During the last seven days there was a steady decline of the trading volume in bitcoin. This is stated in the review team Arcane Research.
Today the largest cryptocurrency dropped in price to $9243. In the last 24 hours, the capitalization of BTC fell to $170,435 billion.
For two months the volatility of bitcoin remains at a minimum. The coin is trading mostly in a range between $9000 and $9500. It is sometimes observed jumping above this level, but then the revert was resumed.
Arcane Research analysts share the point of view of those traders who are sure that the pendulum will swing in either direction in the near future.
Trader Josh Rager, for example, said recently that the conditions for explosion ripe. However, you cannot be completely sure that the result of a spike in the volatility index will be a review of bitcoin. Now the chances are absolutely equal in favor of the leap to $12 000 and above, and in favor of a fall to $7000-6500.
Note that due to the weak volatility of BTC so-called “Allston” is in full swing. Over the past few days very good results showed coins Cardano, Stellar and Chainlink.