exlux99

BTC Weekly Volatility Forecast 26-30 September

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COINBASE:BTCUSD   Bitcoin
BTC Weekly Forecast 26-30 September

Currently our volatility coming from DVOL for BTC is at 9.65% (decreasing from 10.15% of last week), currently located on 78th percentile, placing us in a high probability volatility environment

Based on the previous calculations, there is currently a 32.3% chance that the asset is going to break the channel for
TOP 20620
BOT 16991

At the same time, based on the previous calculations, there is a 52% chance that the previous low from last week of 18100 is going to be touched/surpassed.

On average the weekly candle when the asset was located around this percentile are 6% for bull candles and 7.3% for the bear candles from the opening price.


From the fundamental point of view, news that can affect this asset price this week:
- CB Consumer confidence and Powell Speech for Tuesday 27 Sep
- Powell Speech for Wednesday 28 Sep
- US GDP coming on thursday 29 Sep



Overall I believe for this week there is higher chance due to the overall global activity to have another bearish weekly candle.

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