Bitcoin Stability Expected Amid Low Volatility, But Watch for Risk Index Signals

According to insights shared by COINOTAG on February 18th, Glassnode’s co-founder, Negentropic, observed that the closure of the US market on Monday will contribute to diminished volatility in the cryptocurrency space. As a result, Bitcoin is expected to maintain a level of stability in the interim. However, investors should exercise caution, as rising risks have been identified. The Bitcoin Risk Index warrants close monitoring, as it could indicate potential for a price correction. Analysts suggest that critical resistance levels to keep an eye on include $92,000 and $94,000. These thresholds are integral for traders seeking to navigate the turbulent waters of cryptocurrency price trends effectively.