According to BlockBeats, Bitcoin's volatility on August 22 has exceeded the levels seen in March, when Bitcoin reached an all-time high. Traders believe this increased volatility could be the catalyst needed for Bitcoin to finally break out of its consolidation phase.
However, for a rebound to occur, Bitcoin must first maintain a price above $61,000 and successfully retest the $62,000 level, a price point it has not reached since August 9.
Data from CoinGlass indicates that on August 21, Bitcoin's historical volatility chart showed a reading of 3.42%, surpassing the 3.00% recorded on March 13, when Bitcoin hit its peak of $73,679.
