Bitcoin Intraday Volatility Explodes, But Historically Is Only Just Getting Star

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Bitcoin Intraday Volatility Explodes, But Historically Is Only Just Getting Star

Bitcoin price 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.

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.”

The November monthly close was a $6,000 full-bodied candle, marking the largest in the asset’s short history. 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.

A perfect example arrived yesterday 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%.

The pattern produced, however, could be a “classic top setup” according to the creator of the Bollinger Bands himself.









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