{"id":390567,"date":"2019-07-22T08:00:04","date_gmt":"2019-07-22T08:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=390567"},"modified":"2019-07-22T07:48:55","modified_gmt":"2019-07-22T07:48:55","slug":"a-week-of-bitcoin-volatility-expected-as-btc-consolidation-prolongs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/a-week-of-bitcoin-volatility-expected-as-btc-consolidation-prolongs\/","title":{"rendered":"A Week of Bitcoin Volatility Expected as BTC Consolidation Prolongs"},"content":{"rendered":"

With a neutrally closing weekly candle traders and analysts are expecting this week to be a little livelier for Bitcoin. The weekend saw a little action but gains could not be maintained as BTC and altcoins fell back into their channels.<\/p>\n

No Progress Over $11k For Bitcoin<\/h2>\n

Late Saturday\/early Sunday saw BTC rise back to tap $11,000 but it only remained there for a couple of hours before sliding back to an intraday low of just below $10,400. Daily volume has tailed off quite a bit over the weekend, however, and is now down to $16 billion as markets remain range bound.<\/p>\n

BTC is back at the same price<\/a> it was this time last month and analysts are expecting a little more volatility this week after some lengthy consolidation. The longer Bitcoin consolidates the bigger the next move usually is. This was observed by \u2018Chonis Trading\u2019 on crypto twitter earlier.<\/p>\n

\u201cThe Longer #bitcoin takes to consolidate the Bigger the next move becomes … $BTC is the same price it was exactly a month ago… the next break should happen quicker and larger than the last…\u201d<\/p><\/blockquote>\n

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The Longer #bitcoin<\/a> takes to consolidate the Bigger the next move becomes … $BTC<\/a> is the same price it was exactly a month ago… the next break should happen quicker and larger than the last… pic.twitter.com\/fJXC9mG3Rp<\/a><\/p>\n

— BIG Chonis (@BigChonis) July 22, 2019<\/a><\/p><\/blockquote>\n