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A Volatile Road to Nowhere
This week, the Bitcoin market experienced price swings in both directions, however made little progress overall. The market traded down to $24.8k early in the week, rallied to $26.7k on news of the ETF application by Blackrock, before returning almost back to the opening at $26.3k. Whilst prices were volatile intra-week, on the broader scale, the market remains on a road to nowhere. If we compare the the 30-day price range, we can see that quiet periods like this are few and far in between. The majority tend to occur during the apathetic hangover period that follows a bear market, aligning with our observations of ... (full story)