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.
What do you think? Leave a comment 👇🏻
