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17 October 2022 | Other

Bitcoin remains at $19000 level

BTCUSD

The last weekend was quiet for the Bitcoin’s to US dollar exchange rate (BTCUSD), and the volatility spotted throughout the week completely disappeared. At the moment, commentators are waiting for the returning of the rush.

According to an opinion shared by the Eight trading platform’s founder and chief executive Michaël van de Poppe, the question is not whether the cryptocurrency’s unpredictability would return or not, but when it would return. As he told his audience on Twitter, returning of high volatility after a four-month period of consolidation is only a matter of time. Van de Poppe also considers the chances of upwards momentum to be growing, although many others still expect the further falling with the markets.

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