Bitcoin's Low Volatility May Signal an Upcoming Rally

Bitcoin's recent low volatility may be more than just a calm before the storm. According to on-chain analyst Sykodelic, this period of quiet is actually part of the setup for its next uptrend.

Sykodelic explained that over the past 60 days, energy has been building for the next major move in Bitcoin's price. He emphasized that low volatility should not be seen as a sign that Bitcoin has lost momentum.

Even if an inverse head-and-shoulders pattern is completed or Bitcoin pulls back to the $60,500 support level, Sykodelic believes that the long-term trend will remain intact. The analyst predicts that the next major move in Bitcoin's price will be upward and could begin as early as this month.