Dmitriy Gurkovskiy is a senior analyst at RoboForex, an award-winning European online foreign exchange forex broker.
The cryptocurrency market volatility never went up as a lot of assets are still “stuck” within their respective sideways channel.
On Thursday, July 2nd, the BTC rate is aiming upwards but the activity of investors has diminished. The leading cryptocurrency is generally trading at $9264.
Little by little but cryptocurrencies started breaking their respective Triangle patterns.
The BTC positions have remained under pressure for three days in a row. On Thursday, June 25th, the leading cryptocurrency is generally trading at nearly $9250.
On Thursday, June 18th, the leading cryptocurrency behaves atypically, hardly moving at all. Bitcoin is trading at around $9,500 now.
Cryptocurrencies continue consolidating.
On Thursday, June 11th, BTC remains positive but does not demonstrate any bursting growth. Bitcoin is generally trading at $9,750 today.
Volatility on the cryptocurrency market remains rather low. One shouldn’t exclude a possibility of strong movements to break sideways channels in many assets.