Analyst: Bitcoin's low volatility near all-time high signals further gains

A sharp drop in Bitcoin's volatility suggests a major rally is imminent, according to Joe Consorti, head of growth at Bitcoin custody firm Theya. He noted that BTC has traded within a 15% range of its all-time high for eight months this year. Consorti explained that despite the price setting a new record, volatility is so low that it resembles a price bottom. He added that Bitcoin has never consolidated in this manner near an all-time high, making it difficult not to anticipate a further rise.