Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8K

Bitcoin (BTC) hodlers enjoyed different time of zero volatility connected Dec. 26 arsenic hopeful forecasts sought signs of a inclination change.

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

Opinions diverge further implicit BTC terms bottom

Data from Cointelegraph Markets Pro and TradingView confirmed much sideways enactment adjacent $16,800 for BTC/USD connected Boxing Day.

The brace took the vacation play successful its stride, with reduced volumes having nary interaction connected an already deflated marketplace experiencing its lowest volatility connected record.

With fewer trading opportunities successful the last week of “Do Nothing December,” analysts attempted to acceptable the vessel for imaginable headwinds to come.

“If BTC fails to reclaims ~$17,150 arsenic enactment earlier the extremity of the year… Then $BTC volition found the $13900-$17150 scope arsenic its caller playground,” Rekt Capital tweeted successful a caller update connected the day.

“Therefore astatine worst, BTC could driblet to the Range Low of $13900, Which translates to a -20% driblet from existent prices.”

Rekt Capital was referring to a previous theory involving enactment levels connected the one-month BTC/USD chart.

BTC/USD annotated chart. Source: Rekt Capital/ Twitter

Fresh downside remained a fashionable stake among commentators, with Il Capo of Crypto arsenic insistent arsenic ever astir a caller macro debased being yet to come.

“I deliberation astir bears are expecting 10k, ignoring each the enactment earlier that level. 11k-13k is simply a precise beardown enactment that should hold,” helium reasoned.

Responding, however, different fashionable trading account, Profit Blue, stuck to its warnings that $10,000 would people the Bitcoin carnivore marketplace bottom.

BTC/USD annotated chart. Source: Il Capo of Crypto/ Twitter

Analyst counts down to volatility return

In presumption of breaking the agonizing low-volatility presumption quo, meanwhile, trader Elizy had a imaginable metallic lining for marketplace participants.

Related: Bitcoin accumulation addresses adjacent grounds 800K contempt whale selling

“BTC the question is approaching .... I deliberation successful the adjacent 48h,” portion of a tweet stated connected the day.

Elizy added a one-week BTC/USD illustration with important enactment successful spot astatine conscionable supra $13,000.

BTC/USD annotated chart. Source: Elizy/ Twitter

Many, however, were much than contented to wait until the BTC terms "chopfest" people came to an end. 

The views, thoughts and opinions expressed present are the authors’ unsocial and bash not needfully bespeak oregon correspond the views and opinions of Cointelegraph.