This is the chart of correlation between Bitcoin Volatility Index and Bitcoin PA. As you can see, the volatility at the moment is located at the historical bottom which has proved itself a strong base where PA starts.
Previous times volatility was there: - January 2017 before the rally from $1000 to $20000 - November 2018 before the breakdown $6000 - $3000 - March 2019 before the rally from $4000 - $14000
Expect a new market cycle to start from the end of July - beginning of August.