Low volatility in BTC creates opportunities

Bitcoin Attempts a Breakout, Still Stuck in a Range

Bitcoin is trying to break recent highs, but zooming out reveals that we’re still stuck in a broad range. The 200-day moving average is around the $91,000 level.

Still Lagging Behind Gold
Will we finally see BTC make a serious jump and catch up to gold?

The “Connection” to the Dollar
BTC has been moving closely with the falling dollar lately, though that wasn’t the case earlier this year. The chart shows BTC vs the inverted DXY index.

BTC vs China’s total reserve assets – almost no comment needed here.

Bitcoin vs Gold Volatility
The gap in volatility between BTC and gold is massive. If both are considered hedges against systemic risk, BTC’s volatility looks attractive – both for trading and directional moves.

The Crypto Spread
ETH has shown signs of life lately, but imagine if it starts a more serious mean-reversion move?

$200,000
Standard Chartered once again presents a bullish case for BTC. Key points:

1. Strategic reallocation of assets outside the U.S. could push Bitcoin to new all-time highs.
2. Several indicators support this thesis: term premium, intraday BTC analysis, BTC whale accumulation, ETF flows shifting from gold to BTC.
3. Timing the exact breakout is difficult, but they believe it’s near; a new all-time high is expected in Q2.
4. Their year-end 2025 forecast is $200,000, which is now within reach.