The price of Bitcoin (BTC) has moved little over the last 15 days

The price of Bitcoin (BTC) saw little movement in the 15 days leading up to the June 7 sharp decline, approaching all-time lows seen in all 15-day periods in Bitcoin history.

The period between May 24 and June 7 ranked in the “lowest 6% of events” in terms of volatility, according to Rafa Zagori, chief investment officer at Swan Bitcoin.

“The horizontal blue line represents the latest 15-day rolling volatility figure of 23%. This certainly seems close to the bottom, Zagoury explained in a June 7 article on

Source: Rafa Zagori

After a 15-day period in which it traded within a 7% range, oscillating between $66,936 and $71,656, Bitcoin price fell sharply by 3.33% to $69,264, according to data from CoinMarketCap.

This decline follows the publication of the summary report on the employment situation in the United States, which published stronger employment growth than expected, a sign that inflation rates may not be lowered by the US Federal Reserve on June 11 – a move recently closely watched by analysts for Bitcoin price predictions. .

At press time, Bitcoin is trading at $69,246.

about: BTC price stabilizes at $69,000 after decline wipes out $1.3 billion in Bitcoin open interest

However, Zagoury pointed to Bitcoin price results in previous periods that saw similar or less volatility. Over the next 30 days, the average return was 20.95%, with the minimum return being 32.06%, while the maximum return was 218.40%.

Over the next 365 days, the results became more significant. Although the minimum return for this period is 55.59%, the average return is 820.82%.

Zago stressed that although there is no indication of the future, he believes it is “useful to learn from the past.”

review: Longevity expert: artificial intelligence will help us become “biologically immortal” from 2030

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.

Leave a Reply

Your email address will not be published. Required fields are marked *