Looking back over the last few months, we can see that Bitcoin has tested key pivot levels. During the hype phase, we saw the price break through R3. When the price began to fall, we saw a reverse in fortunes and the S1 level tested. Interestingly, when such pivots are tested, we see a classic mean reversion. Over the last few weeks however, the contraction in volatility has led to an indefinable range. Where is the Bitcoin Mean? Are we at a key level? Trading Forex / CFDs is High Risk.