I'm looking at Bitcoin charts for the past few days and it looks like a straight flat line. I'm not sure whether to feel happy or sad about this but could this possibly be related to the fact that we now have bitcoin futures? Does this mean bitcoin volatility will be less?
The past few days? That's nothing. You could have said the same thing the week of November 16th to November 23rd -- a week of sideways. Immediately afterwards, the price pumped from $8,000 to $17,000. It seems like the same thing here: the calm before the storm. This 4-day consolidation is the longest sideways we've seen in a month.
In a trend, the longer the consolidation goes, the higher the price can go after we break range. Given the velocity of the parabolic trend, now that we've broken new ATHs, another 50% move seem imminent. Bulls just need to confirm support at the previous highs.
Regardless of anything, volatility is only going to increase. This is a parabolic trend, and afterwards comes the blow-off top. Trends in both directions will be highly volatile for the foreseeable future.