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Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue

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$BTC's recent 5-day average volatility has dropped below gold, the Nasdaq 100 and the S&P 500. Such uneventful periods in the past have led to violent breakouts with dramatic price changes, K33Research noted. sndr_krisztian reports

Bitcoin’s five-day volatility has dropped below that of of gold, the Nasdaq 100 and the S&P 500, crypto analytics firm K33 Research noted.

Bitcoin’s price may be sleep-inducing of late, but it's become so boring that a dramatic eruption could soon be coming., bitcoin's five-day volatility has sunk below that of gold, the Nasdaq 100 and the S&P 500. This only happened a few times in recent years, K33 senior analyst Vetle Lunde pointed out, and every occasion preceded periods of wild price swings.

 

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