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via Cointelegraph · By Cointelegraph Staff

Bitcoin Volatility Drops 56% As Analysts Watch For 20% Price Move

BTC

BTC/USDT

$64,592.00

+0.55%

$64,592.00

+0.55%

(24s)

24h Volume

$10,762,529,689.13

24h H/L

$64,823.52 / $63,270.00

Change: $1,553.52 (2.46%)

Long/Short

61.6%

Long: 61.6%Short: 38.4%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,591.99

▲ 2.02%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,616.72

Resistance 1$64,699.58

Price$64,591.99

Support 1$64,224.65

Support 2$62,211.02

Support 3$59,130.91

Pivot (PP):$64,242.50

Trend:Downtrend

RSI (14):43.2

Cointelegraph Staff

(08:34 PM UTC)

1 min read

Verified byJames Mitchell

1148 views

0 comments

Bitcoin's realized volatility has fallen to 17.2%, one of its lowest levels in recent months. Multiple Bitcoin analysts have said that long periods of price compression, alongside declining volatility, have historically preceded double-digit rallies.

Bitcoin realized volatility is down 56% in Q2

Bitcoin researcher Axel Adler Jr. said that BTC’s one-week realized volatility, smoothed over a…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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