Journalist
Posted:
- Bitcoin has not experienced a single day with volatility above 150% during the current halving cycle.
- BTC has maintained the $26,000 price range despite the slight declines.
Bitcoin [BTC]has, along with many other cryptocurrencies, faced accusations of extreme volatility and the associated risk of holding it. Recently, data has answered the question of its volatility compared to conventional assets.
Read Bitcoin (BTC) price prediction 2023-24
Bitcoin has less long-term volatility
A recent message from Ecoinometry revealed that Bitcoin showed decreasing instances of extreme volatility after each of its halving events. The report highlighted that the price had more than two months of volatility during the first halving cycle, with volatility of more than 150% within a one-month time frame.
In the second halving cycle, this period was reduced to about a month, with such high volatility. Remarkably, BTC has not experienced a single day with volatility exceeding 150% during the current halving cycle.
Source: Ecoinometry
These volatility events meant that while Bitcoin’s average volatility remained relatively high, it no longer experiences prolonged periods of extreme volatility. Ecoinometry draws a comparison and suggests that BTC’s volatility is now comparable to that of NVIDIA or Tesla.
Bitcoin’s four-week volatility metric
Recent data from Santiment indicated that Bitcoin has indeed experienced notable price volatility in recent months. This measure revealed significant fluctuations in volatility, although these fluctuations generally did not persist for extended periods of time, as noted in the Ecoinometrics article.
At the time of writing, the price volatility score was approximately 0.017%. The highest level of volatility observed over five months was 0.07%.
Source: Santiment
The price development of BTC
On Bitcoin’s daily time frame, the Bollinger Band has indicated some price volatility in recent months. However, this volatility does not last for a longer period of time. At the time of writing, the band showed low volatility, with a range between $25,000 and $27,000.
Also, there have been slight declines in the price of Bitcoin over the past two days, but it has managed to remain around $26,000. At the time of writing, it was trading at around $26,500. 
Source: TradingView
How much are 1,10,100 BTCs worth today?
These slight declines have kept the short and long moving averages intact as resistance levels.
Furthermore, the price drop has caused BTC to fall slightly below the neutral line of its Relative Strength Index (RSI), although this change may not be immediately apparent.