Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come.
This is the least volatile period in the history of the Bitcoin historical volatility index (BVOL), and other data likewise shows that such sideways behavior is extremely rare.
Currently, the two bands are “squeezed” around the central moving average on BTC/USD, data from Cointelegraph Markets Pro and TradingView shows, leading to assumptions that volatility should now ensue.
“In my experience prolonged Squeezes are rarely valuable signals.
Hopes of upside are comparatively muted as analysts look to see what will happen with the United States’ macroeconomic policy and its influence on risk assets.
The views, thoughts, and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Source: Cointelegraph
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