Bitcoin continues to trade within a narrow range of $93,000 to $98,000. The price remains stable despite attempts to surpass its all-time high.
Current Situation
Bitcoin remains in the $93,000–$98,000 range, maintaining one of the lowest volatility levels in recent years. Attempts to exceed the all-time high of $109,114 were unsuccessful, leading the market into another phase of consolidation.
Volatility Levels
Recent drops in Bitcoin's volatility to 23.42% are approaching historical lows. Over the past four years, such low figures have only been seen a few times. Similar contractions in the past have often preceded significant market moves. Options implied volatility also shows multi-year lows.
Potential Scenarios
Experts believe Bitcoin is on the brink of significant changes. With stable demand, the price could establish a new range above the all-time high. However, without sustained buying pressure, a deeper decline is possible. A substantial demand zone has formed below the current price, which could serve as support if the market faces pressure.
Current Bitcoin metrics indicate potential major shifts in its price. It is important to monitor demand levels and volatility for future price movement predictions.
