Why is the crypto market so quiet?
Bitcoin: The Calm Before The Storm
There is a storm brewing on the horizon, and most people don’t even see it coming. That storm is Bitcoin, and it is about to change everything. It’ll be unlike any storm you have ever seen before. Lives will be changed financially forever. Some will amass incredible riches, while some might lose everything.
However, if you were to look at the current landscape of the cryptocurrency market, that previous statement would seem as far from reality as possible. After all, during the last few months, Bitcoin has been behaving much more like a stablecoin, rather than the highly volatile crypto asset that it is. Ending days and weeks with the price staying within the same price range, moving up or down by only a hundred dollars or more. Most people new to Bitcoin aren’t even aware of its true behavior. That when Bitcoin finally wakes up, it moves with a vengeance. In other financial markets such as stocks, days where the market moves up or day by 3% to 5% are major headline events. With Bitcoin, that is just another Monday. In fact, when Bitcoin finally does wake up, days, where it moves should be expected.
With Bitcoin currently sitting at a price of just over $25k, a daily candle that sees its price go up by 2% would result in an increase of at least $2.9. With that said, think back to the last crypto cycle. On the best and worst days, Bitcoin saw price candles of it going up or down by at least $10k. It’s not too outlandish to expect $20k to $30k daily price candles during the next Bitcoin bull market.
What this all means is that the current calmness of the market is trying to fool. It is trying to make you forget how volatile of an asset Bitcoin is. It is trying to make you so bored that you either stop paying attention to the market or even sell out of your position altogether. Instead, this is the time when your mind needs to be the most focused. It is the calm before the storm, and that storm is rapidly approaching.
Are you prepared for the storm ?
