Bitcoin slumped to a monthly low of $65,000 on June 14, down

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Bitcoin slumped to a monthly low of $65,000 on June 14, down about 5% from last week. However, if we look at the big picture, this asset is still consolidating since early March. "Bitcoin has rarely been this quiet," commented analyst James Check on June 14. The 30-day price ranges are only 8.3% apart, he said. There are two possibilities: 1) Bitcoin becomes a stablecoin for the new paradigm. 2) Volatility is on the horizon. Additionally, the risk of Bitcoin selling, a metric used to navigate volatility, is currently low, indicating that most gains and losses have already been realized. This suggests the market needs to move to motivate the next round of spending, the analyst said. The 'Choppiness' index, which serves as a fuel indicator for BTC, shows that the market is ready to trend on a weekly timeframe but still needs a break on a monthly basis. "My assessment is the market is ready to move in the short term (volatility), but not in the long term (trend continuation)," Check said. What do you think about this? Come on, discuss it in the comments column! 😄#Bitcoin#CryptoNews

Bitcoin slumped to a monthly low of $65,000 on June 14, down about 5% from last week. However, if we look at the big picture, this asset is still consolidating since early March. 
"Bitcoin has rarely been this quiet," commented analyst James Check on June 14. The 30-day price ranges are only 8.3% apart, he said. There are two possibilities: 1) Bitcoin becomes a stablecoin for the new paradigm. 2) Volatility is on the horizon. 
Additionally, the risk of Bitcoin selling, a metric used to navigate volatility, is currently low, indicating that most gains and losses have already been realized. This suggests the market needs to move to motivate the next round of spending, the analyst said. 
The 'Choppiness' index, which serves as a fuel indicator for BTC, shows that the market is ready to trend on a weekly timeframe but still needs a break on a monthly basis. 
"My assessment is the market is ready to move in the short term (volatility), but not in the long term (trend continuation)," Check said. 
What do you think about this? Come on, discuss it in the comments column! 😄#Bitcoin#CryptoNews