{"id":381,"date":"2022-05-05T02:12:10","date_gmt":"2022-05-05T02:12:10","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-could-see-10-jump-as-volatility-drops-to-18-month-low\/"},"modified":"2022-05-05T02:12:10","modified_gmt":"2022-05-05T02:12:10","slug":"bitcoin-could-see-10-jump-as-volatility-drops-to-18-month-low","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-could-see-10-jump-as-volatility-drops-to-18-month-low\/","title":{"rendered":"Bitcoin Could See 10% Jump, As Volatility Drops To 18-Month Low"},"content":{"rendered":"

Bitcoin <\/p>\n

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After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike.<\/p>\n

Bitcoin Bitcoin Poised For 10% Jump<\/h2>\n

Various analysts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are bullish on the bullish trend, with the Bitcoin price currently holding above $39,000.<\/p>\n

In a tweet on May 4, on-chain data provider Santiment published historical data showing a 20% rally as a result of BTC transactions is negative at the same levels between February 16 and 22. The week’s Bitcoin Ratio of On-Chain Transactions Volume in Profit\/Loss statistic is the third largest capitulation in a year.<\/p>\n

As technicals improve, several analysts and traders forecast a price increase in the following days.<\/p>\n

Michaal van de Poppe predicts that the price of Bitcoin (BTC) will rise from current levels. He stated,<\/a><\/p>\n

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“Bitcoin starts to look way better at this stage. Odds that the event tonight is a ‘Sell the rumour, Buy the News’ event are increasing.”<\/span><\/p>\n<\/blockquote>\n

A prominent crypto trader, The Wolf Of All Streets, predicted<\/a> a rebound in Bitcoin price as it breaks above the trend line. A big rise could be anticipated if the BTC price stabilizes over $39,000.<\/p>\n

\"bitcoin<\/p>\n

Bitcoin On-Chain Transactions Volume. Source: Santiment<\/pre>\n
According to PlanB, the original $55K S2F model, which was released in March 2019, appears to be tracking the Bitcoin price trend. He also expects Bitcoin to rise in value.<\/p>\n
The price of Bitcoin (BTC) has regained over 5% in the previous 24 hours, stabilising near $39,000. Whales continue to accumulate at dips, resulting in a huge increase in trading volume. Furthermore, the BTC has avoided a drop below the critical support level. It suggests that a rally could happen in the next several days.<\/p>\n
Suggested Reading | Bitcoin Briefly Tops $40,000 As More Countries Adopt Crypto<\/a><\/em><\/strong><\/p>\n
Bitcoin BTC Trades Sideways<\/h2>\n
BTC has been trading sideways over the past few days, with the price dropping below $40,000 on April 26. Although, after reaching the swing highs near $48,000, the price has already begun to drop. BTC retreated and lost 45 percent of its value. BTC sellers, on the other hand, are weary as the price trades sideways in a narrow range since April 25.<\/p>\n
B\"bitcoin<\/p>\n
BTC\/USD trades sideways. Source: TradingView<\/a><\/pre>\n
A daily close below the session’s low, on the other hand, would disprove the bullish price assumption. In that situation, $36,000 would be the lowest point on the downside.<\/p>\n
BTC\/USD is currently trading at $39,874, up 5.63 percent for the day as of publishing time. According to CoinMarketCap, the first cryptocurrency by market capitalization has a 24-hour trading volume of $35,528,442,016.<\/p>\n
Suggested Reading | Will Bitcoin Shoot Over $40,000 — Or Drop To $35,000?<\/a><\/em><\/strong><\/p>\n
Bitcoin Volatility Drops<\/h2>\n
Bitcoin’s historical volatility is at 18-month lows, according to statistics released by the Buy Bitcoin Worldwide webpage. Its anticipated 60-day average value fell to 2.62%.<\/p>\n
Bitcoin (BTC) volatility was last this low in November 2020, when the orange coin broke through $10,000 for the first time in this bullish cycle.<\/p>\n
\"bitcoin<\/p>\n
Image by Buy Bitcoin Worldwide<\/a><\/em><\/pre>\n
On April 27, 2022, thirty-day volatility reached a local low, but it is already showing signs of recovery.<\/p>\n
The Bitcoin Volatility Index (BVOL), similar to the stock market’s VIX, shows how much Bitcoin’s price changes on a given day in relation to its previous price.<\/p>\n
The most recent increase in Bitcoin (BTC) volatility occurred in July 2021, when the flagship cryptocurrency was twice as volatile over a 30-day period as it is now.<\/p>\n
Featured image from Pixabay, chart from TradingView.com<\/a><\/pre>\n<\/div>\n
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike. Bitcoin Bitcoin Poised For 10% Jump Various analysts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are bullish on the bullish trend, with the Bitcoin price currently holding above $39,000. In a tweet on May 4, on-chain data provider Santiment published historical data showing a 20% rally as a result of BTC transactions is negative at the same […]<\/p>\n","protected":false},"author":1,"featured_media":382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[18,126],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/381"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=381"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/382"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}