🔥🔥🔥Bitcoin Volatility Hits Record Low: Calm Before 500% Bullish Storm?

Bitcoin is back over $70,000 following weeks of sideways movement. The current monotony and sideways grind aren't necessarily negative.

Historical Bitcoin Volatility Hits Record Low

Volatility is frequently seen negatively. Oxford Languages defines volatility as “liability to change rapidly and unpredictably, especially for the worse.” How much and how rapidly price fluctuates in a certain period in financial markets.

Technical analysts utilize the historical volatility statistic to quantify volatility throughout an asset's price history. Analysts may compare Bitcoin's volatility using such a tool.

This tool in BTCUSD shows that the leading cryptocurrency by market cap is coming off its lowest volatility phase ever on the 2-week period. More significantly, BTCUSD rallied over 9,000% and 2,000% the previous two times it was this dull. The latest made Bitcoin famous, climbing from $1,000 to almost $20,000 in 2017.

Now that the signal is back, what does it signify for the cryptocurrency market and those who endured the sideways price action?

Third Time Lucky: Can BTC Climb 200-500%?
Cyclical volatility. After extreme volatility and dramatic price activity, prices lull uncomfortably sideways. When sideways monotony ends, market activity frequently explodes back to pre-lull levels.

Measure and anticipate volatility via “implied volatility.” The direction of volatility releases is unpredictable. Since volatility is usually linked with pessimism, a severe Bitcoin dump might break the low volatility.

However, the past two cases imply different, and the trend is up. BTCUSD may not witness another 9,000% or 2,000% boom as it did in 2013 and 2017, but the first cryptocurrency might rise 200% to 500%.

At 200% and $70,000 per coin, Bitcoin might peak at $140,000 this cycle. Bitcoin might reach $350,000 per coin with 500% growth. Higher multiples are feasible but unlikely due to declining returns.

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