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Analysis: BTC volatility exceeds the March ATH level, becoming the catalyst for breaking through the consolidation phase.
Odaily Planet Daily News BTC volatility has exceeded the level of March (when BTC hit a historical high), and is continuing to rise, traders believe this may be the catalyst needed for BTC to finally break through the consolidation phase. But to trigger Rebound, BTC must first stay above $61,000 and successfully retest the $62,000 level, which has not been touched by BTC since August 9th. Anonymous encryption trader Daan Crypto Trades said, "BTC is now rebounding after a significant decrease in volatility, approaching the levels it reached earlier this year when BTC reached its all-time high." He added, "This is ultimately needed to end this large-scale consolidation in some way." According to CoinGlass data, on August 21st, the historical Volatility chart indicator of BTC reached 3.42%, exceeding the 3.00% on March 13th, when BTC reached a historical high of $73,679. (Cointelegraph)