Well, the good news is bitcoin continues to hold the 90k area support bouncing off it once again. The bad news is bitcoin keeps holding the 90K area support, meaning we continue to be rangebound and test support followed by a small bounce back toward 100K.
Calm before the storm?
The reality is times of low volatility both follow and proceed times of high volatility. Round and round and up and down the carousel goes. Just the nature of the market.
So, are things less volatile leading into the change in Presidential administration here in the U.S.???
Maybe, or maybe that has nothing to do with it and we are just looking for a news catalyst to give us some reason.
At the end of the day all we can do is wait and find out. Price consolidation for now though.
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Things were less volatile until they weren't :D
BTC $104K just 20 hours after your post, so I think you were right about it being calm then and we're seeing the start of the storm of burning fuel under the rocket that we all hope symbolizes the price of our crypto bags! Up Up and away!
And for out beloved HIVE, do you have any thoughts about whether we'll get the fifth pump which is happening on a regular basis it seems? I'll be watching tonight to see what happens at 00:00 UTC and I hope we get another nice Pump like we did exactly a week before then!
Thanks for your thoughts on the crypto prices, and good luck to us all!
Yeah, nice to see BTC pop. We are still in the trading range but atleast above 100K. HIVE, well who knows. It is looking saggy but as we have seen a pump can randomly happen out of nowhere. The futures aren't pro pump right now tho as the funding rate has flat lined. Pumps have happened with dips in the funding rate since futures went life almost a month ago.