The Bitcoin price volatility in March is approaching its lowest levels on record, which could precede the next prolonged bull run, says one analyst.
Lowest Bitcoin Volatility on Record
Bitcoin is on the verge of recording its least volatile month, according to a report by Marketwatch. Citing Dow Jones market data, the report outlines that the monthly trading range of Bitcoin price for the month of March is at 7.8 percent.
Prior to that, the tightest monthly trading range for BTC/USD since the start of 2017 was 21.2 percent, while the average monthly trading range since October 2013 is 53.7 percent.
Commenting on the matter was popular cryptocurrency analyst Murad Mahmudov, who outlined:
Volatility is in itself a neutral signal. Historically, however, low-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December.
Nevertheless, it’s also worth noting that Mahmudov has previously said that he expects “no bull run till Q2 2020.”
Bottom Q2 2019
No Bull Run till Q2 2020
— Murad Mahmudov Read more