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Home Cryptocurrency news Bitcoin

Near Record-Breaking Low Volatility Could Precede a Bitcoin Bull Run

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 3min read
Near Record-Breaking Low Volatility Could Precede a Bitcoin Bull Run
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Bitcoin, according to one economist, is the fastest and highest rising asset of all time, 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.

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 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.

Bitcoin Trades Between a 7.8% Range In March 2019, Monthly Candle Close Important

There is much debate between crypto bears and bulls alike, on if the bottom of the current bear market is in. 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.

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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.

Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term 

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.

Pay attention to all your favorite shit coins.. Also pay attention to $BTC #BTC.. The Q1, Monthly, Weekly and Daily close all land on the same day (1st April). Where they close mattes. #AltSeasonIsHere #ProtectCapitalhttps://t.co/8INGfJjSkR pic.twitter.com/O0bo35Q8ml

— Trader Troy (@tradertroy888) March 26, 2019

The 7.8% trading range, according to MarketWatch, could soon break the record for the tightest trading range in the history of Bitcoin, if March’s monthly candle closes within the current 7.8% range. All eyes will be watching the candle close, and traders are expecting fireworks.

Low Volatility Leads to Bull Runs, According to Prominent Crypto Analyst

Murad Mahmodov, a prominent crypto analyst, told MarketWatch that volatility is a neutral sign, and “low-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December.”

Related Reading | Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year 

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 following the break of its parabolic advance in 2017.

Bottom Q2 2019
No Bull Run till Q2 2020

— Murad (@MustStopMurad) February 10, 2019

Stability is necessary for Bitcoin to ever become the global currency many position it as, and the long-term logarithmic growth chart suggests that as Bitcoin’s price rises towards its ultimate destination, stability should become commonplace and volatility should disappear from the asset.

Featured image from Shutterstock
Tags: bitcoinbitcoin priceMarketWatchmurad mahmodovvolatility
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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