Bitcoin price predictionOver the past few months, the Bitcoin price has acted like a stable coin, with very little movement either to the upside or the downside.

This has caught many traders and speculators off guard, as the Bitcoin price is usually highly volatile, and far more volatile than stock indexes.

At the moment, the Bitcoin price is trading in a more stable manner than the Nasdaq, which is largely comprised of Big Tech stocks.

Why is the volatility so low?

The decline in volatility in the price of Bitcoin has been indicative that we are currently in the latter stages of a bear market.

After hitting ATHs in November in 2021, the next phase was a gradual decline in price over the course of the next year, eventually bottoming out at $17.5k.

Bitcoin price prediction

As with previous cycles, the volatility tends to decline as Bitcoin finds a price floor, and enters into a stage of sideways motion for several months.

Is now a good time to buy?

Many markets analysts are trading based off the idea that “history doesn’t repeat, but it rhymes”.

If that is the case with the current cycle, then it could well be the case that the low volatility in recent months has been the “accumulation phase” of the bear market, representing a perfect buying opportunity for traders to DCA into Bitcoin to acquire at low prices.

Morgan Creek Capital Bitcoin price prediction: “$100k Bitcoin is a matter of time”

The CEO of Morgan Creek Capital has made his views clear the he believes it is only a matter of time before the price of Bitcoin reaches $100k.

There are many reasons for this, most notably that fiat currencies continue to inflate dramatically and Bitcoin remains the scarcest asset on the planet.

Moreover, the upcoming halvening in 2024 will slash the block rewards in half, meaning that the potential selling pressure from the miners is also dramatically decreased.

Further bullish news that could happen in the short to medium term future include the potential for the Federal Reserve to pivot and either stop raising rates, or to lower them.

If this happens, then “risk on” assets like Bitcoin will come to gain an enormous degree of traction, and will perform extremely well in the months that follow – traders are currently betting that the Federal Reserve will pivot at some point in 2023, given that inflation expectations are becoming more optimistic (runaway inflation looks less likely than it did a few months ago).

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