- Bitcoin (BTC) enthusiasts are guessing what the new pattern means and how it could affect Bitcoin (BTC) price dynamics in 2022 via Twitter.
- Some of them are certain that two thin candles are indicating consolidation, while some signify that Bitcoin is maturing as an asset.
- Bitcoin (BTC) printed two ultra-thin candlesticks in a row, which is a situation not witnessed in its history.
Bitcoin (BTC) enthusiasts are guessing what the new pattern means and how it could affect Bitcoin (BTC) price dynamics in 2022 on the social platform Twitter.
Lead insights analyst at Blockware and prominent crypto podcaster Mr. Will Clemente recently took to Twitter to share the chart that displays Bitcoin (BTC) performance quarter by quarter on a logarithmic scale.
Seems like Bitcoin (BTC) printed two ultra-thin candlesticks in a row, which is a situation not witnessed in its history. Hence, the duration from Q4, 2021, to Q1, 2022, might be less volatile for the flagship cryptocurrency.
The Twitter follower base of over 600k of Mr. Clemente’s expressed several interpretations of this pattern that looks like something commonly known as Doji Candlesticks among traders and analysts.
Some of them are certain that two thin candles are indicating a large consolidation, while some other folks signify that this is clearly a marker of Bitcoin’s maturation as an asset.
At the time of writing, the crowned cryptocurrency is trading at $46,477.34 with a market cap of $883,139,409,528. The crypto asset witnessed its All-Time HIgh in November last year when it reached around $68,000.
Given the fact that the year 2022 has brought massive changes for the crypto industry, for instance, the US giving thoughts on it, the Russia-Ukraine war, etc. These instances have somewhat affected the crypto space in some way or the other. It is to look forward to what the future holds for the currency and the overall market.
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The post Bitcoin Volatility Never So Low, Analyst Will Clemente Displayed Its Performance appeared first on The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.
Source: https://www.thecoinrepublic.com/2022/04/03/bitcoin-volatility-never-so-low-analyst-will-clemente-displayed-its-performance/