In recent weeks, Bitcoin 
$95,810 has traded between $91,000 and $109,000, with its price movements being interpreted by market observers as a prolonged consolidation phase. The volatility indicators have also declined to historical levels, affirming the market’s tranquil behavior. However, this horizontal movement may pave the way for sudden price shifts in the coming days.
Bitcoin Enters a Consolidation Phase
Market data indicates that Bitcoin is currently experiencing low volatility. The two-week realized volatility has dropped to as low as 32% on an annual basis. Additionally, the four-week measurements show volatility falling below the 50% mark, suggesting that price actions are constricting and that Bitcoin is nearing a significant breakout point.
Analyst Checkmate noted that Bitcoin is undergoing its longest consolidation phase since 2015, based on the weekly “Choppiness Index” data. In similar past instances, Bitcoin has displayed strong upward or downward movements. Hence, the current calm market is unlikely to persist, and a major breakout is anticipated.
