Once subject to powerful vibrations Bitcoin has become a boring asset due to record low levels of volatility.
According to the company’s report ARK Invest, in 2024 the amplitude of fluctuations of the BTC rate decreased to its lowest level in history, falling below 50%. For example, in 2022, this figure reached 80%, and in 2018, it was more than 100%.
Change in Bitcoin Price Volatility Level
It is also noteworthy that from November last year to the present moment, the price of Bitcoin has been changing in a rather narrow range from $89,000 to $109,000, that is, the volatility does not exceed 22%. This is explained by the struggle between bears and bulls, in which no one can yet win, meaning a breakthrough of the key support or resistance barrier.
At the same time, the BTC rate fluctuates within the expanding triangle. Therefore, it can be assumed that in February the level of volatility will gradually increase, and the cryptocurrency rate will fluctuate from $88,000 to $110,000.
Expanding Triangle on Bitcoin Price Chart
CEO ARK Invest Cathie Wood, who recently retrained into a shaman, predicts a rise in BTC price to $1 million and states:
The greater the uncertainty and volatility in the global economy, the greater our confidence in Bitcoin. One reason for this is the fear of inflation. A Bitcoin is a tool for hedging inflation risks.