BTC’s price managed to increase to around $17,424 yesterday, but the bears were quick to step in and prevent any further gains. They pushed the price to an intraday low of $16,867 (on Binance), and it’s currently trading a bit higher, as seen in the chart above.
Prolonged periods of decreased volatility usually tend to be a precursor of a considerable move, so the question is if the current price action resembles the calm before the storm.
Prolonged periods of decreased volatility usually tend to be a precursor of a considerable move, so the question is if the current price action resembles the calm before the storm.