Bitcoin has observed a sharp rally above the $30,000 mark over the past day. Here’s how the 30-day price range may have foreshadowed this volatility. Bitcoin Had Earlier Compressed To A Tight 30-Day Price Range According to data from the on-chain analytics firm Glassnode, tight price ranges have historically preceded large moves in the cryptocurrency’s price. In the context of the current discussion, the Bitcoin price range of interest is the 30-day one, simply a measure of the percentage difference between the top price and bottom price that the asset has observed over the last month. When the value of
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Author: coinmaker