Bitcoin’s calm is back and so is the setup for a volatility explosion
Bitcoin’s daily price swings have tightened to their narrowest since January, making clean trades harder to find. Here’s what could happen next.
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Summary
- Bitcoin trading has entered one of its quietest stretches since January, with prices largely stuck between $62,000 and $65,000.
- Bollinger bandwidth on bitcoin’s daily price chart has tightened to the narrowest since the start of the year, signaling a significant squeeze in volatility.
- Such prolonged periods of tight trading ranges have historically preceded sharp moves in bitcoin’s price, though the direction of the next big move is uncertain.
