Will Bitcoin’s Silent Volatility End Soon with Looming Breakout Deadlines? 🤔

#bitcoin remains remarkably calm after the weekly close, defying expectations for price volatility.

The cryptocurrency hovers within a tight trading range below $30,000, frustrating both bulls and bears as they struggle to influence a new price trend. With minimal macroeconomic triggers, attention turns to whale accumulation and historic patterns suggesting an imminent #breakout .

The #Bollinger Bands metric highlights the current subdued volatility, akin to periods in 2016 and 2023. Despite a brief uptick in volatility at the weekly close, Bitcoin quickly reverted to its position around $29,000.

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The UNI/USD price on #Uniswap has dropped 3.08% to $5.47 in the last day. This is in contrast to its recent #upward trend, which has seen it increase by 3.0% from $5.3 to its present price.

The chart below contrasts Uniswap's price movement and volatility over the previous 24 hours (on the left) and over the previous week (on the right). The #Bollinger Bands in grey represent the #volatility of both daily and weekly price changes. The volatility increases with the width of the bands or the size of the grey area at any particular time.