What if BTC volatility keeps increasing and the new quarterly candle becomes a big rally? 23 days left from the time of writing.
Why would the volatility increase? Because this is BTCUSD chart and the USD is flickering between a world reserve currency and worthless junk. So it makes sense that the volalitly is increasing as the market runs to USD for safety but then realises its not that sound, and then starts chasing anything not dollars. including BTC. Who knows. Its a grass is greener on the other side thing until either BTC or USD is no longer used by anyone.
Quick note is that the wicks on the previous candles have gone higher and higher but the lows have also gone lower so the range is basically expanding you could argue which supports the idea of a possible $70k BTC price in Q3. But lets see.
Why would the volatility increase? Because this is BTCUSD chart and the USD is flickering between a world reserve currency and worthless junk. So it makes sense that the volalitly is increasing as the market runs to USD for safety but then realises its not that sound, and then starts chasing anything not dollars. including BTC. Who knows. Its a grass is greener on the other side thing until either BTC or USD is no longer used by anyone.
Quick note is that the wicks on the previous candles have gone higher and higher but the lows have also gone lower so the range is basically expanding you could argue which supports the idea of a possible $70k BTC price in Q3. But lets see.