Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sayeds56
on 11/09/2023, 15:34:40 UTC
⭐ Merited by JayJuanGee (1)
#Bitcoin    Impulsive Move Nearby. 🚀

The extremely low volatility we are witnessing right now is not something new in #BTC    cycles. It usually lead to impulsive moves.


You are absolutely correct, the historical patterns indicate that low volatility is often followed by sharp and impulsive moves in Bitcoin price. While predicting future price of Bitcoin is extremely challenging task, considering low liquidity in the market and average buying cost of  Bitcoin in the range of $23,000 to $24,000, according to on-chain analysis, suggests the possibility of further downward movement in Bitcoin's price before any potential reversal becomes possible.


https://markets.chainalysis.com/#trading