Why Does Bitcoin’s Price Make Random, Sudden Downward Moves?


Mimesis Capital: Inside The Event Horizon, Report #15

Why Does Bitcoin’s Price Make Random, Sudden Downward Moves?

A common knock on bitcoin is that it is “too volatile.”

There is no denying that bitcoin is a volatile asset. Its price action supports this conclusion on nearly all time frames (including minute, hour, daily, and yearly).

However, volatility isn’t necessarily a bad thing. In fact, volatility creates opportunity.

Over long time horizons (4+ years), bitcoin’s volatility has been mainly to the upside. Using this longer time horizon helps to eliminate the noise and focus on the signal.



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