Bitcoin kisses 50-day moving average as trader predicts fresh BTC price volatility

Bitcoin (BTC) filled the CME futures spread successful beforehand anterior to the Wall Street unfastened connected Feb. 14, reaching $42,870.

BTC/USD 1-hour candle illustration (Bitstamp). Source: TradingView

Trader: Volatility gone, but not for long

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly Monday, with the commencement of U.S. trading keeping the brace astir $42,500. 

Sunday's play adjacent had disappointed analysts, with Bitcoin failing to execute a higher precocious connected the play chart.

While volatility remained absent connected the day, expectations were already flowing successful regarding a inclination alteration successful the coming days.

— The Wolf Of All Streets (@scottmelker) February 14, 2022

"Well, the volatility has drained down connected Bitcoin. Awaiting a dense week to come, successful which the volatility astir apt comes soon arsenic EU banal markets are besides providing it," Cointelegraph contributor Michaël van de Poppe said successful portion of a caller Twitter post.

With small enactment among stocks and tensions implicit the Russia-Ukraine concern besides reduced acknowledgment to the imaginable of a caller circular of diplomacy, crypto markets offered fewer opportunities for an casual trade.

Order publication volumes (OBV) likewise highlighted the constrictive scope successful which BTC/USD was apt to enactment successful the abbreviated word acknowledgment to trader positions.

"Daily OBV showing a beardown purchaser effect astatine the lows and a beardown rejection astatine the highs," fashionable Twitter relationship Nebraskan Gooner said.

"This means we person a beardown unit connected either extremity and could mean we chop astir present for a bit."

$100,000 moved to 2023

Confident arsenic ever, meanwhile, stock-to-flow exemplary creator PlanB looked to adjacent twelvemonth for the magical $100,000 Bitcoin to hit.

Related: ‘Up only’ for BTC fundamentals — 5 things to ticker successful Bitcoin this week

Previously calling for that terms to hap by Christmas 2021, PlanB, who has faced important disapproval aft BTC's comparatively lackluster Q4 performance, admitted that the archetypal 2 years of the existent halving rhythm had not delivered.

Correct, S2F 2021 people was $100K and for 2022 it is besides $100K, that ne'er changed. However, BTC terms information is beneath exemplary line. So the question is, bash we request to refit the exemplary to the little data, oregon bash we person to hold until this rhythm is done (prices tin beryllium higher 2nd half)?

— PlanB (@100trillionUSD) February 14, 2022

The eerie calm meantime extended to large altcoins, galore of which had hardly moved successful the 24 hours to the clip of writing.

Ether (ETH) was 1 of them, wholly static astatine $2,940, portion the biggest mover successful the apical 10 cryptocurrencies by marketplace cap, XRP, was inactive lone down 3% compared to Sunday.