A Critical 30% Bitcoin Breakout Is Weeks Away: Volatility Analysis

As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a volatility analysis predicts that a massive move in the Bitcoin market is brewing. Related Reading: Once-a-Cycle Bitcoin Bull Signal Just Appeared for the 1st Time Since 2016 Bitcoin Volatility Analysis Suggests An Imminent 30% Move Blockroots co-founder Josh Rager noted…

New Analysis Shows Bitcoin Is Structurally Similar to 2018’s $3k Bottom

After pushing as high as $9,300, Bitcoin bulls faced yet another strong sell-off on Thursday. The cryptocurrency slid from that local high to a low of ~$8,930 in a number of hours in a move that liquidated dozens of millions. Despite this drop, there remain multiple valid analyses indicating that Bitcoin is about to press higher. Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin’s Current Range Is Similar to 2018’s Bottom Looking at Bitcoin’s recent price action, it’s easy to call it “boring.” Save…