$BTC Price Poised for Breakout as Volatility Hits 10-Month Low đ
Low Implied volatility, critical golden cross signal, ETF inflows and Fed rate cut bets suggest BTC price could rally to new highs. Hereâs what investors can expect from Bitcoin.
A bull case scenario that can be interpreted from the ongoing low volatility regime if BTC price holds key support levels. Low IV phase coupled with slow grind toward above $105k could lead to a push toward all-time highs (ATH) at $109K.
The daily BTC price chart shows the 50-day moving average (SMA) nearing a bullish âgolden crossâ above the 200-day SMA â a classic indicator of long-term upward momentum. Today, Bitcoin (BTC) trades at $103,692 with no clear sign of directional bias.
Historical data shows that when the slow-moving average moves above the fast-moving average, it signals the start of a bull run.
After golden cross flashed on October 27, 2024, BTC price rose by nearly 62% in just 51 days. If history rhymes, the chances of a similar uptrend could propel Bitcoin to ATHs and beyond.
Bitcoinâs low volatility and golden cross setup suggest a coiled spring. While a dip to $98k is possible, the path to $109k+ looks clearer if ETF inflows and Fed optimism hold.
Traders should watch $100.4K weekly VWAP as a make-or-break level this week.