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Bitcoin Trading In Historically Tight Range: Volatile Decompression Soon?

  • Bitcoin has been trading in a historically narrow 60-day price range, indicating compressed volatility.
  • Instances with a compressed price range in the past have often led to sharp swings in Bitcoin's price.
  • The concentration of BTC supply around the current price level suggests potential for amplified market volatility.
  • Bitcoin is currently valued at around $105,700, showing a 5% increase over the last seven days.

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