Source: CoinTribune
Original Title: Bitcoin’s Volatility Drops To Minimum, Experts Weigh In
Original Link: https://www.cointribune.com/en/bitcoins-volatility-drops-to-minimum-experts-weigh-in/
Volatility at Its Minimum Level: Traders Await the Breaking Point
The bitcoin price remains locked in a narrow range around $90,000, a consolidation level which, according to several analysts, cannot last.
Technical analysis expert Aksel Kibar believes this period of stagnation could lead to a sudden movement: “an extremely low volatility setup generally announces an imminent directional move.” He identifies a bearish configuration on the daily chart and envisions two contrasting technical short-term scenarios.
Here are the projections mentioned by Kibar, depending on the direction the market takes:
A bearish scenario: a drop to a support zone located between $73,700 and $76,500
The bullish scenario: breaking the technical resistance at $94,600, followed by a rapid rise towards $100,000
For his part, trader Crypto Tony recommends a tactful cautious approach, suggesting investors only position themselves in case of a confirmed movement: “$90,600 and $89,800 is our range. Only trade the breakout.”
This narrowing of levels confirms a market under pressure, ready to explode in one direction or the other. Despite several attempts to break upwards, the horizontal resistance remains strong, continuing to repel buyers’ attacks. The market seems to be waiting for a clear signal, which strengthens the risk of a sudden movement in the hours or days to come.
Indicators Reinforce the Scenario of a Pullback to $50,000
Beyond technical setups, certain on-chain data support the bearish camp.
In a recent analysis, analyst Pelin Ay suggests the market has already entered a new bearish phase. “Price reactions are sold at declining moving averages, which means these averages have become dynamic resistance zones,” highlighting a dynamic where each upward attempt is thwarted by increased selling pressure.
According to her, buyers lack strength, as evidenced by weak buying volumes during bullish moves, while selling volumes clearly dominate.
This structural reading translates into a generalized loss of momentum on major assets, including Ether, which despite a better rebound, does not show clear trend reversal signals. In this context, Pelin Ay believes a return to $50,000, after a false rebound hope, may be necessary before bitcoin finds a solid base for a possible recovery. “For now, the bitcoin rally seems over,” she concludes, asserting that the current structure remains fundamentally bearish.
Bitcoin falls back below $90,000, deepening doubts about the strength of its support. Facing compressed volatility and ambiguous technical signals, the market remains suspended awaiting the next breakout.
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Bitcoin's Volatility Drops To Minimum, Experts Weigh In
Source: CoinTribune Original Title: Bitcoin’s Volatility Drops To Minimum, Experts Weigh In Original Link: https://www.cointribune.com/en/bitcoins-volatility-drops-to-minimum-experts-weigh-in/
Volatility at Its Minimum Level: Traders Await the Breaking Point
The bitcoin price remains locked in a narrow range around $90,000, a consolidation level which, according to several analysts, cannot last.
Technical analysis expert Aksel Kibar believes this period of stagnation could lead to a sudden movement: “an extremely low volatility setup generally announces an imminent directional move.” He identifies a bearish configuration on the daily chart and envisions two contrasting technical short-term scenarios.
Here are the projections mentioned by Kibar, depending on the direction the market takes:
For his part, trader Crypto Tony recommends a tactful cautious approach, suggesting investors only position themselves in case of a confirmed movement: “$90,600 and $89,800 is our range. Only trade the breakout.”
This narrowing of levels confirms a market under pressure, ready to explode in one direction or the other. Despite several attempts to break upwards, the horizontal resistance remains strong, continuing to repel buyers’ attacks. The market seems to be waiting for a clear signal, which strengthens the risk of a sudden movement in the hours or days to come.
Indicators Reinforce the Scenario of a Pullback to $50,000
Beyond technical setups, certain on-chain data support the bearish camp.
In a recent analysis, analyst Pelin Ay suggests the market has already entered a new bearish phase. “Price reactions are sold at declining moving averages, which means these averages have become dynamic resistance zones,” highlighting a dynamic where each upward attempt is thwarted by increased selling pressure.
According to her, buyers lack strength, as evidenced by weak buying volumes during bullish moves, while selling volumes clearly dominate.
This structural reading translates into a generalized loss of momentum on major assets, including Ether, which despite a better rebound, does not show clear trend reversal signals. In this context, Pelin Ay believes a return to $50,000, after a false rebound hope, may be necessary before bitcoin finds a solid base for a possible recovery. “For now, the bitcoin rally seems over,” she concludes, asserting that the current structure remains fundamentally bearish.
Bitcoin falls back below $90,000, deepening doubts about the strength of its support. Facing compressed volatility and ambiguous technical signals, the market remains suspended awaiting the next breakout.