Higher risk, higher volatility_老虎社区_美港股上老虎

2021-03-23

Higher risk, higher volatility, higher rewards

Bitcoin volatility is here to stay, top technician warns

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It’s there to stay,” Wald said Monday on CNBC’s“Trading Nation.”“With the upside reward comes a lot of volatile day-to-day and even week-to-week action.”\nBitcoin fell nearly 3% on Monday after Federal Reserve Chairman Jerome Powell called cryptocurrencies primarily “speculative assets” and said the Fed was in no hurry to develop a central bank digital currency.\n“Here’s something that can drop 20% and still hold all of its trend lines and support levels and leave the trend undisturbed,” Wald said. “Take for instance just the action last February. It made a high of about $58,000 and the next day was down to $44,000. 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