📈 Cryptocurrency market volatility is decreasing: forecasts for Bitcoin 📈
The cryptocurrency market continues to demonstrate decreasing volatility. Bitcoin (BTC) has remained in the range of $100-$110k for two months, with the current price around $108.8k. This coincides with record-low trading activity and network metrics. However, analysts from QCP Capital note that investors are preparing for a potential rise, expecting a breakout above $110k. In September, some major players increased their bids at the $130k level, suggesting an optimistic scenario for the third quarter.
Meanwhile, low trading volumes and volatility remain significant. For example, the 30-day volatility of BTC has dropped to 1.26%, while the monthly trading volume has fallen to $1.07 trillion. Investors continue to monitor internal and external factors, among which is the potential increase in import tariffs in the U.S.
💡 Please note: cryptocurrencies are volatile assets, and any investments can lead to financial losses.
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