Bitcoin Volatility is Coming Fast Analyzes Crypto Experts, Ready your BTC/USD Positions

  • Volatility is coming and coming fast
  • This could lead to a hundred dollars move and retest the high at $8,390
  • A move to $8,400 – $8,500 with good volume and strength will have BTC straight to about $10,000

Since first surpassing $8,000 on May 14th in 2019, the leading cryptocurrency has been stuck at this level. Bitcoin surged to 10-months high, marking an “extremely” bullish month and signaling the beginning of a bull market, however, it is yet to go above $8,400.

Given the way, we are struggling at $8,000 level, it is expected once we are able to get a good push here, we will jump to $9,000 and further climb to $10,000 easily. At the time of writing, the price of Bitcoin (BTC/USD) has been trading at $7,936 with 24-hours loss of 1.19 percent.

As we recently shared the analysis of market trader and analyst Benjamin Blunts, following his “squiggly lines” the flagship cryptocurrency will take a drop to around $7,700 and from here, we’ll make our way to $9,400.

“BTC is still chopping around following my imaginary lines pretty well so far however price is really coiling up now and i reckon we should see a direction candle within the next day or 2, preferably monday,” said Blunts.

Similar sentiments are shared by crypto analyst DonAlt who says from this point, Bitcoin will move either in upwards or downwards direction. But no matter where it goes, it will go fast as volatility is coming.

Talking about what he is seeing, he further says, “Trend, momentum and so on are on the bull side & the chart looks stupid bullish. That said I've been getting a bad feeling about PA the recent days, not a place to be overexposed.”

Akin to DonAlt, crypto trader and investor, Josh Rager says on the lower time frame, Bitcoin is forming a triangle with higher lows and lower highs which could lead to an incoming of volatility that might see a move of hundred dollars and retest the high at $8,390.

A possibility Rager sees is “we could is push up (which could really push up RSI) and then back down hard into the larger triangle.”

If we take a look at the analysis of crypto analyst Alan Masters, Bitcoin continues to go lower and though there being a few bear signals, BTC is still consolidating sideways and safely trading above EMA10.

Despite Bitcoin looking exhausted, it is holding “pretty nice lately.” So, next, we can make another failed attempt to break to the upside, only to retrace and try again. However, in case of a sudden retrace, Bitcoin has multiple levels of support at $7,770 followed by $7440 and if the drop is strong, then $6999 is next.

On its flash crash, the lowest we could go is $6,400 but he says it is “very” unlikely. What is “most likely” is after a little retrace, we would try again and break the last high. If we manage to break above $8,400 – $8,500 with good volume and strength, the BTC can go straight to about $10,000. While there are many crypto trading strategies to choose from, it appears time to ready your BTC/USD positions based on these community experts input and analysis.

Bitcoin’s price is $9,144.07 BTC/USD exchange rate today. The real-time BTC market cap of $168.46 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $2.66 Billion and live coin value change of BTC 0.71 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$9,144.0744 change ~ 0.71%

Coin Market Cap

$168.46 Billion

24 Hour Volume

$2.66 Billion

24 Hour VWAP

$9.11 K

24 Hour Change

$64.7701

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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