Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Dociko on October 07, 2020, 09:47:18 AM
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Receding volume and sideways price action signal that Bitcoin price volatility will increase soon. The markets have been relatively dull for the past 2 months as the price of Bitcoin (BTC) has been sustaining between the $10,200-$11,000 range. In recent days, the range has been narrowed even further, leading some traders to forecast a breakout.
However, Bitcoin’s price hasn’t been showing any direction, while altcoins have taken a downward slope. The majority of the markets have been in massive corrections and this isn’t a strong signal for the total market.
Details: https://cointelegraph.com/news/9-100-bitcoin-price-possible-if-volume-and-price-action-stay-sideways