CoinDesk·4 min read·hard
Bitcoin’s calm is back and so is the setup for a volatility explosion
O
Omkar Godbole
✦AI Summary
Bitcoin is currently experiencing a period of low volatility and reduced trading volume, a pattern that historically precedes significant price movements. Analysts suggest that the market is 'coiling' for a potential breakout in either direction.
The price of the largest cryptocurrency is stuck in a tight range, with volatility at six-month lows, and traders are struggling to identify a break to bet on. Not surprisingly, transaction volume has slumped and is on track for the lowest since November 2023.
cryptoeconomybusiness
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