The volatility of bitcoin fell to a two-year low
In the past three months bitcoin decrease in cost, but at the end of September the main cryptocurrency stopped falling and fixed on the base positions. Now bitcoin volatility index is at lowest level in 21 months, according to CoinDеsk.
At the moment, the number one cryptocurrency is growing and already broke the mark of $6600, but don’t expect a big breakthrough at least until the end of this week.
The last time bitcoin showed minimal volatility in December 2016. According to experts, demonstration of low volatility may signal imminent change in the attitude of investors to the main digital asset. That is, the bitcoin in the coming days may show either a collapse or a jump value.
If the coin will rise, it is no problem to break the mark of $8500, but if the demand for the digital currency, it will fall, we will see a fall in the value before the June low ($5755).
Recall that a supporter of bitcoin well-known investor Mike Novogratz has recently issued another optimistic Outlook. He suggested that by the end of this year, the main bitcoin jump in price by at least 30%.