Bitcoin ‘extreme Low Volatility’ To End Amid New $50k BTC Price Target

Bitcoin traders braced for a major move “around the corner” after days of BTC price action sticking to a tight range around $90,000.

Bitcoin (BTC) eroded $90,000 support into Sunday’s weekly close as predictions saw BTC price volatility next.

Bitcoin is seen breaking its sideways trading range as volatility hits “extreme” lows.

Traders wait for a breakout as the weekly close approaches.

Bear market fears spark another $50,000 BTC price bottom target.

Data from Cointelegraph Markets Pro and TradingView showed flat BTC price moves over the weekend, with strong horizontal resistance in place overhead.

Repeated attempts to break higher through the week failed, but Bitcoin’s tight trading range now led to forecasts of a major move.

“Extreme low volatility setup. Means a directional move around the corner,” trader analyst Aksel Kibar wrote in his latest post on X.

Kibar offered two potential scenarios for the volatility strike: a breakdown from the current bear flag formation on the daily chart, as well as a run at $95,000.

“If this works as a bear flag, one last drop towards 73.7K-76.5K area can take place where we look for a medium-term bottom signal,” he continued alongside an explanatory chart.

Source: CoinTelegraph