Bitcoin

Bitcoin (BTC) and altcoins entered October, known as the month of rise, with great expectations, but the tension between Iran and Israel dealt a big blow to the cryptocurrency market.
As the uncertainty between Iran and Israel continues, investors are also worried. This situation is reflected in the market as volatility, and one analyst said the weekend will be very volatile.
Speaking to CoinDesk, Arbelos Markets co-founder Joshua Lim said that volatility is expected in Bitcoin this weekend due to the US non-farm payrolls data due today and geopolitical tensions in the Middle East.
Pointing out that Bitcoin has been mostly calm on weekends since last October, the analyst stated that this situation has changed.
Citing Deribit options data, Lim said Bitcoin is expected to see significant price swings on Oct. 5. Specifically, the data indicated that a jump in annual implied volatility is expected from 39% to 51% between Oct. 4 and 5.
Joshua Lim said that based on volatility data, investors priced in price fluctuations on Friday and Saturday, adding:
<blockquote>
 ” Traders expect more volatility in Bitcoin price on October 4-5. There is a very noticeable fluctuation in the volt curve – Friday (October 4) traded at around 39 vol and Saturday (October 5) traded at 51 vol.
 This volatility could be due to the nonfarm payrolls data (NFP) due on Friday and geopolitical tensions. The market is pricing in a risk premium from the nonfarm payrolls data, but more importantly, the possibility of Israeli retaliation following the Iranian move.
 So investors are expecting increased volatility in Bitcoin due to nonfarm payrolls data and geopolitical tensions in the Middle East.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-will-bitcoin-move-this-weekend-analyst-says-it-could-be-tough-for-btc-explains-his-predictions-and-why/" rel="noopener noreferrer nofollow">How Will Bitcoin Move This Weekend? Analyst Says It Could Be Tough for BTC, Explains His Predictions and Why!</a>

How Will Bitcoin Move This Weekend? Analyst Says It Could Be Tough for BTC, Explains His Predictions and Why!

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