potential Bitcoin scenario with low volatility until 2021

The price of Bitcoin (BTC) increased by 3% in the last 24 hours from $10,322 to $10,680. But BTC still faces a significant resistance level around $11,000 and has seen low volatility since Sep. 3.

The declining open interest of the futures market and the stagnant spot market volume raise the probability of low volatility.

Low volume, low open interest and major Bitcoin resistance ahead

Technically, Bitcoin is in a position where it has risen above a crucial level at $10,570, which has…


Source link

About bitcoin

Check Also

Pro traders added to shorts as Bitcoin price broke $12K, data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish …

Leave a Reply

Your email address will not be published. Required fields are marked *