Cryptographic Currency Trader: Declining volatility in Bitcoin may herald a next big jump

According to Tradingview, Bitcoin trades around a 50-hour moving average – around $11,800, and four-day integration continues. CryptoHamster, a cryptocurrency trader, studied the volatility chart and linked it to the recent rise in bitcoin prices. In the past two months, volatility has fallen by a factor of two before the next big increase. A similar pattern is emerging as the BTC continues to move sideways. CryptoHamster said that the historical volatility of Bitcoin (the yellow area in the picture) is a precursor to the beginning of growth. The magnitude of each cycle is increasing, so this reaction (price increase) may be slightly later.