Bitcoin has always been described as a volatile currency due to its ups and downs in close times.

However, the bitcoin currency recently violated this pattern and entered a relative calm and stability that the currency has not witnessed since 2018.

Inevitably, bitcoin traders are bored during this period, which started from June 1, 2020 to this day, as the price of bitcoin stabilized between $9300-$9500.

During the time period indicated above, Bitcoin made slight tops and bottoms.

Last month, Bitcoin reached a peak price of $9,680, with a low of $8,975.

According to a new report from crypto data company CoinMetrics, published yesterday, the price of Bitcoin has changed by just 1% in the past month.

Read:Binance Launches First Quarterly Bitcoin Futures Contract

According to Skew Analytics, this is the biggest lull for Bitcoin since November 2018.

Looking at the scenario that occurred in 2018, similar to the current calm, we find that the bitcoin currency entered into fluctuations and reversed the direction that speculators had hoped with the collapse of the bitcoin price at the time by about 50%.

# bitcoin Volatility achieved in 10 days = 16%

This means that Bitcoin has moved less than 1% up or down on average over the past 10 days.

The last time this happened was in November 2018, bitcoin sold almost 50% after that. pic.twitter.com/0uFNuDlR4m

– skew (skewdotcom) 20 July 2020

Comparing the current volatility to the rest of 2020, we find that the last couple of months for Bitcoin have been positively boring.

It’s boring but better than what happened in mid-March, when the price of Bitcoin plunged nearly 40% in a matter of days after global markets tumbled amid uncertainty due to the coronavirus.

Bitcoin has recovered quickly and has been on a steady upward trend since its crash.

Read:The emergence of many positive news in the crypto market, but Bitcoin did not get out of its negative… Why?

Since May, the price of the coin has varied between $9,000 and $10,000.

The stability of Bitcoin became noticeable:

In an interview with Bloomberg yesterday, Changpeng Zhao, CEO of Binance, said:

Recently, Bitcoin has been really stable, people are calling Bitcoin the stable currency

Read:The Bitcoin community on Reddit exceeds 1 million users

For some, the stability of Bitcoin is not comfortable, as Bitcoin has not yet broken the $10,000 price point.

This is the price point Bitcoin was at before the crash in March due to the coronavirus.

CZ told Bloomberg that after massive efforts by governments to print money, sooner or later bitcoin will explode.

Although the stability of Bitcoin is bad news for speculators, Nick Carter, a partner in the investment fund Castle Island, sees the current stability of Bitcoin from a different angle.

This is what bitcoin is now.

haha what? Expected to rise forever? You know that’s impossible, right?

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