Quote from: leemaxue on Today at 12:17:13 AM

Bitcoin has seen some of the most boring price action it has witnessed in over a year.

After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100.

The benchmark digital asset is showing few signs of breaking this trend anytime soon, but one analyst does believe that this could mark the “calm before the storm.”

Quote

https://www.investreader.com/topics/LQpFY2zgCl6

So. what do you think?

See every trader has his own analysis and his own ideology. It's pretty hard to merely predict that what he means when he is saying this. But I am pretty much on the same side so let me explain why I am thinking this. First of all due to covid and lockdown i am waiting for economy to crash. Many companies are filing for bankruptcy and chances are that markets could decline a lot. So owing to that when traditional markets decline people go looking for safe assets. Now i believe bitcoin coule be one of those safe assets which could increase manifold.

Quote from: davis196 on Today at 06:06:06 AM

Quote from: leemaxue on Today at 12:17:13 AM

Bitcoin has seen some of the most boring price action it has witnessed in over a year.

After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100.

The benchmark digital asset is showing few signs of breaking this trend anytime soon, but one analyst does believe that this could mark the “calm before the storm.”

Quote

https://www.investreader.com/topics/LQpFY2zgCl6

So. what do you think?

The Bitcoin price has low volatility,because the army of HODLers increased in number,so more crypto trader and BTC enthusiasts are HODLing their bitcoins,waiting for the bullish trend.The problem is that there's no event that would trigger the bullish trend and drive increased demand for Bitcoins.
After a while,many HODLers will get tired of waiting and will start selling their Bitcoins.This will trigger a bearish trend and push the BTC price down."The storm" will look like a Bitcoin price crash,but I'm confident in the long term future of Bitcoin.

I believed the holders community is long gone. I thought after the previous crash many just realized that there is no point hodling glad to see there still are some.