IS A BIG MARKET MOVE COMING? ๐จ๐
This chart tracks the price range over the past 60 days for #Bitcoinโฏ, highlighting compressing volatility. Historically, this has often preceded significant market movements. While it suggests a potential breakout is on the horizon, remember, past performance doesn't guarantee future results.
Here's the breakdown:
The chart focuses on the percentage range between highest and lowest prices over 2 months.
Compressing volatility indicates a tightening price range, often seen after consolidation periods.
Historically, low volatility has sometimes preceded significant market moves, suggesting a potential breakout could be imminent.
This is not a guaranteed prediction, and thorough research is crucial before any investment decisions.
