Bitfinex Analysts Suggest Bitcoin (BTC) Has Potentially Reached Local Bottom Amid Declining Volatility

Bitcoin’s potential price stability gains momentum, say Bitfinex analysts. Historical volatility and implied volatility in the Bitcoin options market converge significantly. “Investors are anticipating Bitcoin’s price to remain within a specific range,” according to Bitfinex analysts. Bitcoin’s volatility metrics suggest it might have hit a local bottom. Here are the insights from Bitfinex analysts. Indicators

Source: CoinOtag