Is this the calm after the storm now? I wouldnt mind a period of 3-4 months in this range. Low volatility is good for bitcoin. Average Joe doesnt want to buy when the price is up & down like a yoyo.
Id be cool with low volatility until June/July or something before the next leg up to $ 6,000 or something.
Anybody agree?
I do.
It's too soon for FOMO. We need consolidation. That's only achieved with TIME.
Spot on. Time is as important as price.
The next vital level will be the low of the next drop. Cannot yet see where the short term top and reverse will come in, but it will probably start within a few days.
The strongest scenario would be a drop in volatility over the next few weeks, followed by a small dump to test support. $5-6k is realistic for year end, but that is a long way off and a lot of price action will go under the bridge in the meantime.
It is still early days .