{"id":451344,"date":"2020-12-02T15:44:08","date_gmt":"2020-12-02T15:44:08","guid":{"rendered":"https:\/\/wncen.com\/?p=451344"},"modified":"2024-06-11T14:08:57","modified_gmt":"2024-06-11T14:08:57","slug":"bitcoin-intraday-volatility-explodes-but-historically-is-only-just-getting-started","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-intraday-volatility-explodes-but-historically-is-only-just-getting-started\/","title":{"rendered":"Bitcoin Intraday Volatility Explodes, But Historically Is Only Just Getting Started"},"content":{"rendered":"

Bitcoin price<\/a> is now once again trading around $20,000 and with it has brought about a surge in intraday volatility that the cryptocurrency market has yet to experience.<\/p>\n

However, according to a volatility measuring tool, this trend is only just beginning and will result in an explosive ride to the next bull market peak. Here’s why it is “time to pay attention.”<\/p>\n

Legendary Analyst John Bollinger Calls Top In Bitcoin… For Now<\/h2>\n

The leading cryptocurrency by market cap<\/a> trading back around $20,000 has changed the game for crypto traders and investors significantly. Bitcoin is clearly in a bull market now, but even those experience strong corrections.<\/p>\n

The November monthly close was a $6,000 full-bodied candle, marking the largest in the asset’s short history<\/a>. The massive monthly close, however, is a sign of what’s to come. $6,000 moves per month will become the norm, which translates to equally sizable moves on shorter timeframes.<\/p>\n

$\"bitcoin$ <\/p>\n

Intraday volatility is picking up significantly on all timeframes\u00a0 | Source: BTCUSD on TradingView.com<\/a><\/pre>\nA perfect example arrived yesterday<\/a> when Bitcoin was initially rejected from immediately below $20,000. The selloff caused a 10% and $1,800 drop within an hour, then not even three hours later surged $1,500 and over 7%.<\/p>\n
The pattern produced, however, could be a “classic top setup” according to the creator of the Bollinger Bands<\/a> himself.<\/p>\n
\nOK, time to pay attention, $BTCUSD<\/a>. That is a classic top setup. No confirmation yet and the setup could easily be overrun, but wise traders should wash their glasses.https:\/\/t.co\/RKgTJje5IU<\/a><\/p>\n
— John Bollinger (@bbands) November 30, 2020<\/a><\/p><\/blockquote>\n