Bitcoin Sept. 29 chart alert – Volatility collapses amid risk aversion

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(Kitco News)Bitcoin-U.S. dollar prices are a bit weaker in early U.S. trading Thursday. Prices have been grinding sideways in quieter fashion recently. This has created a “collapse in volatility” despite keener risk aversion in the general marketplace. Bitcoin bulls have to be disappointed that prices have not rallied amid the risk-off atmosphere in the markets. The collapse in volatility suggests a bigger price move is on the horizon. The bears still have the slight overall near-term technical advantage. A move in BC prices above the September high would empower the bulls to suggest a price uptrend developing, and a move below the September low would recharge the bears and restart a price downtrend. Stay tuned!






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