Bitcoin 10-day volatility drops to 20 percent
When analyzing realized volatility, Skew found that the last time it hit 20 percent was a mass surrender where the BTC / USD pair fell to $ 3,100.”The last time we reached this level, we had the big November 2018 sell-off shortly after,” said the analyst.The realized volatility refers to historical volatility measurements. 20 percent of the 10-day reading represents a 33-month low.
The BTC / USD pair repeatedly tests support at $ 9,000. Attention is at the $ 8,600 level. This must be defended to avoid a major decline.
Gold is gradually climbing to an all-time high
Bitcoin makes a shaky impression. The opposite is the case with gold. Commentators eagerly anticipate a bullish breakout. Given the booming stocks but ongoing uncertainty about long-term sustainability, gold is gradually climbing to its all-time high of 2011.
For Bitcoin skeptic and gold advocate Peter Schiff, the choice of an investment at the beginning of the week was once again very clear.”Gold is scratching resistance just under $ 1,800 while Bitcoin is falling below support at just over $ 9,000,” he wrote on Sunday as part of a Twitter poll.
“I expected that both resistance and support would give way. #Gold rises and #Bitcoin falls.”
The respondents seemed to disagree. Almost 50 percent of the 9,800 participants predicted that both gold and Bitcoin would continue to rise.