Bitcoin and summer

Bitcoin and summer

By Robertoit | Wallet and cryptocoin | 4 Jul 2020


Since last May we have been witnessing a lateral movement of Bitcoin (BTC), which began after the rise from the lows of March 2020.
In recent weeks Bitcoin (BTC) has failed to break through the $ 10,000 wall and on the other hand the $ 9,000 support has resisted downward pressure.

As for the Bitcoin volatility index (BTC), however, it has fallen to the lowest level of the last 15 months. Could this anticipate a big move, a strong directional move that will be upward or a big downward summer bang?

Historically, when Bitcoin (BTC) follows a slightly volatile trend, for a few months, then it tends to register strong directional movements in one or the other direction.

Unfortunately forecasts always arise from a correct or incorrect reading of the numbers, but what is certain is that something is about to happen.

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