Experts: Bitcoin Will Exit Current Price Range

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Glassnode analysts predict that the current equilibrium in the Bitcoin market will soon be disrupted due to the extremely low volatility and tight trading ranges.

The monthly realized volatility is at 34.1%, which is below one standard deviation of the Bollinger Bands and only accounts for 19.3% of market history.

This is further confirmed by the Net Unrealized Profit/Loss (NUPL) indicator which holds a value of 0.29 with this condition lasting 16 months in previous cycles.

Additionally, the ‘cost’ of coins purchased by active investors is $33,500 and the Market Value to Realized Value (MVRV) of these market participants is 0.83 while the Investor Cap Price rests at $17,650 which contribute to the lower limit of the consolidation.

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