'Get ready' for BTC volatility — 5 things to know in Bitcoin this week
Bitcoin BTC starts a new week keeping everyone guessing as a tiny trading range stays in play.
A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000.
Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on trajectory — or even signal that a breakout or breakdown is imminent.
After a brief spell of excitement seen on the back of last week’s United States economic data, Bitcoin is thus back at square one — literally, as price action is now exactly where it was the same time last week.
As the market wonders what it might take to crack the range, Cointelegraph takes a look at potential catalysts in store this week.
For Bitcoin traders, it is a case of “almost too quiet” when it comes to the BTC/USD weekly chart.
Having come down significantly in volatile conditions over the first half of 2022, recent months have seen an almost eerie lack of volatility.
Data from Cointelegraph Markets Pro and TradingView proves the point — on 1-week timeframes, Bitcoin continues to print candles with almost no body whatsoever.
Such is the stickiness of the current range that, as Cointelegraph reported, the Bitcoin historical volatility index (BVOL) is at lows only seen a handful of times.
“Equity volatility (VIX) relative to Bitcoin volatility (BVOL) is approaching all-time highs,” William Clemente, co-founder of digital asset research and trading firm Reflexivity Research, added in comments last week.
An accompanying chart neatly captured Bitcoin as a curiously stablecoin-esque pick in the current climate, with Clemente implying that a return to the classic, more volatile paradigm should follow.
The week prior, economist, trader and entrepreneur Alex Krueger
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