Sharp Bitcoin price move expected as volatility hangs at record lows and sellers are ‘exhausted’

[Google News Bot]

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on? Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustion According to Glassnode research, the “Bitcoin market is primed for volatility,” with on- and off-chain data flashing multiple sign ...

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