Main navigation

Bitcoin’s Volatility Reaches Its Lowest Level Since Late 2018. Here's What Happened Back Then

Mon, 20/07/2020 - 15:56
Bitcoin’s Volatility Reaches Its Lowest Level Since Late 2018. Here's What Happened Back Then
Cover image via
Read U.TODAY on
Google News

Bitcoin’s 10-day realized volatility has reached its lowest level since November 2018, according to London-based cryptocurrency derivatives data provider Skew.

The crypto king has remained stuck in an extremely tight trading range for over a week, with market participants waiting with bated breath for a major price move.

Image by @skewdotcom

Crypto Baron John McAfee Doesn’t Think Bitcoin Will Reach $1,000,000, but His Bet Still Stands

The big bear case

The Bitcoin bears are certainly salivating over BTC's prolonged indecisive streak.

The last time the top cryptocurrency was that stable, it ended up losing more than half its value. Over the course of ten days (from Nov. 14 to Nov. 24), BTC ended up shedding more than 40 percent of its value, plunging from $6,300 to just $4,000.

Bitcoin Price
image by

Things became much worst for Bitcoin in December when the final stage of capitulation pushed BTC to its multi-year low of roughly $3,180.

Back then, market observers partially attributed the brutal sell-off to the Bitcoin Cash (BCH) chain split that occurred on Nov. 15, 2018.

Most Bitcoin Holders Taking Bitcoin to Their Graves If Its Price Doesn’t Break Above $10,000

Wait for Q4

This time around, when the cryptocurrency space is not plagued by fork wars, the ball may end up in the bulls’ court.

However, a concerning lack of token circulation might spell trouble for them since it indicates a possible downturn.

As reported by U.Today, Bitcoin’s implied volatility, which predicts future price moves, does not indicate that a major move is in the offing.

Interlapse CEO Wayne Chen recently predicted that this tug of war might not resolve until Q4.

"You are not going to see any action until September or October."


Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles