Date: 2025-04-30
Key points:Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion.Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above.Although the probability is low, traders should remain cautious about a pullback in the near term.Bitcoin (BTC) has been trading in a tight consolidation near the $95,000 level for several days. K33 Research head of research Vetle Lunde said in a post on X that Bitcoin’s 7-day volatility has hit a 563-day low.A range expansion usually follows a low-volatility period. Although it is difficult to predict the direction of the breakout, a tight consolidation just below a crucial resistance increases the likelihood of an upside rally. Several analysts are also optimis...
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