Price Analysis: BTC is Getting Relatively Stable but Is that Good?

[Goodcat49]

Bitcoin seems to be becoming relatively stable, with price fluctuation ranging from around $6,300 to $6,500 over the week.

   

During the previous week, the price has seen a short spike to $6,530, and then a bearish correction to $6,390. It never got lower than $6,300 until the end of the week, with the lowest value shown over the weekend.   

An uptrend has begun along with the new week. On November 5, BTC spiked again to $6,480, and then retracted a bit. As of press time, the price amounted to $6,439.   

Volatility is Actually Good for the Market
 
Compared to previously seen price swings, the current trend could be called relatively stable, with some experts expressing optimism about the future. However, some of the community players think the absence of significant price fluctuations is actually not that good for the market.   

Arthur Hayes, the CEO of BitMex, argues that volatility is essential for bitcoin mainstream adoption.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/btc-is-getting-relatively-stable/