A Trio of Analysts Say Bitcoin Is Ripe for an Explosive Move As Soon as Volatility Hits Three-Month

A trio of analysts say Bitcoin’s consolidation around $9,000 for over a month may be coming to an end as BTC’s volatility hits a critical level. Crypto analyst CryptoBirb tells his 83,000 followers that the king cryptocurrency is primed for a big move after trading in a narrow range for a month and a half. Crypto strategist Edward Morra highlights the fact that BTC’s volatility is back to the level it reached before the cryptocurrency collapsed in March. “BTC Volatility nearing the [three-month] lows. We are back to the 7th of March pre-crash levels. Expecting ‘big moves’ this upcoming week. Probably worth setting a straddle option set.” Read More...