BTC rally often precedes price fall

Bit Team
1 min readJul 18, 2020

As at this month, BTC volatility has reached its three-year minimum remaining between $9000 and $9500

BTC kickback can precede new rally

Bitcoin is the hot issue around the Internet after the massive attack on Twitter when hackers promoted fraud involving cryptocurrencies.

On the other hand, BTC remained stable without any significant changes between $10K and $8.5K for quite long after it had failed breaking $10K.

Volatility fall followed by altcoin market surge was a bullish sign for most crypto enthusiasts. Such coins as Chainlink (LINK), Tezos (XTZ) and Cardano (ADA) surpasses both BTC and ETH, and raised large expectation for further price movements.

Nevertheless, crypto analyst and veteran Josh Rager claims that the leading coin will not break $20K at once, and some kickbacks are unavoidable.

At the moment of writing the article BTC price was $9 142.

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