Flow

Based

Bitcoin

Read

Divergence

<div class="coingape"> 
 <h2 id="bitcoin-price-volatility-in-the-cards">Bitcoin Price Volatility in The Cards?</h2> 
 <p>The trading range in&nbsp;<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price, alongside that of altcoins like Ethereum, has narrowed significantly over the past six weeks,&nbsp;based on insights released by K33 Research, a digital assets wealth management platform.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>According to the report, the crypto market stability continues to defy macroeconomic factors, and key industry events, which would have sent investors on a rollercoaster a few years ago.</p> 
 <p>“A deep crypto sleep tends to be followed by a violent wake-up,” Vetle Lunde a K33 senior analyst said. “The market is clearly in an unprecedented stable stage, which has typically acted as a massive pressure valve for volatility once it finally reignites.”</p> 
 <p>Meanwhile, support at $29,100 has been reinforced by the 61.8% Fibonacci level, and with the Money Flow Index (MFI) moving above the midline, the path with the least resistance could to the upside.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/03/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/03/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/02/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/02/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <figure id="attachment_155893" aria-describedby="caption-attachment-155893" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155893" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201148%20609'%3E%3C/svg%3E" alt="Bitcoin price holds $29.1k" width="1148" height="609" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/04/19f3266b41e2d7457dd3a916caa2f417.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155893" src="https://cdn.thebittimes.com/images/2023/08/04/19f3266b41e2d7457dd3a916caa2f417.webp" alt="Bitcoin price holds $29.1k" width="1148" height="609"> 
  </noscript> 
  <figcaption id="caption-attachment-155893" class="wp-caption-text">
    BTC/USD daily chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>A rebound from that support would confirm a buy signal from the Moving Average Convergence Divergence (MACD) indicator. Traders trading this momentum indicator may want to ascertain that the MACD line in blue has flipped above the signal line in red before triggering their buy orders.</p> 
 <p>A subsequent break above the 50-day Exponential Moving Average (EMA) (red) would add credence to the uptrend, thus increasing investor confidence in the&nbsp;<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price recovery&nbsp;above $30,000.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>“My short-term thesis,” Lunde continued, “is that the market’s volatility pressure is about to climax and that an eruption is near.”</p> 
 <h2 id="bitcoin-price-could-explode-anytime">Bitcoin Price Could Explode Anytime</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s five-day volatility low dropped below that of the S&amp;P, Nasdaq, and gold. Based on the K33 Research report, this has happened only a handful of times, with a volatility eruption following thereafter.</p> 
 <p>Investors should consider the 30-day volatility index, which has recently dropped almost to a five-year low in addition to the volume significantly shrinking.</p> 
 <p>On-chain insights from Glassnode show that long-term holders of <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> have been reducing their supply, suggesting that they are ready to sell, especially if the price sinks further below $30,000.</p> 
 <figure id="attachment_155894" aria-describedby="caption-attachment-155894" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155894" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201118%20578'%3E%3C/svg%3E" alt="Bitcoin price holds $29.1 support" width="1118" height="578" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/04/0420685a5b0eca9edcd53a247e463d22.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155894" src="https://cdn.thebittimes.com/images/2023/08/04/0420685a5b0eca9edcd53a247e463d22.webp" alt="Bitcoin price holds $29.1 support" width="1118" height="578"> 
  </noscript> 
  <figcaption id="caption-attachment-155894" class="wp-caption-text">
    Bitcoin long-term holders – Glassnode 
  </figcaption> 
 </figure> 
 <p>An increase in the supply of BTC held by long-term holders shows that investors are willing to keep their positions, instead of taking profits.</p> 
 <p>That said, losses below $29,100 support might trigger panic selling among investors, exerting more pressure on $28,000. It is too early to rule out the possibility of declines extending to $25,000 before&nbsp;<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> begins the run-up to $35,000 and $38,000&nbsp;subsequently.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Hidden Mistake In XRP Ruling?: Will Judge Torres Review It</li> 
  <li>Binance CEO Flags ‘Massive Conflict Of Interest’ In US DOJ Charges Report</li> 
  <li>Breaking: Early Terra Luna Classic Developers Seek Return To Revive LUNC &amp; USTC To $1</li> 
 </ul> 
</div>

Bitcoin Price Calm Before The Storm: Selling Now to Buy Later?

Table of Contents

TheBitTimes

Alte articole publicate pe 4 aug. 2023

Curve Finance exploiter returns $12.7 million of stolen funds

Curve Finance exploiter returns $12.7 million of stolen funds

Bitcoin Exchange Binance Announces Adding A New Altcoin Parity To Margin Transactions!

Shiba Inu Emphasizes Key Benefits of Its Newly Launched ShibariumSSI

$4.5M Related to Curve Finance has been Retrieved

Asterizm – plug and play cross-chain infrastructure – Interview with the team

Join our free newsletter for daily crypto updates!