Urgent: Bitcoin Price Volatility Expected Soon, Analysts Warn
The Bitcoin price has been remarkably stable lately, leaving many crypto market participants wondering when the next significant move will occur. While recent days have been quiet due to holidays and central bank decisions, analysts are already pinpointing dates when BTC volatility is likely to return.
Why the Current Crypto Market Lacks Volatility
Several factors have contributed to the recent sideways action in the crypto market:
- **US Public Holiday:** Juneteenth kept traditional stock markets closed, reducing overall market activity and spillover effects on Bitcoin.
- **Federal Reserve ‘Nothingburger’:** The Fed’s recent meeting resulted in no change to interest rates, a move widely anticipated, thus removing a potential catalyst for volatility. Officials signaled a preference for a ‘wait and see’ approach on inflation.
- **Geopolitical Uncertainty:** Ongoing global tensions contribute to caution among investors.
Data confirms BTC/USD has been trading within a narrow range, struggling to hold key support levels like $105,000.
Upcoming Dates Tied to Trade Wars Could Impact BTC Volatility
Trading firms like QCP Capital are looking beyond immediate catalysts and focusing on future deadlines related to international trade wars as potential drivers for risk asset volatility, including Bitcoin. Key dates highlighted include:
- **July 14:** The date when the EU is scheduled to impose retaliatory tariffs on US goods.
- **August 12:** The expiration date for the current tariff pause on China.
These dates could introduce ‘episodic downside volatility’ into risk markets, although analysts note that a stable outcome regarding China is considered more probable.
What Bitcoin Analysts Expect for BTC Price Action
Despite the current lull, the consensus among many analysts is that significant BTC price movement is imminent. Popular trader Daan Crypto Trades suggests a ‘further displacement’ is statistically favored for the second half of June, potentially even this week, given the current price compression around the $105,000 area.
Fellow trader Skew eyes bid liquidity around $103,000 as a potential target if the $105,000 pivot point fails to hold. Meanwhile, Michaël van de Poppe expects a test of $106,000 and a potential breakout to the upside in the coming days, viewing the recent Fed meeting as a non-event for immediate price action.
Summary: Preparing for Renewed Market Analysis
While the crypto market remains subdued for now, market participants and analysts are actively preparing for the return of BTC volatility. The current quiet period is seen as temporary, with potential catalysts on the horizon ranging from technical chart patterns suggesting compression to significant geopolitical trade war deadlines in the coming months. Investors should stay informed and conduct their own research as these dates approach.
