Bitcoin has entered a period of unusually low volatility, with the least volatile six-day stretch since November 2023. This has led to speculation among traders and analysts that a major price shift may be imminent. Bitcoin's price has been rangebound for the past week, trading below the daily SMA 50. However, if bulls are able to push BTC prices back above the SMA 50, it could potentially aim for $100,000. According to Glassnode cofounders, Bitcoin may have hit a bottom before a push to $100,000, citing early signs of a trend change. The market will be closely watching for any signs of increased buying activity or catalysts that could spark the next big move.



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