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Why Investors Should Brace for a New Wave of Bitcoin Volatility
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investopedia.comBitcoin, the largest cryptocurrency by market capitalization, has seen its price hover around the $8,000 level over the past months. Now, it is on the verge of wild price swings, according to several experts, as outlined by Bloomberg.
A key technical gauge is indicating that the popular digital token may once again face dramatic volatility. The difference between Bitcoin’s upper and lower band in the Trading Envelope indicator is at its narrowest since mid-September, per Bloomberg. The gauge smooths moving averages to map out higher and lower limits. Last month, a similar situation in which the gap between the upper and lower band narrowed, was followed by a drop of more than 12% for Bitcoin on Sept. 24.
«The volatility will pick up
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