Re: We're experiencing the least volatile Bitcoin bull market ever.
by on 17/10/2024, 04:40:35 UTC
Maybe that's because we are not yet in a bitcoin-style bull market which is why the volatility appears to be less compared to the previous bull markets we have experienced.
Looking at the charts for the entire 2024, we only see a bigger than usual sideways market where price neither goes below $50k nor does it go above $70k and yet it keeps on going up and down inside this range (about 4 drops and 4 rises).
This is why I don't consider this a bull market yet. Price has to break above $70k first and continue rising for this to be considered a bull market. By then we can give an opinion on whether the volatility is the same as before or not.
Looking at the charts for the entire 2024, we only see a bigger than usual sideways market where price neither goes below $50k nor does it go above $70k and yet it keeps on going up and down inside this range (about 4 drops and 4 rises).
This is why I don't consider this a bull market yet. Price has to break above $70k first and continue rising for this to be considered a bull market. By then we can give an opinion on whether the volatility is the same as before or not.