BTC Volatility Analysis for Personal Income, 31st January 2025

Data Analysis

The data released by Bureau of Economic Analysis for Personal Income and Outlays on 31st January, 2025 has come in at an increase to 0.4% for December 2024. Compared to the previous release for November 2024 at 0.3%, we can see that consumer sentiment is increasing month over month.

To see the impact and volatility of BTC's price during the Personal Income release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 2,143 BTC with prices swinging between 104,080.10 and 105,036.03, representing a swing of 0.91%. Subsequently, the trading volume increased significantly by 158% to 5,535 BTC. Price action ranged from a low of 104,106.00 to a high of 106,012.00, a significant difference of 1.80%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 132 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 104,750.01 to a high of 104,951.43, a 0.19% change. Immediately following, trading volume increased considerably by 76% to 231 BTC. At this time, Bitcoin hit a low of 104,551.09 with a high of 104,939.99, a significant change of 0.37%.

About Personal Income and Outlays

Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.