Bitcoin

<p>Recently, the leading cryptocurrency has displayed a considerably low level of volatility. This contrasts with its generally volatile nature relative to other assets. However, some traders and analysts see this low volatility as a precursor to a possible explosive rise in Bitcoin (BTC).</p> 
<h2 id="bitcoin-btc-volatility-reaches-atl-level">Bitcoin (BTC) volatility reaches ATL level</h2> 
<p>After recording remarkable growth at the start of the year, the bitcoin price is currently experiencing <a href="https://www.cointribune.com/en/bitcoin-btc-volatilite-au-plus-bas-historique-signe-dune-flambee-a-venir-2/" target="_blank" rel="noopener noreferrer nofollow">very low volatility</a>. It has remained within a narrow range between $31,862 and $28,477 since July. This “boring” movement comes as the crypto community awaits the next Halving in 2024.</p> 
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<p>According to <a href="https://twitter.com/glassnode/status/1688559525643595776" target="_blank" rel="noopener noreferrer nofollow">Glassnode</a>, a company specializing in on-chain data analysis, the bitcoin (BTC) market is facing extreme volatility compression. A chart representing effective annual volatility shows that volatility levels are currently very low. Monthly volatility is currently 22.9%, while annual volatility is 49.1%.</p> 
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 <img decoding="async" width="1024" height="589" src="https://www.cointribune.com/app/uploads/2023/08/volatilite-bitcoin-glassnode-1024x589.jpg" alt="Bitcoin (BTC) volatility rate - source: Glassnode on Twitter" class="wp-image-624016" srcset="https://www.cointribune.com/app/uploads/2023/08/volatilite-bitcoin-glassnode-1024x589.jpg 1024w, https://www.cointribune.com/app/uploads/2023/08/volatilite-bitcoin-glassnode-300x173.jpg 300w, https://www.cointribune.com/app/uploads/2023/08/volatilite-bitcoin-glassnode-768x442.jpg 768w, https://www.cointribune.com/app/uploads/2023/08/volatilite-bitcoin-glassnode.jpg 1185w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption"> <em>Bitcoin (BTC) volatility rate – source: Glassnode on Twitter</em> 
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<p>All this is happening at a time when bitcoin (BTC) has posted a positive performance of +76% since the start of the year. According to some analysts, this low volatility points to the possibility of explosive upward movements.</p> 
<h2 id="h-towards-an-imminent-surge">Towards an imminent surge?</h2> 
<p>As a general rule, low volatility suggests the approach of a significant move. According to crypto analyst Sunny Decree on Twitter, a breakout could be imminent given the current low level of volatility.</p> 
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    <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
     <p lang="und" dir="ltr">Yes <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/KyFTNilRmU" rel="noopener noreferrer nofollow">https://t.co/KyFTNilRmU</a></p>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1688187009674756096?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 6, 2023</a> 
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 <figcaption class="wp-element-caption"> <em>Sunny Decree and CryptoCon on Twitter about the low volatility of Bitcoin (BTC)</em> 
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<p>Another analyst, CryptoCon, followed by 28.3k subscribers, agrees. According to him, periods of low annual volatility in bitcoin (BTC) have often been followed by a rise in the asset’s price.</p> 
<p>Titan of Crypto, on the other hand, anticipates the <a href="https://twitter.com/glassnode/status/1688559525643595776" target="_blank" rel="noopener noreferrer nofollow">price taking off</a>. Its chart shows that a second phase of extreme low volatility generally precedes an explosive rise.</p> 
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 <img decoding="async" width="1024" height="631" src="https://www.cointribune.com/app/uploads/2023/08/titan-crypto-volatilite-1024x631.jpg" alt="Titan of Crypto's Bitcoin (BTC) analysis on Twitter" class="wp-image-624019" srcset="https://www.cointribune.com/app/uploads/2023/08/titan-crypto-volatilite-1024x631.jpg 1024w, https://www.cointribune.com/app/uploads/2023/08/titan-crypto-volatilite-300x185.jpg 300w, https://www.cointribune.com/app/uploads/2023/08/titan-crypto-volatilite-768x473.jpg 768w, https://www.cointribune.com/app/uploads/2023/08/titan-crypto-volatilite.jpg 1042w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption"> <em>Titan of Crypto’s Bitcoin (BTC) analysis on <a href="https://twitter.com/Washigorira/status/1687131911875915776" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></em> 
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<p>If these various bullish predictions come to fruition, bitcoin’s (BTC) current downtrend could represent an investment opportunity. In this case, support at $28331 represents a potentially interesting buying zone.</p>

Bitcoin (BTC): Volatility at an ATL, price explosion in sight? August 8 analysis

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