A bullish signal is flashing for Bitcoin (BTC) that previously led to huge gains, but the same metric also comes with a big warning.
Blockchain analytics firm IntoTheBlock says that Bitcoin’s volatility is dropping to significantly low levels that have historically come right before BTC soared.
In a new tweet, analysts at IntoTheBlock say that when trading volume remains at the current level for about five weeks, the king crypto’s price soars by approximately 46%.
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If Bitcoin follows the historic pattern, BTC would skyrocket from its value of $27,159 at time of writing to more than $39,600.
However, the firm notes that there were three times when the same signal preceded a 50% collapse.
“BTC volatility reaches historically significant lows.
60-day annualized volatility has
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