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Bitcoin Struggles Below Bull Market Support, Analysts Predict Volatility Explosion Coinotag vor 1 Monat

Bitcoin Struggles Below Bull Market Support, Analysts Predict Volatility Explosion 📉

Benjamin Cowen Bitcoin

Bitcoin's weekly candle closes below its bull market support band for the fourth consecutive week. Key moving averages remain below $58,748, as observed by analyst Benjamin Cowen. This indicates a period of compressed weekly candles, suggesting potential for increased volatility in the near future.

According to Cowen, Bitcoin's current technical setup points towards a likely volatility explosion. Such periods of volatility can lead to significant price movement, shedding uncertainty on Bitcoin’s short-term outlook.

Source: en.coinotag.com ↗

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