Bitcoin’s daily price swings have tightened to their narrowest since January, making clean trades harder to find. This is based on reporting from CoinDesk.
The current calm in Bitcoin's price could be setting up for a potential volatility explosion. The narrowing of daily price swings indicates a period of low volatility, which can often precede a significant price movement.
In the context of Bitcoin's historical price movements, periods of low volatility have been known to be followed by significant price swings. However, it is unclear what will happen next to Bitcoin's price.
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