Bitcoin volatility sees new lows with BTC price flat and far from a Santa rally.
The pair had stubbornly refused to offer any form of volatility through much of the week, with an absence of a macro trigger reinforcing lackluster performance.
“Bitcoin's volatility is at an all-time low,” William Clemente, founder of crypto research firm Reflexivity,Bitcoin historical volatility index 1-week candle chart. Source: TradingView He added that the total crypto market cap had retraced the entirety of its gains from its 2017 highs and was now testing those highs as support.eyed
similarities to Christmas 2018, right after the pit of Bitcoin’s last bear market during its previous halving cycle. The length of time between its prior all-time high and Christmas lows a year later, he showed, were broadly similar — 117 bars and 137 candles for 2018 and 2022, respectively, on the 3-day chart.Looking ahead, fellow popular analytics account Bagsy had some similarly uninspiring news for hodlers going into 2023.
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