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.”
So. what do you think?
Nothing unusual over here. The price does stay within a range for more than few months every year and then a sudden change takes place. The change can be either positive or negative. I mean, it can start rising or falling. No one knows that. But, current events does indeed have an effect on what is going to happen to the price.
Weird how there are group of people who gets frustrated when the price is volatile and again there are group of people who doesn't like it when the price stays stable.
You would really see those kind of criticism yet people are either into those sides and once it didnt meet out its expectation then its anticipated that they will throw out these words.
Volatility what makes bitcoin/crypto popular in investors view but there are people that who are get used to traditional markets which why they do say up such things.
Price can really neither go from side to side anytime.