BITCOIN VOLATILITY FALLS TO ITS FOUR MONTHS MINIMUM IN FOUR MONTHS

Updated: 09/11/2019 14:34
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btc volatility minimum
Bitcoin volatility goes down to its minimum within last four months learn about the reports from Blockforce Capital analysts about the possible
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Bitcoin volatility goes down to its minimum within last four months learn about the reports from Blockforce Capital analysts about the possible consolidation

Over the past few weeks, we have seen slight fluctuations in bitcoin. Today, the volatility indicator is at its lowest point in four months.

A review by Blockforce Capital analysts said that in monthly terms, volatility was just over 53%. It was at about the same level on May 11, when the largest digital currency was trading around $ 7,000.

Blockforce Capital analysts conducted a similar study in late August. Then they said that since July, volatility has declined by about 50%.

Over the past few weeks, BTC has been trading at the level of $ 10-11,000. In this range, bitcoin has been almost the whole of August.

According to David Martin, Blockforce Capital's top manager, Bitcoin will complete consolidation in September. This phase started in early August and may end in September. In any case, a decrease in volatility is always the calm before a storm.

As soon as the consolidation stage is completed, BTC will definitely return to explosive growth, the expert believes.

On Wednesday, September 11, the largest digital currency is trading at a loss of $10095.56, its market capitalization now stands at just over $ 181.006 billion.


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