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

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(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!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.