(BTC) has been buying and selling between $25,333 and $26,156 since Sept. 1. Usually, a volatility squeeze is adopted by an growth in volatility, however it’s tough to foretell the path of the breakout with certainty.
CoinGlass knowledge reveals that Bitcoin has fallen for six consecutive years in September. This historic knowledge may hold the bulls at bay within the close to time period and embolden the bears. Moreover, the (DXY), which has an inverse correlation with Bitcoin, has risen sharply prior to now few weeks. Each these recommend that Bitcoin may stay below stress within the brief time period.
Proceed Studying on Coin Telegraph