Bitcoin (BTC) Enters Quietest Six Days Since November 2023 Trading Range After Which BTC Rallied 35% in One Month

Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, has entered an unusually quiet phase, with the least volatile six-day stretch since November 2023.

Bitcoin (BTC) price action has seen minimal movement over the past six days, marking the quietist period of volatility for the flagship cryptocurrency since a brief consolidation phase in November 2023. This period of low volatility is noteworthy as BTC price notably surged by 35% in the month following the last quietist six-day stretch.

Bitcoin price notably closed the day up by 0.07% at a price of $97,443, with the world’s largest cryptocurrency trading down by 1.43% over the past week and up by 6.33% over the past 30 days.

BTC price volatility hit its lowest point since a brief consolidation period in November 2023, with the quietist six days of volatility for Bitcoin since then. This period of low volatility comes as BTC price consolidates in the $95,000 price zone.

After hitting a bottom at $94,730 on Feb. 5, Bitcoin price recovered and hit a high of $100,235 on Feb. 7 before being rejected by the 50-day simple moving average (SMA) for the third time in the past week. BTC price then dropped and hit a low of $96,749 on Feb. 8 before recovering again to hit a high of $98,749 on Feb. 10.

From there, BTC price dropped once more and hit a low of $96,080 on Feb. 11 before recovering again and hitting a high of $98,749 on Feb. 12. Bitcoin price then dropped once again and hit a low of $96,749 on Feb. 13 before recovering and hitting a high of $98,749 on Feb. 14.

From there, BTC price dropped once again and hit a low of $96,749 on Feb. 15 before recovering and hitting a high of $98,749 on Feb. 16. Bitcoin price then dropped once again and hit a low of $96,749 on Feb.