Re: We're experiencing the least volatile Bitcoin bull market ever.

Quote from: bitmover on October 15, 2024, 08:28:17 PM

There is an old saying "never short a dull market"
We are basically here, in a very dull market right now.

For those who like, there are many technical indicators why dull markets with low volume and volatility are usually welcome and they indicate good buying opportunities

https://www.marketwatch.com/story/why-never-short-a-dull-market-is-pretty-good-advice-when-it-comes-to-stocks-11623174750

As far as I remember, in 2019, Bitcoin price volatility was also very low. The media and cryptocurrency exchange executives wrote that low volatility was here to stay and advised trading with leverage (if you want to make a profit).

Then the Covid pandemic began and Bitcoin price first fell to $4,500 and then rose to $69,000.

When people tell me that Bitcoin has low volatility, I say - "Let's wait! Bitcoin can surprise!" We do not know the future, and it is also too early to say that we are in a full-fledged bull market (after all, Bitcoin price is now even lower than the ATH of the previous bull cycle).

Various surprises may await us ahead.