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RE: The last time Bitcoin's volatility was this low, it rallied by over $2k (25%)

in LeoFinance4 years ago (edited)

That $7.6k area is the same area I have been looking at for a while now too. The thing is, it just never comes. Based on past patterns it should have happened by now, doesn't meant that it won't, just means perhaps that it is less likely now than it once was. Remember, things either correct in terms of price or in terms of time and the longer BTC stays up at these current levels, the greater the likelihood that the eventual breakout is up.

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Yes, I agree. I've also been looking some of the notable global stock market charts. Looks like all of them are in sync as well. Markets do tend to confuse people many times though

Yep, global QE and money printing has just about all assets priced in fiat moving higher. Bitcoin has actually been under-performing these last several weeks...

You may be right. Though, I am still waiting for a nice little dip first, which hopefully is starting now. :)