If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: “volatility,” “bond prices” and the potential of a “sharp move” in Bitcoin
price.
Multiple analysts have placed emphasis on Bitcoin’s range-bound price action, leading some to question whether this is a sign of a market bottom, or even a decoupling from equities markets.
In its latest “The Week On-chain” newsletter,titled “A Calm Before The Storm,” Glassnode analysts said:
“Recent weeks have seen an uncharacteristically low degree of volatility in Bitcoin prices, in stark contrast to equity, credit, and forex markets, where central bank rate hikes, inflation, and a strong US dollar continue to wreak havoc.”
Research outlet Delphi Digital also chimed in on the subject, pinpointing the Bollinger Band Width Percentile (BBWP) metric as proof that there could be “a big move brewing for BTC.” According to Delphi Digital, “Historically, BBWP readings above 90 or below 5 have marked major...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...