Why Bitcoin could have reduced volatility in the coming weeks !
We can see that Bitcoin is still holding near the top of the big triangle formation it created
Looking back to the previous bear market we can see that Bitcoin printed a similar triangle
When Bitcoin broke it's triangle in 2016 price volatility was very low
Only after it consolidated on previous highs it broke out hard
I expect a similar pattern: reduce volatility for some days. If price consolidate near $10.300 it has a big chance of break out hard on the upside !
Looking back to the previous bear market we can see that Bitcoin printed a similar triangle
When Bitcoin broke it's triangle in 2016 price volatility was very low
Only after it consolidated on previous highs it broke out hard
I expect a similar pattern: reduce volatility for some days. If price consolidate near $10.300 it has a big chance of break out hard on the upside !