Browsing: Volatility

Bitcoin is stuck in a tight range near $64,000, but traders are watching for a sharp move as volatility continues to shrink. A break higher could put $70,000-$72,000 back in play, while continued weakness may drag $BTC toward $63,800 and possibly $60,000-$61,000.

Add to Google Preferred Sources1 Bitcoin’s 30-day price volatility has fallen to record-low levels, and Fundstrat’s head of digital asset strategy Sean Farrell says historical patterns suggest a 30% or larger price swing could occur within 60 days. Across eight previous episodes of similarly compressed volatility, the median absolute move was 30.2%, with four resulting…

Bitcoin USD trades near $63,500 as of August 18, up roughly +1% on the day after bouncing off an intraday low of $62,751, according to data from CoinGecko. The recovery pushed price above the 78.6% Fibonacci retracement at $63,152 and left BTC near the $65,000 resistance area.