{"id":368526,"date":"2019-01-17T22:00:18","date_gmt":"2019-01-17T22:00:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=368526"},"modified":"2019-01-17T17:44:59","modified_gmt":"2019-01-17T17:44:59","slug":"analyst-claims-bitcoin-could-shortly-see-increased-volatility-as-crypto-markets-trade-sideways","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/analyst-claims-bitcoin-could-shortly-see-increased-volatility-as-crypto-markets-trade-sideways\/","title":{"rendered":"Analyst Claims Bitcoin Could Shortly See Increased Volatility as Crypto Markets Trade Sideways"},"content":{"rendered":"
Coming off of a relatively volatile week, the cryptocurrency markets are currently seeing a bout of sideways trading, with Bitcoin steady in the $3,650 region and most altcoins trading sideways. It is important to note that Bitcoin is still respecting the $3,500 region as a level of support, but its lack of buying pressure signals that this level may be gradually weakened over the coming days and weeks.<\/p>\n
Analysts are now claiming that Bitcoin<\/a> will likely see increased volatility in the next day or two, as historically Bitcoin makes large price moves after every two-day period of sideways trading.<\/p>\n At the time of writing, Bitcoin is trading down marginally at its current price of $3,645. Bitcoin has seen some increased volatility over the past week, dropping to lows of $3,550 last weekend before surging to highs of $3,730 on Monday. Since then, Bitcoin has traded mostly sideways and has been drifting slightly downwards.<\/p>\n Josh Rager, a popular cryptocurrency analyst on Twitter, noted that<\/a>\u00a0BTC typically makes a move of at least $200 after every sideways trading period that lasts for two days. This means that Bitcoin is posed for a $200+ move in the next day or two.<\/p>\n \u201c$BTC Daily Chart\u2026 After two low volume days of consolidation (see circled in the chart) Bitcoin has shown to have at least $200+ price action within the following day\u2026 We’ll see if Friday\/Saturday holds true and allows for more volatility,\u201d Rager explained.<\/p><\/blockquote>\nAnalyst: Bitcoin Likely to See Large Price Move in Coming Days<\/strong><\/h2>\n