Chart for BTC/USD (1M)
Bitcoin (BTC) volatility has now reached record low on major exchanges. The price is preparing for a reversal and risk taking has returned to the market. We have seen most altcoins rally against Bitcoin (BTC) the past 48 hours. This further confirms our view that the trend is about to reverse and Bitcoin (BTC) is going to enter a period of gradual ascend. As we have seen in the past, this is the period where most altcoins rally against Bitcoin (BTC). The same has started to happen this time and the altcoin market confirms it. This means that all those people waiting for Bitcoin (BTC) to make a 5x or 10x moves from here on out to reach a new ATH is not going to happen. Instead, altcoins are going to have their rally first.