Bitcoin price is once again testing the patience of traders, moving within one of the tightest percentile price ranges in its history. For more than four months, BTC has traded between roughly $106,000 and $123,000. This period of quiet has pushed volatility to its lowest level ever recorded on six-month metrics. Each time in the past that volatility has fallen to similar depths, it has been followed by a major trending move.

Bitcoin Price Volatility Compression

The current lull stands out even compared to previous phases of consolidation in this cycle. Despite occasional liquidations and sharp wicks, the broader price structure has barely shifted since June. One of the most…

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