Bitcoin’s Low Volatility is “a Calm Before the Storm”
Analysts expect a “sharp move” from Bitcoin and very soon
Bitcoin analysts and traders say BTC’s low volatility is ‘a calm before the storm’
“If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: ‘volatility,’ ‘bond prices’ and the potential of a ‘sharp move’ in Bitcoin price.
Multiple analysts have placed emphasis on Bitcoin’s range-bound price action, leading some to question whether this is a sign of a market bottom, or even a decoupling from equities markets.
In its latest ‘The Week On-chain’ newsletter,titled ‘A Calm Before The Storm,’ Glassnode analysts said:
‘Recent weeks have seen an uncharacteristically low degree of volatility in Bitcoin prices, in stark contrast to equity, credit, and forex markets, where central bank rate hikes, inflation, and a strong US dollar continue to wreak havoc.’”