OP Coin and other altcoins show hopeful trends; traders await inflation data for further clues.
Bitcoin has once again pulled back from the $68,000 level, ending the brief respite for altcoins and renewing uncertainty across cryptocurrency markets. While investors brace for comments from Donald Trump expected later this evening and overnight, veteran traders are dissecting the signals coming from leading crypto indicators to make sense of the day’s turbulent developments.
Volatility Reaches Historic Lows
The 12-month volatility metric, recently shared by Discover Crypto, sheds light on the current state of turbulence in Bitcoin markets. Remarkably, BTC has circled back to values last seen after the previous U.S. elections, with overall volatility now sitting near historic lows compared to the pre-2020 period.
ContentsVolatility Reaches Historic LowsOP Coin’s Subtle Moves Hint at Altcoin Momentum
“Bitcoin’s 12-month volatility has dropped to its lowest level ever. And just when you thought recent price swings were wild… Who remembers the pre-2020 era?” Discover Crypto reflected.
Although the subdued volatility might suggest these aren’t the market’s most electrifying days, historically, such periods have often preceded strong buy signals. As seen before major surges, the indicator seems poised to light up bullish hopes once again.
This same metric signaled opportunity at the depths of the 2018 bear market, the COVID-induced crash of 2020, and the 2022 market nadir. Today, it’s once again fueling optimism that a market bottom may be near — at least in the short term. Yet, as Bitcoin matures, traders are increasingly aware that traditional signals may not work as reliably as in the past. Some who waited for the old indicators to signal a peak were caught off guard by fresh highs, and now it’s possible this dip could take longer to resolve than many expect.
OP Coin’s Subtle Moves Hint at Altcoin Momentum
Michael Poppe, a perennial optimist in the digital asset space, has long anticipated rallies, often calling for rebounds after each market downturn. While his bullish bets — especially predictions of Bitcoin topping $120,000 — haven’t always played out, Poppe remains steadfast in his outlook. Sharing insights from OP Coin’s recent chart, he noted the emergence of minor bullish divergences, and pointed out that this pattern is now visible in multiple altcoins.
“A curious situation has unfolded. Many charts are now showing subtle bullish divergences, suggesting we might soon see momentum return to altcoins. OP is a prime example. While this upward signal hasn’t been confirmed yet, it could be an encouraging early sign,” Poppe observed.
With U.S. inflation figures slated for release tomorrow, prevailing market pressure in the crypto sector is expected to persist. Traders are advised to remain vigilant, as the hours ahead may bring further swings across digital assets.
You can follow our news on Telegram, Facebook, Twitter & CoinmarketcapDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
