This next month of November 2022 for Bitcoin (BTC) will be marked by a lot of volatility.

in #bitcoin2 years ago

Bitcoin (BTC) has gained bullish momentum since the start of the week, which could break the market's lethargy since mid-summer. Bitcoin's historical volatility gauge breached its bear market support last week, guaranteeing a hyper-impulsive November 2022.

•Bitcoin Price Volatility Is Near All-Time Low Support

Bitcoin (BTC) price volatility reached this end of October a level very close to its historical lowwith a 7-day volatility that could fall below 1%.

Expect a strong rebound in BTC volatility in November from the all-time low. This is an anomaly for an asset class with the highest volatility in the stock market.

What does a BTC volatility rebound mean?

This predicts a huge price shift in November.

A market stall below $19,000 and a slide to $10,000/$14,000; A bullish resolution of the summer's chartist compression and a bullish recovery to $25,000/$28,000.

Cross-asset market and seasonality factors could boost BTC.
The upward impetus in Bitcoin's price at the start of the week was sparked by a negative US real estate price report.

Real estate prices account for 30% of the U.S. inflation rate, giving the market hope for disinflation and the end of interest rate hikes.

Disinflation and lowering rates would boost crypto market capitalisation.

Technical research implies Bitcoin could outperform Wall Street's share market in the next months. Technical examination of the BTC/S&P 500 ratio curve shows bullish relative behaviour of BTC versus US stocks.

November has been Bitcoin's highest performing month for 13 years, with an average performance of 55%.

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Source : tradingview
Bitcoin/S&P500 weekly ratio, the relative ratio between BTC and the US stock market