Bitcoin will soon face decision time, with traders eyeing $25,000 and $30,000 BTC targets.
Popular trader Anbessa showed similar downside targets to Van de Poppe,Examining volatility, meanwhile, popular analyst HornHairsRelated:“Bitcoin volatility contraction as tight as its been all year. The games shall begin shortly. Dust off your weapons of choice for the volatility ahead,” he advised.
An accompanying chart confirmed the Bollinger bands “squeezing” around spot price, reflecting the current tight range, with the implication that a challenge of the upper or lower band should soon begin., 2023 has been a year of contrasting volatility phenomena, with BTC/USD gaining 40% in January but ending February almost exactly at its starting position.
March upside totaled 23%, while in April, Bitcoin is currently down 2.3%, according to statistics fromThe views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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