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Jake Wujastyk: Bitcoin trading shows low volatility before potential move

Jake Wujastyk: Bitcoin trading shows low volatility before potential move
Bitcoin flat as volatility expected

Jake Wujastyk, Founder / CEO at TrendSpider, commented that Bitcoin has experienced very flat and controlled price action in the last two days.

He suggested that such calm periods often occur before a period of increased volatility in the cryptocurrency market. Bitcoin is currently trading under the ticker BTCUSD.

Wujastyk has previously highlighted level-based trading signals in equities. In November 2022, he observed Microsoft holding at a VWAP pivot area with increasing momentum into February and March. He has also reported on Oracle's bear flag breakdown and identified a test of key support and resistance between $118.85 and $127.55.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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