Bitcoin’s volatility grew by 200%. The upside trend is gaining traction with the next focus on $5,560. Bitcoin, the largest and the most popular cryptocurrency out there, is changing hands at $5,400. BTC/USD bottomed out at $5,214 on April 21 and has been moving upwards ever since. The coin touched $5,441 high during late Monday session, but failed to hold the ground above $5,400. The Bitcoin volatility jumped nearly 200% in the recent month. Thus, following the price growth in the beginning of April, the volatility jumped from 1.26% to 3/31% in just two days. Since that time, the Bitcoin has been trading in a narrow range limited by $4 900 and $5 400 boundaries. At the time of writing, the daily volatility of the first digital asset reached 3.54%, which is the highest level in recent three months. It is worth mentioning, that the Bitcoin’s volatility has been sliding slowly during several years. It is reduced by 98% in 2018. On the intraday charts, BTC/USD is moving within an upside trend. The Relative Strength Index points to the North, which is consistent with the bulls’ case scenario. A sustainable move above the recent high will take us towards $5,500 handle and to $5,560, which is the highest level since November, 19, 2018. On the downside, the initial support is created by the intraday low $5,363. Once below, the sell-off may continue towards $5,300 supported by SMA50 and SMA100 (1-hour). The next barrier is created by SMA200 at $5,235 and the lower boundary of the recent upside channel at $5,140. BTC/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Australia: Core inflation to weaken in Q1 – NAB FX Street 4 years Bitcoin's volatility grew by 200%. The upside trend is gaining traction with the next focus on $5,560. Bitcoin, the largest and the most popular cryptocurrency out there, is changing hands at $5,400. BTC/USD bottomed out at $5,214 on April 21 and has been moving upwards ever since. The coin touched $5,441 high during late Monday session, but failed to hold the ground above $5,400. The Bitcoin volatility jumped nearly 200% in the recent month. Thus, following the price growth in the beginning of April, the volatility jumped from 1.26% to 3/31% in just two days. Since that time, the Bitcoin… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.