{"id":355364,"date":"2018-10-26T17:00:24","date_gmt":"2018-10-26T17:00:24","guid":{"rendered":"https:\/\/wncen.com\/?p=355364"},"modified":"2018-10-26T16:37:41","modified_gmt":"2018-10-26T16:37:41","slug":"analyst-low-volatility-is-a-positive-sign-for-the-cryptocurrency-markets","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ai-and-tech\/analyst-low-volatility-is-a-positive-sign-for-the-cryptocurrency-markets\/","title":{"rendered":"Analyst: Low Volatility is a Positive Sign for the Cryptocurrency Markets"},"content":{"rendered":"
As the cryptocurrency markets continue to trade sideways as trading volume decreases, many traders are beginning to lose patience and interest in the markets.<\/p>\n
Despite this unusual trading activity in generally volatile markets, one analyst believes that it is actually a good sign for the future success of the markets.<\/p>\n
At the time of writing, Bitcoin is trading at $6,465, still stuck in its unprecedented trading range between $6,200 and $6,800. In the past month, BTC has only broken out of the range once, when it sharply moved up to nearly $7,000 in mid-October. After making this sharp upwards move, it was quickly thrown back down to approximately $6,600, gradually declining ever since.<\/p>\n