Bitcoin tests $80K as crypto liquidations hit $550M – Will BTC’s support level hold?

Bitcoin's volatility is increasing, indicating less stability in the market. The index went from its previous closing value of 37.93 to 38.37. Before this spike occurred, readings were stuck in a very narrow range. As such, they varied little, from 37.95 through 38.10. That indicates there wasn't much movement in how turbulent the market was. That jump indicates that traders may be responding to new developments in the market. Therefore, they have the opportunity for larger price movements than seen recently. As noted above, rising volatility increases the opportunities for either large gains or even greater losses, especially when using leverage. Still, despite the increase in the volatility, the indicator doesn't indicate if buyers or sellers have the upper hand.

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