Are we going to flip bullish this week? Bitcoin price action has yet to impress in 2022, but bets are stacking up that things will soon get interesting again.
) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall?
Nonetheless, it’s beginning to feel like Bitcoin is at the point where it is capable of producing a classic surprise when the majority of the mainstream economy least expects it. With Wall Street closed for a holiday, Monday could shape up to offer more of the same before markets provide direction. Also cautiously optimistic is fellow popular trader Crypto Ed, who is eyeing a potential replay of last week’s run above $44,000, something that bears subsequently quashed.
is due to take place on Thursday and is titled “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains.”Bitcoin volatility is plumbing multi-year lows — encouraging for its acceptance as a mainstream asset, but not something many expect to last.to the Bitcoin Volatility Index, which calculates the standard deviation of daily BTC returns for the last 30 and 60 days, Bitcoin is at its least volatile since November 2020 at 2.63%.
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