Major Crypto Assets Are Preparing For Powerful Volatility Against Bitcoin

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Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against Bitcoin.

However, a big move is potentially coming, as the Bollinger Band Width of most major crypto assets on their BTC trading pairs is indicating a distinct lack of volatility that is bound to break with an explosive bang.

Major Crypto Trading Pairs Against BTC Set Record-Low Volatility

The cryptocurrency market appears to be at a bit of an impasse and doesn’t know where it wants to go next.

Bitcoin continues to struggle with resistance above $10,000, while altcoins are still more than 80% away from recovery to all-time high prices.

Sentiment in the asset class is improving, but prices remain constrained to lower highs that typically signal weakness.

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Bitcoin interest has been picking up post-halving, and institutions seem to finally be buying in. But it’s still not enough. On BTC trading pairs, altcoins everywhere are stagnant, repeatedly testing lows but unable to fall lower.

The lack of momentum has led to most major cryptocurrency assets to reach extreme lows in terms of volatility.