{"id":376215,"date":"2019-03-28T00:01:31","date_gmt":"2019-03-28T00:01:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=376215"},"modified":"2024-06-11T07:38:29","modified_gmt":"2024-06-11T07:38:29","slug":"low-volatility-bitcoin-bull-run","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/low-volatility-bitcoin-bull-run\/","title":{"rendered":"Near Record-Breaking Low Volatility Could Precede a Bitcoin Bull Run"},"content":{"rendered":"

Bitcoin, according to one economist, is the fastest and highest rising asset of all time<\/a>, thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases Bitcoin price<\/a>. <\/span><\/p>\n

Due to these factors, the digital asset often experiences massive volatility, with 50% or higher price changes within one month being somewhat the norm for the first ever cryptocurrency. However, Bitcoin<\/a> has been stuck in a tight trading range, which according to historical data, is on track to break records for the least volatile month on record.<\/span><\/p>\n

Bitcoin Trades Between a 7.8% Range In March 2019, Monthly Candle Close Important<\/span><\/h2>\n
There is much debate between crypto bears and bulls alike, on if the bottom of the current bear market is in<\/a>. After falling from its all-time high of $20,000, Bitcoin ping-ponged between lowering overhead resistance, and seemingly unbreakable support at roughly $6,000.<\/span><\/p>\n
On November 2018, all that changed, and Bitcoin had a violent fall to the current trading range it is now in. Since then, the king of cryptocurrencies has experienced a period of stability that is uncommon for the emerging asset class.<\/span><\/p>\n
Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term\u00a0<\/a><\/strong><\/em><\/p>\n
During the month of March, BTC has traded within a narrow trading range of just 7.8%. The drop from over $6,000 to the low of $3,150 represents nearly a 50% drop for comparison sake. While most other assets would be seen as highly profitable with a 7.8 percent change in just one month, the stability is rare for Bitcoin.<\/span><\/p>\n
https:\/\/twitter.com\/Daemon_Crypto\/status\/50814976<\/p>\n
The 7.8% trading range, according to MarketWatch<\/a>, could soon break the record for the tightest trading range in the history of Bitcoin, if March\u2019s monthly candle closes within the current 7.8% range. All eyes will be watching the candle close, and traders are expecting fireworks.<\/span><\/p>\n

Low Volatility Leads to Bull Runs, According to Prominent Crypto Analyst <\/span><\/h2>\n
Murad Mahmodov, a prominent crypto analyst, told MarketWatch that volatility is a neutral sign, and \u201clow-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December.\u201d<\/span><\/p>\n
Related Reading | Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year\u00a0<\/a><\/strong><\/em><\/p>\n
The last period of extended low volatility was during the 2014-2015 bear market, when BTC crashed from over $1,000 down to $200. The drop percentage-wise is very similar to the 84% drop Bitcoin experienced during this current bear-bull cycle <\/a>following the break of its parabolic advance in 2017.<\/span><\/p>\n
\n
Bottom Q2 2019
No Bull Run till Q2 2020<\/p>\n
— Murad (@MustStopMurad) February 10, 2019<\/a><\/p><\/blockquote>\n