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SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low

Published 08/06/2023, 03:30 PM
Updated 08/07/2023, 05:20 PM
© Reuters.
BTC/USD
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Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility.

Although it is difficult to predict the direction of the breakout with certainty, some analysts point to the Bitcoin whales increasing their exposure as a positive sign. On-chain analyst Cole Garner believes the bull move could begin in September when the summer seasonality kicks in and the shakeout happens.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
SHIB/USDT daily chart. Source: TradingView
SHIB/USDT 4-hour chart. Source: TradingView
UNI/USDT daily chart. Source: TradingView
UNI/USDT 4-hour chart. Source: TradingView
OKB/USDT daily chart. Source: TradingView
OKB/USDT 4-hour chart. Source: TradingView
HBAR/USDT daily chart. Source: TradingView
HBAR/USDT 4-hour chart. Source: TradingView

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