12-06-2023 20:30 via newsbtc.com

Bitcoin Stuck In Historically Tight Range, Calm Before The Storm?

Data shows Bitcoin has been stuck in a historically tight range recently, something that could be a precursor for extreme volatility.
Bitcoin 30-Day Price Range Has Compressed To Tight Values
In a new tweet, the analytics firm Glassnode has looked into how volatile the asset has been recently. One way to quantify the volatility of Bitcoin is by taking the highest and lowest price points over a specific time period and calculating their percentage difference.
The timespan of interest in the conte
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