Bitcoin's May Price Plunge: Analysis and Outlook.
TL;DR
Bitcoin's 30-day volatility dropped to 1.52%, far below the yearly average of 4% and higher, and Glassnode data shows that Bitcoin's low volatility periods have only lasted for 19.3% of its total price history. Analysts at Glassnode arrived at a level of $32,000 for Bitcoin after focusing on active Bitcoin investors and removing coins that are lost forever. The short-term charts of Bitcoin and select major altcoins suggest that the bulls may be losing their grip.
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