Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts
Bitcoin (BTC) has shown strength in the recent market shock, maintaining a crucial $100,000 hurdle during the decline. While flagship cryptocurrencies are temporarily expected to continue their horizontal trajectory, some analysts predict that BTC’s next leg may begin once the recently lost key levels are retracted.
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Bitcoin volatility is lower than Q1 2024
Post-election pumps have brought the cryptocurrency market to new highs, with Bitcoin leading the climb. Two months ago, flagship cryptocurrencies crossed the $100,000 barrier for the first time, reaching $108,000 in mid-December.
However, the market has seen some important shake Since then, this has stopped investor sentiment. After the December peak, flagship cryptocurrency (flagship cryptocurrency) recorded a 14% review, sending its price to a lower area in the post-election range of $90,000-$108,000.
In early January, BTC was Recycle $100,000, down nearly 13% before rebounds. Mid-month, Bitcoin fell back 10% after its latest all-time high (ATH) priced at $109,588, but maintained a $100,000 mark over the next few days.
However, the recent corrections have brought BTC’s Friday high down 14% in $106,000 and nearly 10% in 24 hours, triggering the largest cryptocurrency clearing. Despite these back trials, Bitcoin bounced from local lows and continued to move in the mid-zone of the post-election range.
Market Watcher Daan Crypto Trading Famous BTC has “relatively low” volatility over the past few weeks, especially compared to early 2024.
When Bitcoin passed the $70,000 region in March, the cryptocurrency swung higher, recovering 20% during these corrections. Since then, volatility has “slowly decreased” and Bitcoin’s price has “been higher and higher in this cycle.”
Bitfinex analyst Before Note that the “unique” conditions of the cycle drive the trend to decrease. According to the report, mainstream acknowledgement, institutional adoption and increased confidence in the industry have made BTC corrections smaller than in the past cycle, which may continue to continue the rest of the Bulls.
Is the takeoff coming soon?
As the price of BTC continues to move sideways Within its range, flagship cryptocurrencies look “stronger” than most markets, “and still look good when zoomed in.” Daan additional “There is much higher demand for BTC compared to other markets, especially during times of uncertainty.”
But crypto analyst Miles Deutscher Highlight BTC’s search interest “although it’s situated below the 2021 level despite being at a price of less than $100,000.” This suggests institutions are fueling the run of Bitcoin bulls and “no longer relying on retail fanaticism to pump BTC prices ”.
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Meanwhile, crypto analyst Jelle statement The Bitcoin playback is similar to Q1 2024, listing the “off-and-off” period, with liquidity being taken out and the Moving Average Convergence Difference (MACD) retested as a “flashing” signal again.
Before the flagship cryptocurrency breaks through to the ATH in March 2024, this performance is in its March 2024, and if history repeats itself, a price increase can be proposed very quickly. Nevertheless, Jer additional Until any significant price transfer, this $100,000 is still the level of breaking and holding.
Featured images from Unsplash.com, charts from TradingView.com
