Low Bitcoin volatility leads to a violent move
October 9, 2020 Leave a comment
I am studying Bitcoin volatility and have found that the its 30 day historical volatility has fallen to its lowest level in my 10 years of data.
6 out of 7 times when its fallen to similar levels Bitcoin has rallied notably.
Last night, Bitcoin rose 3% or $300. It is currently trading at $10,878.
And Bitcoin’s correlation to the S&P 500 is ‘growing’.
The weekly chart below paints a clearer picture.
October 9, 2020
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 