Bitcoin’s 30-day volatility has dropped to 28.70, marking the lowest level in ten years, and is now lower than Gold’s volatility of 33.49. This drop is attributed to sustained short positions since Bitcoin surpassed $100,000, leading to increased caution among traders.
Experts, including Fidelity’s Chris Kuiper, assert Bitcoin remains in an acceleration phase, with potential to hit $120,000, providing the $90,000 support holds. However, persistent low volatility could prompt investors to explore other opportunities.
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