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Bitcoin rarely goes to sleep like this, and low volatility is certainly not something the asset has a reputation for. Volatility is of course a dynamic beast, and it ebbs and flows throughout the cycle. However there is a simple principle that markets tend to adhere to over time, and Bitcoin is no exception:
* Range expansion lead to range contraction - this means that trending rallies or sell-offs are followed by a period of consolidation to digest the move.
* Range contraction leads to range…
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