Is there a new big movement for the Bitcoin price?
Volatility continues to decline, and one of the indicators has even reached a 15-month low, Coindesk writes.
The weekly volatility, which calculates the difference between the lowest and the highest price for that period, fell to $ 317, which had not happened since July 2017, according to Bitfinex data.
In the previous two weeks, a volatility of 498 and 741 dollars was reported.
The data confirm that currently the most popular crypto is traded in a narrow range and, from a technical point of view, more serious traffic in one direction can be expected.
This man lost all his savings because of the Bitcoin
The Crypto market wiped out approximately $ 400 billion of its value in the current 2018.
Key Surveillance Levels are 6741 and 6424 dollars, and the passage of these psychological limits will testify to potential upward increases to over $ 7,000, or drop to $ 6,000 respectively.
The Bitcoin is currently traded at $ 6622, or virtually unchanged a day earlier. Market capitalization reaches $ 114 billion, representing 52% of all cripples.
We recall that in 2017 the price of the most popular crypto rise from 1,000 to nearly $ 20,000, but began to decline in early 2018, quickly wiping out about 70 percent of its value.
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