Bitcoin price broke through the $20,000 level after a prolonged period of extremely low volatility

The price of the asset now: $20,220
Growth in 24 hours: +4.58%

Arcane Research analysts have observed similarly low fluctuations in the bitcoin price in 2018, 2019 and 2020. Back then, each period of extreme low volatility was followed by a solid recovery.

By the way. A few days ago, renowned trader Ton Weiss predicted bitcoin to rise to $100,000 in 2023. According to Weiss, capital flows from Europe to the U.S. and lost profits syndrome could be the engine of growth