Bitcoin Analyst Predicts Major Upside After Historic Volatility Low
Bitcoin is currently experiencing historically low volatility on the monthly chart, which often precedes significant upward movements. Analyst Kevin from Kev Capital TA highlights:
- The all-time low in the Bollinger Bands Width (BBW) suggests potential for sharp market expansion.
- The monthly RSI indicates a bull-flag structure, aligning with past trends of substantial market moves.
- Key support levels are crucial; Bitcoin must maintain levels around $109.2K and $106.8K to sustain bullish momentum.
Macro factors also support this outlook:
- A stable macroeconomic environment, with stable inflation and a supportive Federal Reserve policy, could bolster crypto markets in Q4.
- Logarithmic regression models suggest Bitcoin has not yet exceeded the fair-value trendline, indicating room for growth.
- Exchange behavior shows accumulation rather than selling, reinforcing the non-top thesis.
Kevin emphasizes the importance of holding key technical levels and maintaining favorable macro conditions. If these hold, historical patterns indicate potential for significant price increases in Bitcoin as Q4 progresses.
Current Bitcoin trading price: [BTC](https://holder.io/coins/btc/) at $118,811.
