Bitcoin may need more time for a breakout despite its Bollinger band 'squeeze,' bbands suggests.
) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come.
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.in the history of the Bitcoin historical volatility index , and other data likewise shows that such sideways behavior is extremely rare. “A big move is brewing for Bitcoin,” Charles Edwards, founder and CEO of asset manager Capriole Investments,“Bitcoin is currently trading at a major low in volatility. Generally, when Bitcoin breaks out of extremely low volatility, the ensuing trend tends to last. Don’t fight the trend on the next major move.”
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