#Bitcoin Impulsive Move Nearby. 🚀
The extremely low volatility we are witnessing right now is not something new in #BTC cycles. It usually lead to impulsive moves.
You are absolutely correct, the historical patterns indicate that low volatility is often followed by sharp and impulsive moves in Bitcoin price. While predicting future price of Bitcoin is extremely challenging task, considering low liquidity in the market and average buying cost of Bitcoin in the range of $23,000 to $24,000, according to on-chain analysis, suggests the possibility of further downward movement in Bitcoin's price before any potential reversal becomes possible.
https://markets.chainalysis.com/#trading