Bitcoin volatility at levels not seen in months

Bitcoin has been going sideways for some time now and the volatility has been dropping out.

In fact, we are at the lowest levels seen since beginning of December.

Currently we are the same levels seen in June of 2018:

(Source: https://twitter.com/tn_crypto/status/1092729220592214016

What does this mean?

Well it could mean we are about to move in a big way or it could mean nothing at all as prices could go sideways for a long time.

However, we do know that prices tend to move sharply after periods of consolidation, which means are likely getting close to a sharp drop or a sharp move up.

Possibly both.

Unfortunately this pattern is eerily similar to what happened back November when prices broke down from $6k down to $3k.

Though, I am hopefully that we are about to move back up and and make a run at that $6k number again over the next several months.

The chart setup is possibly there for it, just need that low of $3,100 to hold.