It seems like Bitcoin volatility is on the decline. If you haven't noticed we've sort of been holding at these levels recently. Historic trends might indicate that we've hit the bottom, (I don't know, it could be).
You might have noticed about the Bitcoin price that the volatility has really leveled out and if you look historically at Bitcoin, you see these patterns, identifying just the core value propositions and the macro trends of Bitcoin and the way it moves in the market, you see these having's take place and then Bitcoin runs up in price and then it falls back down and then it goes through a period of retracement slash consolidation and then it hits the bottom and then it starts to very slow build back up slash consolidate up into the next having, and then we see the exponential movements.
So, are we at the phase of decrease in volatility, Consolidation, slow uptrend?
Probably so, we are probably at or near the bottom, and this could be completely wrong, but probably we are at or near the bottom.
You might have seen people rage quitting crypto Twitter, getting out of cryptocurrencies in recent couple of months or so then ever. But according to some experts probably we reached peak capitulation. And probably the people that are still here now, are here for the long run and hopefully the price is done tanking.
We now hope that we are in a good spot, and we hope that we have reached the bottom of the bear market and we are now entering the consolidation / slow uptrend into the having phase.
Probably we are reaching a period of lower volatility up until the next having, until we see more exponential movement. Probably we don't see as much decline, we might still see a little bit of decline, but again, it's just a random opinion, don't take it as a financial advice.
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Thank you so much for sharing!
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You welcome buddy :)
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What were seeing is mass accumlation right now by big players. If you're looking to buy, make sure to dollar cost average. For instance, lets say you have $300. Hopefully you bought around the 3800 that we saw a couple days ago. Buy another $100 now. Then wait for more price action.
That'll be a pretty safe strategy to play. But for now, everything can happen. Right now, we're kind of nowhere, between major moving averages, with a probability to drop even further. I wrote about this today, if you're interested:
https://steemit.com/bitcoin/@aezakmi/bitcoin-latest-price-action-a-closer-look-at-what-s-going-on
Cheers
Probably Yes
no .Btc will up at 7k in next 1 month
How are you so sure? Based on previous history?
all time december are the best for btc
Defended (10.09%)
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