BTC shows a calm but narrow range; low volatility, $28.6K–$31K range.
Long-term HODLing, bullish signs hint at historical gains.
Bitcoin, the dominant cryptocurrency by market capitalization, recently surged to $30,144 just a few hours ago, sparking excitement within the community after two weeks of anticipation. However, this surge was short-lived as the price swiftly plummeted to $29,940 within half an hour. Notably, this was followed by Novogratz, a cryptocurrency authority, sharing that insiders at BlackRock and Invesco indicate the approval of Bitcoin ETFs.
Currently, BTC is trading at $29,751, reflecting a 1.78% decrease in the past 24 hours, showcasing a battle between bullish and bearish sentiments.
Curiously, Bitcoin’s price is experiencing an unusual period of calm, with volatility indicators nearing record lows. Yet, the upward BTC price movement remains constrained within a range of $28,670 to $31,000.
Though BTC has experienced similar sideways trading in 2016 and 2019
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