Bitcoin's current volatility is extremely low (even lower than most stocks), and this is the fourth time volatility has dropped to such a low level during this cycle. Each time this has happened, the market has been bullish.
There are two more pieces of evidence indicating that the bull market is still ongoing:
1. This kind of low volatility trend only occurs before the parabolic rise of a bull market.
2. The volatility during this bull market has never approached the peak volatility of previous cycles.
Bitcoin has just broken through the descending flag pattern, whether it can hold this level will depend on the next few days, and the altcoin season will begin after Bitcoin breaks out first.