Will Bitcoin's History Repeat? 'A Signal Observed 19 Times Has Arrived, Potential Two-Level Increase Possible!'
Despite Bitcoin's volatility dropping to one of its lowest levels in recent years, DeFi researcher Sherlock noted that such historical "squeezes" have often preceded significant price swings. According to Sherlock's data, Bitcoin's 14-day trading range has narrowed to a level tighter than 99.5% of historical data. He identified 19 past independent periods with similarly compressed volatility, and in each case, Bitcoin's price moved at least 12.5% within the following 45 days. The median maximum price change in those examples was 21.5%, while the average was 27.9%.
The current squeeze began on July 16, with Bitcoin priced at $63,830. If historical patterns hold, Bitcoin could reach either $71,809 or $55,851 by August 30, representing an approximate 12.5% move. However, Sherlock cautioned that the data offers no clear directional bias. Of the 19 prior consolidation periods analyzed, Bitcoin initially broke upward in 9 instances and downward in 10. Therefore, while the low volatility increases the likelihood of a strong price movement, its direction cannot be reliably predicted from this historical precedent.
cryptonews.ru28 min fa