{"id":409512,"date":"2020-01-02T18:00:00","date_gmt":"2020-01-02T18:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=409512"},"modified":"2024-06-11T13:36:07","modified_gmt":"2024-06-11T13:36:07","slug":"bitcoins-next-move-expected-to-be-aggressive-as-volatility-wanes","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoins-next-move-expected-to-be-aggressive-as-volatility-wanes\/","title":{"rendered":"Bitcoin\u2019s Next Move Expected To Be Aggressive As Volatility Wanes"},"content":{"rendered":"

As Bitcoin<\/a>\u2019s downtrend begins to run out of steam and selling momentum, the first-ever crypto asset has been trading within an increasingly tightening trading range, between lows or $6,400 to highs of $7,600.<\/p>\n

But as volatility disappears from the cryptocurrency market, the next move, while not necessarily near, will be an extremely aggressive one according to one outspoken crypto analyst and trader.<\/p>\n

Volatility Disappears From Crypto Market As Traders Await Direction Decision<\/h2>\n

Bitcoin price<\/a> is ready for a fresh start in 2020. After exploding into the public eye in 2017, then suffering an extended bear market throughout 2018, 2019 offered crypto investors a glimmer of hope, that ultimately turned back into fear, uncertainty, and doubt.<\/p>\n

Related Reading | Are Crypto Traders Becoming Less Confident The Bottom Is In?\u00a0<\/a><\/strong><\/em><\/p>\n

The leading cryptocurrency by market cap bottomed out around $3,100, then went on a powerful, parabolic rally and in the matter of just three short months had grown all the way to $14,000 \u2013 with returns of over 350% from trough to peak.<\/p>\n

Bitcoin<\/a> couldn\u2019t set a new all-time high and instead fell back into a downtrend that according to current price action, may be running out of momentum and a reversal may be building.<\/p>\n

However, as the selloff slows, volatility has started to reach extreme lows for the typically volatile crypto asset. As volatility drops<\/a> in Bitcoin, though, it often precedes an extremely strong movement.<\/p>\n

Next Bitcoin Breakout Will Be An Aggressive One<\/h2>\n

One crypto analyst expects Bitcoin<\/a> to make one of these very \u201caggressive\u201d moves in the coming days, and one that\u2019ll cause a break in the lull in volatility.<\/p>\n

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$BTC<\/a> Volatility near ATL's. This chart doesn't indicate that a move is near, but looking at most of the majors' charts I expect the next move to be an aggressive one. pic.twitter.com\/i6wlVINGsw<\/a><\/p>\n

— the dude (@cryptodude999) January 2, 2020<\/a><\/p><\/blockquote>\n