supported by the data. The number of active addresses in the Bitcoin network since April of 33% on while in decline investors just to see what happens. set aside it awaits.
US crisis could trigger a new rise in Bitcoin
After generally voluminous markets hard moves is occurring. With the increase in volume in Bitcoin, the drastic movement that will come is it up or down Pretty sure it’s going to happen difficult is is being considered.
On the other hand, many analysts currently For Bitcoin, which has been in a bearish period for a month, there is no longer a seller, so the volume is increased. experiencing a decline And the trend will change upwards guesses.
Especially the US-based banking crisis has taken a serious toll on Bitcoin. rise had triggered. in the current state US default claims It may be the pioneer of a bullish move specific to Bitcoin. Bitcoin’s rising dominance in the cryptocurrency market also supports this situation. In this case, while the uncertainty environment continues, investors’ your most trusted asset It reveals the fact that it is Bitcoin.
According to Coinecko data, the latest 30 days in 10% devalued bitcoin, end 24 hours in 1.7% declining as of writing 26,808 finds buyers at the dollar level.