Will Bitcoin’s low volatility help push prices beyond $27k?
AMBCrypto
19 Sep 2023 9:30 PM
Reclaiming $27,000 may have brought back confidence into the market. However, this may not be the end of Bitcoin's upward trajectory. For reasons, check out what's discussed here....
- Bitcoin's volatility has remained low over the last three months, with the price consolidating between $25,000 and $26,000.
- Despite the drop in price, low volatility is seen as a bullish sign for Bitcoin.
- The annual realized volatility is currently very low, indicating a high chance of price increase.
- Traders are showing a bias towards increasing BTC-related contracts, as indicated by the Estimated Leverage Ratio (ELR).
- The Stablecoin Supply Ratio (SSR) is currently low, suggesting potential buying pressure and a possible price rise.
The sentiment in the article is generally positive, with the low volatility of Bitcoin being seen as an advantage and a potential indicator of a price increase. Traders and investors are optimistic about the future performance of Bitcoin.
You May Ask
What has been the volatility of Bitcoin over the last three months?How is low volatility seen as a bullish sign for Bitcoin?What is the Estimated Leverage Ratio (ELR) and how does it indicate traders' sentiment?What is the Stablecoin Supply Ratio (SSR) and how does it affect the spot market sentiment?What is the potential price range for Bitcoin based on the current market conditions?