While Bitcoin has seen strong volatility on a day-to-day and week-to-week basis, it is flat on a macro scale. The crypto-asset has basically traded in the same $3,000 range for five months now. This has allowed macro volatility indicators to subside to critical historical points.
Volatility analysis by one fund manager in the space suggests that when a breakout happens, it will be explosive. He thinks it will be so explosive, in fact, that Bitcoin could hit $20,000 in three months if it attempted to break higher now.
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Bitcoin’s next macro breakout is likely to be explosive, according to an analysis by crypto fund manager Mohit Sorout. Sorout is a founding partner of Bitazu Capital.
He recently shared this chart below, which shows that on a macro basis, Bitcoin’s volatility is extremely low. In fact, it’s reaching lows seen rarely