Bitcoin

April

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 <p><strong>One indicator, in the opinion of a well-known crypto analyst, may indicate that Bitcoin (BTC) is ready to embark on a significant bull run.</strong></p> 
 <p>The anonymous host of InvestAnswers explains to his 446,000 YouTube subscribers while pointing to a chart from the crypto analytics firm Glassnode that given Bitcoin’s low volatility, it is a good moment for traders to be patient with their investments.</p> 
 <p>“Low volatility is a sign of a bull market, believe it or not. And Bitcoin has a history of going on massive runs almost every single time after a period of low volatility. And in fact, Bitcoin’s current level of volatility is the second-lowest ever on record. The only time it was lower was back in 2017…</p> 
 <p>The last time this happened was right before the bull run started that took Bitcoin up to $20,000. We watched it go very quickly from $3,000 to $20,000.”</p> 
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 <p class="has-text-align-center"><em>Source: Invest Answers/YouTube</em></p> 
 <p>The researcher also points out that earlier times of minimal volatility preceded price hikes in May 2016, April 2019, February 2013, and November 2020.</p> 
 <p>The analyst claims that BTC’s recent slight price fluctuation is evidence of its low volatility. At the time of writing, the price of one bitcoin is $29,193. According to market capitalization, the top-ranked cryptocurrency asset has lost 0.17% over the past day, 0.91% over the past week, and almost 6% over the past 30 days.</p> 
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‘Calm Before the Rampage’ – InvestAnswers Predicts Bitcoin’s Massive Surge

TheBitTimes

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