BTC Volatility At Highest Since March, Signaling End Of Correction Soon

IconCryptoNewsTerminal Staff22 Aug, 2024

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BTC Volatility At Highest Since March, Signaling End Of Correction Soon

As per a Cointelegraph report citing data from CoinGlass, "On Wednesday, Bitcoin's (BTC) volatility indicator, known as the Bitcoin Historical Volatility (BHV), reached 3.42%, a level not seen since March 13, 2023, when BTC hit its all-time high ($61,712)." The media outlet noted that "While the BHV is not a direct indicator of price movement, a rise in the indicator suggests that a breakout from the recent range may be in the cards, indicating a potential end to the ongoing correction. Notably, the last time the BHV touched 3.0% on March 13, it was followed by a surge to 4.28% within a fortnight."

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