While the weekly consolidated price range of Bitcoin (BTC) has reached the lowest levels of the last 3 years, the expectation of high volatility has been put forward recently.
On-chain analytics platform Glassnode published on its official social media account on May 22. in the shipmentBitcoin 7 days consolidated price range last 3 years -most low stated that he had reached one of the levels.
End 7 days -most high with the price range low only in the price range 3.4% Underlining that there is a difference, the platform June 2020 on and earlier this year in similar scenarios pointed out that it happened.
In this context, past data increasingly narrowing trading ranges, taking into account high volatility The platform, which draws attention to the fact that it brings high volatility a break waiting conveyed.
Your volatile movement direction between the narrowing price range if no relationship since the beginning of the year of 65% on appreciated of bitcoin rise to the movement continue thought to be possible.
In case of increased volatility, Bitcoin’s towards 30 thousand dollars 10% off One rise supposed to live possibilities was among.
According to Coinecko data, the latest 30 days in %one depreciating bitcoin, end 24 hours in 1.7% as of writing by experiencing the rise $27,337 traded at the level.
