'Big move brewing' fir BTC Präis? Bitcoin ka flaach bleiwen, seet den Analyst

Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come.

BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show.

Volatility far from guaranteed

Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge.

Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000.

Dat ass de 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.

Two months after FTX, traders and analysts alike are hotly debating when the breakout will come for BTC/USD — and in which direction it will go.

“A big move is brewing for Bitcoin,” Charles Edwards, founder and CEO of asset manager Capriole Investments, dohinnergestallt den 5. Jan.:

"Bitcoin handelt de Moment mat enger grousser niddereger Volatilitéit. Generell, wann Bitcoin aus extrem gerénger Volatilitéit brécht, tendéiert de kommende Trend ze daueren. Kampf net den Trend op der nächster grousser Beweegung.

An accompanying chart showed the 30-day annualized standard deviation of Bitcoin volatility, this now at lows seen only a handful of times in the past five years.

Equally convinced that the status quo will break is Wolf vun alle Stroossen podcast host Scott Melker, who this week flagged what he described as the “tightest” Bollinger Bands he had ever seen on the daily Bitcoin chart.

Bollinger Bands are a classic volatility indicator in action since the 1980s. They likewise use standard deviation to determine the upper and lower bounds of price action within a defined period. Multiple use cases arise, including the ability to assess comparatively volatile or nonvolatile price action, as well as associated entry and exit points.

Currently, the two bands are “squeezed” around the central moving average on BTC/USD, data from Cointelegraph Mäert Pro an TradingView shows, leading to assumptions that volatility should now ensue.

For creator John Bollinger, however, the length of the squeeze is not necessarily pertinent to the timing or strength of future volatility.

“In my experience prolonged Squeezes are rarely valuable signals. I prefer Squeeze and Go!” he geäntwert to Melker.

Bullish Bitcoin takes lacking

Wéi Cointelegraph confirméiert, meanwhile, there is no shortage of bearish BTC price predictions in force at the start of 2023.

Verbonnen: $16.8K Bitcoin handelt elo méi wäit ënner dëser Schlëssel Trendline wéi jee

Various warnings have cautioned hodlers over what may be to come, including a drop to $10,000 or even lower in Q1.

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.

D'Meenungen, Gedanken an Meenungen, déi hei ausgedréckt ginn, sinn eleng d'Auteuren a reflektéieren net onbedéngt d'Meenungen a Meenunge vum Cointelegraph.