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Analyst Jesse Colombo: “The Calm Before the Storm” for Bitcoin

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Recently, Bitcoin has traded in a relatively narrow range – between $ 6,300 and $ 6,400. At the same time, independent analyst Jesse Colombo argues that investors should not get used to such relative stability, since it can be a prerequisite for powerful movement.

Colombo also called this period of stability "calm before the storm." He warned that, based on historical data from financial markets, a period of low volatility usually precedes strong and volatile market movements.

However, even the analyst is not sure in which direction Bitcoin will move. Colombo is leaning towards a downward trend, but at the same time encourages investors to be prepared for the possibility of an upward movement.  

And what do you think about this? Leave your comments below!  

  • bitcoinBitcoin (BTC) $ 19,488.57
  • ethereumEthereum (ETH) $ 1,076.00
  • cardanoCardano (ADA) $ 0.453788
  • polkadotPolkadot (DOT) $ 6.82
  • litecoinLitecoin (LTC) $ 50.84
  • chainlinkChainlink (LINK) $ 6.19
  • stellarStellar (XLM) $ 0.108512
  • bitcoin-cashBitcoin Cash (BCH) $ 104.64