Bitcoin Historical Volatility Fractal Points To Brewing Bullish Explosion

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rhea.khan
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Bitcoin Historical Volatility Fractal Points To Brewing Bullish Explosion

Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self.

Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off to unprecedented heights.

Ethereum Single-Handedly Holding Down Entire Altcoin Market, According to Crypto Analyst Justin Bennett

I don’t often peg the direction of a market on a single level. However, I’m willing to make an exception in the case of Ethereum. There’s an ETH/USD trend line that dates back to November of last year that is paramount for altcoins. As long as the market falters at this level, the entire crypto market will remain stagnant and vulnerable…

I haven’t seen anyone talking about this trend line on ETH/USD, but it’s single-handedly holding the market down.”

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