Bitcoin continues to experience low volatility, with little movement in its price charts. Traders are expecting the typical weekend chop, with BTC/USD holding steady near $29,500. Market participants are surprised by the lack of movement and anticipate upward momentum in the future. Long positions from Bitcoin whales have been observed on exchanges. The Binance BTC/USD order book suggests that the rangebound status quo will likely continue. Traders believe that the current lack of volatility could lead to a powerful return to trend. Bitcoin is approaching historic compression levels, which could result in significant price expansion. However, readers should conduct their own research and exercise caution when making investment decisions.
