$BTC - about to make a large and sharp move
Updated
Another week and Bitcoin keeps forming this huge triangle that, very likely, will end with a very large breakout up or downwards.
As we can see in our volatility indicator, the Cryptohopper ATR, volatility levels are very low, even lower than 1%. This surprisingly low volatility levels together with the huge triangle that is being formed for more than two months already.\u2028
\u2028Usually, during triangles, the price breaks very aggressively up or down once they are almost completed. The fact that the volatility is very low, suggest that the triangle might be coming to its end and that sharp move might be about to take place.
As we can see in our volatility indicator, the Cryptohopper ATR, volatility levels are very low, even lower than 1%. This surprisingly low volatility levels together with the huge triangle that is being formed for more than two months already.\u2028
\u2028Usually, during triangles, the price breaks very aggressively up or down once they are almost completed. The fact that the volatility is very low, suggest that the triangle might be coming to its end and that sharp move might be about to take place.
Note
Finally, the market decided to go bearish. $9,350 and $8,700 are large volume areas where the price will be very likely to bounce back up and, potentially, start a new bull run.
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