Bitcoin has achieved fluctuations near its lowest historical levels – what does this mean for the price
Bitcoin’s price seemed ready to recover $ 100,000 on Friday, as it was at the back of the US Securities and Stock Exchange Committee’s decision to drop the lawsuit against Crypto Exchang Coinbase. However, the first cryptocurrency failed to take advantage of this transformation in the momentum after the exploitation of the stock exchange of $ 1.4 billion.
As bitcoin price is now above 96,000 dollars, modern data indicates that some fluctuations are approaching historically low levels. Here is how the latest fluctuation trend may affect the performance of BTC prices in the coming weeks.
Do BTC prices collect on the horizon?
In a recent post on the X platform, Crypto Analytics Glassnode Make up How the main volatile indicators can affect closely to low levels of bitcoin and its future path. The relevant measurements here are “achieved fluctuations” and “implicit options” for one week.
For the context, the achieved fluctuations (also referred to as historical fluctuations) measure the amount of the price of the original (BTC, in this case) over a specified period. The implicit volatility, on the other hand, is a measure that evaluates the possibility of future changes in the price of the original.
According to Glassnode data, Bitcoin volatility decreased for one week to 23.42 %. The intelligence company noted on the series that the current value of the scale is close to its lowest historical levels, as BTC fluctuations only decreased under this level several times in the past four years.
Source: Glassnode/X
It is worth noting that the one -week fluctuation scale decreased to 22.88 % and 21.35 % in October 2024 and November 2024, respectively. These points were a bottom, with the metric recovery from this level in the past. From a historical perspective, such a decrease in achieved fluctuations has preceded large price movements, which increases the possibility of possible penetration – or even correction.
Source: Glassnode/X
Meanwhile, Bitcoin options for one week implicitly witnessed a significant decrease to 37.39 %. The current level of the index is located near its lowest level-the last time was witnessed in 2023 and early 2024. Likewise, the price of bitcoin witnessed great market movements the last time that implicit fluctuations were around this level.
Moreover, it should be noted that the long -term options involved in fluctuations currently show a different direction. The implicit fluctuation for 3 months is about 53.1 %, while the 6 -month index hovers at 56.25 %. This indicates that market participants expect to increase volatility in the coming months.
Bitcoin price at a glance
As of this writing, the bitcoin value is estimated at about $ 95340, which reflects a decrease of more than 3 % in the past 24 hours.
The price of Bitcoin on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
