Boredom reigns as regards the bitcoin price, as sideways and downwards movement enters its seventh week.
Volatility will come
Could it be that it is just because it’s crypto that investors get so bored so quickly? If it were a major stock on the S&P, such price action would be taken as perfectly normal and nothing to get vexed about.
However, in the world of crypto, investors are used to the volatility that cryptocurrencies usually provide, and even though bitcoin is easily the biggest of the cryptocurrencies, it still retains the ability to shoot up or down with a fair measure of velocity.
From a charting perspective moving sideways and downwards suggests a descending channel, which is a bullish formation. If this channel initiates after a spike to the upside, it becomes a bull flag – an even more bullish chart pattern.
Three major supports await
It might appear to be one of the less perfect bull flags, given that both candle bodies and wicks have on occasion escaped to the upsi
We współpracy z: https://cryptodaily.co.uk/2023/08/bitcoin-volatility-coming-with-convergence-towards-strong-support
