Bitcoin volatility exceeds March high, which may be a catalyst for breaking out of the consolidation phase
Bitcoin's volatility has exceeded March levels (when Bitcoin hit an all-time high) and continues to rise, with traders believing this could be the catalyst needed for Bitcoin to finally break out of its consolidation phase.However, to trigger a rebound, Bitcoin must first stay above $61,000 and successfully retest the $62,000 level, which Bitcoin has not touched since August 9.According to CoinGlass data, on August 21, the historical volatility chart indicator for Bitcoin reached 3.42%, surpassing the March 13 level of 3.00%, when Bitcoin hit a historical high of $73,679.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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