TraderEye Market View: Bitcoin trading in the last day is characterized by very high volatility

Wednesday, October 16, 2024

Bitcoin trading in the last day is characterized by very high volatility

Bitcoin trading in the last day is characterized by very high volatility, which makes it very difficult for leveraged traders to maintain their positions, it is evident that in preparation for a significant move, hidden parties in the crypto market are trying to shake off weak traders from the top of the tree and remain alone in the breakout area of Bitcoin and Ethereum in preparation for a significant move.

Attached is a graph of the Bitcoin price in a 5-minute time frame showing the abnormal volatility.

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