Bitcoin $BTC, Ethereum $ETH implied volatility targets multi-month lows. Bullish? Analyst joshua_j_lim shares his take Bitcoin Ethereum
The analyst noticed that, as Bitcoin and Ethereum are changing hands in the middle of yearly price range , large-scale players are not interested in buying.
As such, there is no major catalyst for Bitcoin volatility active right now. Bitcoin's implied volatility dropped from 90 to 70 in less than two months.Historically, when implied volatility metrics bottom and start surging again, it is a huge positive driver for the price of the asset. Major reversals were registered in October 2020 and April 2021.
The entire picture does not"scream buy" for the analyst but still looks attractive in the mid-term perspective. Once the implied volatility metric rockets, it can almost double in weeks. Bitcoin, the flagship cryptocurrency, is changing hands at $42,790 , while Ethereum added 1.24% and attempts to hold above the $3,300 level.Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data showsBitcoin miners likely have no incentive to sell BTC at prices above $34,000, data reveals.
Weiterlesen »
DOGE, SHIB, ADA, SOL, BTC Among Most Heard Cryptos in the US: Huobi SurveyAccording to survey conducted by major global exchange, DOGE, SHIB, ADA are on the list of the coins that Americans have at least heard of
Weiterlesen »
How to Achieve Decentralized Scale: ETH vs BTC vs ALGO | HackerNoonWith the right incentives in place human ingenuity can overcome Blockchain’s current challenges and fulfill its initial purpose.
Weiterlesen »
Almost 20,000 ETH burned in a single day, setting a new all-time highThe London hard fork, introduced on August 5, 2021, made it possible to pay Ethereum (ETH) fees using burned ether,... Continue reading
Weiterlesen »
El Salvador Has Lost $12M on Its Bitcoin Investment | CoinMarketCapEl Salvador has been constantly buying the dip in recent months 💰 But it's made a substantial loss of $12 million as the value of its 1,391 BTC falls 😬
Weiterlesen »