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Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Newsbtc 1 săptămână în urmă

Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level 💪

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Bitcoin's resilience is evident as it clings to the crucial $100,000 level amid market volatility. Despite facing significant shakeouts and corrections, BTC maintains its position and is poised for potential growth once it surpasses the recently lost key level.

The cryptocurrency saw a post-election surge, reaching an all-time high of $109,588, but experienced several retracements, including a 14% dip from a recent high of $106,000. Nevertheless, it has bounced back from local lows, showcasing a "relatively low" volatility in comparison to early 2024, noted by Daan Crypto Trades.

The diminishing volatility is attributed to mainstream recognition and institutional adoption, according to Bitfinex analysts. This trend of smaller corrections is expected to persist, contributing to the bull run's continuity.

Analysts suggest Bitcoin appears stronger compared to other markets, driven by institutional demand rather than retail frenzy. Crypto analyst Miles Deutscher observes that BTC's search interest remains below 2021 levels, indicating institutional influence. Meanwhile, Jelle predicts a possible breakout, similar to its performance in Q1 2024, with $100,000 as the crucial level to secure for a major price movement.

Sursă: www.newsbtc.com ↗

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