Will Bitcoin’s low volatility help push prices beyond $27k?
Reclaiming $27,000 may have brought back confidence into the market. However, this may not be the end of Bitcoin's upward trajectory. For reasons, check out what's discussed here....
- Bitcoin's volatility has remained low over the last three months, with the price consolidating between $25,000 and $26,000.
- Despite the drop in price, low volatility is seen as a bullish sign for Bitcoin.
- The annual realized volatility is currently very low, indicating a high chance of price increase.
- Traders are showing a bias towards increasing BTC-related contracts, as indicated by the Estimated Leverage Ratio (ELR).
- The Stablecoin Supply Ratio (SSR) is currently low, suggesting potential buying pressure and a possible price rise.
The sentiment in the article is generally positive, with the low volatility of Bitcoin being seen as an advantage and a potential indicator of a price increase. Traders and investors are optimistic about the future performance of Bitcoin.