Bitcoin Volatility on the Rise as ADX Hits Two-Year Low

Bitcoin's volatility may be on the rise according to market analysis. The average directional index (ADX), which measures the strength of a trend, has fallen to its lowest level in over two years.

Darkfost, a digital-asset analyst, noted that Bitcoin has been trading within a narrow price range for some time, increasing the chances it will soon move decisively in one direction. He stated that multiple indicators are pointing to the same conclusion.

The prolonged sideways market may be nearing an end, with investors advised to watch Bitcoin's next move closely. As ADX measures the strength of a trend rather than its direction, a low reading indicates a lack of clear momentum.