BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

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Binance nerves add to existing sell-side pressure on BTC.

Bitcoin volatility prepares to undercut stocks, goldAccording to the Bitcoin Historical Volatility Index , weekly volatility was headed toward record lows seen at the start of 2023.

existing comparisons to JanuaryDylan LeClair, senior analyst at digital asset fund UTXO Management, additionally noted that 10-day realized volatility was almost below that of U.S. stocks, bonds and gold.

 

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Rumors over new US legal action against Binance made for a disappointing 24 hours for Bitcoin bulls after a brief trip above $30,000. With the trading range still firmly in place, monitoring resource Material Indicators forecast a further bearish support retest to come.

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