At present, Bitcoin's volatility is at its most subdued ever
, a cryptocurrency trader and on-chain analyst, every time Bitcoin volatility has fallen below 1, it has been followed by a bullish rally, with one exception — October 2018.
Bitcoin experienced a 50% decline in October 2018, and data shows that a rally is likely to occur 75% of the time in such a situation. Currently, Bitcoin's volatility is at its lowest point in history, and the market is seemingly waiting for the next major move.This scenario mirrors the bear market of late 2018. Volatility collapsed in October 2018 before surging again when Bitcoin dropped to the low point of $3,200 in December 2018, which was the last stage of the previous bear market.Bitcoin volatility is the degree of variation in the price of Bitcoin over time.
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