Jesse Colombo Declares The Calm Before The Storm For BTC
In recent months, Bitcoin was sold and bought in the range between 6,300 and 6,400 dollars. Well-known expert Jesse Colombo believes that bidders should not get used to such stability which is unusual for crypto currency, because this is a signal that Bitcoin will start to grow at an accelerated pace.
Colombo also dubbed the time of stability just as “the calm before the storm”. He emphasized that according to historical statistics of trading sites, the period of unusual stability in most cases ends with powerful and volatile growth.
Interestingly, the expert cannot say which motion vector the market king will choose. Analysts are more inclined to believe that this is likely to be a downward trend, but at the same time encourages bidders to be ready for rapid growth.
Recently, CBOE has published its report that bitcoin is less volatile than Nvidia and Amazon shares.