Bitcoin price volatility drops to two-year low

In December 2022, due to stagnation in the cryptocurrency market, the level of volatility of the Bitcoin exchange rate fell totwo year minimum.

Employees of the financial company Blockforce Capitalanalyzed data on the dynamics of changes in the price of bitcoin on different exchanges and found out that the amplitude of fluctuations in the value of the coin over the past seven days was only 10.64%. Such a low level of volatility has not been recorded since July 2020.

Bitcoin exchange rate, like most other digitalassets, has always been famous for its volatility and this attracted speculators. For example, from July to November 2021, BTC rose from $31,776 to $65,509 (on the Bitstamp exchange) and brought its investors an impressive profit of 106%.

From 2018 to 2022, at least fivelong periods of flat in the bitcoin market. Only after one of them did the asset price begin to fall (in November 2018). After the stages of stagnation in 2019 and 2020, the price of the coin has risen every time, so we can soon assume that the cost of BTC will go up.

On December 29, the bitcoin rate fell below the linebullish trend that started on November 22. However, the bulls seized the initiative, and the price of the cryptocurrency again exceeded this barrier. If buyers manage to keep the value of the asset above the trend line, then the uptrend will continue. Otherwise, BTC will become cheaper.

Possible directions of change in the bitcoin rate

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